Smith & Wesson Brands, Inc. Declares Quarterly Dividend of $0.13 (NASDAQ:SWBI)

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) declared a quarterly dividend on Thursday, September 5th, Zacks reports. Shareholders of record on Thursday, September 19th will be given a dividend of 0.13 per share on Thursday, October 3rd. This represents a $0.52 annualized dividend and a yield of 4.05%. The ex-dividend date is Thursday, September 19th.

Smith & Wesson Brands has raised its dividend by an average of 66.3% per year over the last three years.

Smith & Wesson Brands Stock Down 9.4 %

Smith & Wesson Brands stock opened at $12.85 on Friday. Smith & Wesson Brands has a twelve month low of $10.38 and a twelve month high of $18.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.32 and a current ratio of 2.98. The firm has a market cap of $579.28 million, a PE ratio of 14.94 and a beta of 1.01. The firm’s 50 day moving average price is $14.91 and its two-hundred day moving average price is $15.76.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings results on Thursday, September 5th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). Smith & Wesson Brands had a net margin of 7.39% and a return on equity of 11.03%. The business had revenue of $88.33 million for the quarter, compared to the consensus estimate of $102.52 million. During the same period in the prior year, the business posted $0.13 earnings per share. Smith & Wesson Brands’s revenue for the quarter was down 22.7% compared to the same quarter last year.

Insider Buying and Selling at Smith & Wesson Brands

In other news, Director Robert L. Scott sold 2,000 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $16.07, for a total transaction of $32,140.00. Following the completion of the sale, the director now owns 67,569 shares in the company, valued at approximately $1,085,833.83. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.99% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.