Smith & Wesson Brands (NASDAQ:SWBI) Announces Earnings Results, Meets Expectations

Smith & Wesson Brands (NASDAQ:SWBI) issued its quarterly earnings results on Thursday. The company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02), Briefing.com reports. Smith & Wesson Brands had a return on equity of 11.03% and a net margin of 7.39%. The business had revenue of $88.33 million for the quarter, compared to analyst estimates of $102.52 million. During the same period last year, the company posted $0.13 earnings per share. Smith & Wesson Brands’s quarterly revenue was down 22.7% compared to the same quarter last year.

Smith & Wesson Brands Stock Performance

NASDAQ:SWBI opened at $14.19 on Friday. The company has a market capitalization of $646.50 million, a P/E ratio of 16.50 and a beta of 1.01. Smith & Wesson Brands has a 1 year low of $10.38 and a 1 year high of $18.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.98 and a quick ratio of 1.32. The business has a fifty day simple moving average of $14.94 and a two-hundred day simple moving average of $15.77.

Smith & Wesson Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were given a $0.13 dividend. This is an increase from Smith & Wesson Brands’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Thursday, July 11th. Smith & Wesson Brands’s dividend payout ratio (DPR) is currently 60.47%.

Analyst Ratings Changes

Separately, Lake Street Capital raised their target price on Smith & Wesson Brands from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, June 21st.

Insider Activity

In other news, Director Robert L. Scott sold 2,000 shares of Smith & Wesson Brands stock in a transaction on Friday, June 28th. The stock was sold at an average price of $14.80, for a total value of $29,600.00. Following the completion of the transaction, the director now directly owns 69,569 shares in the company, valued at $1,029,621.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.99% of the stock is owned by company insiders.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.