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

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) declared a quarterly dividend on Thursday, June 20th, Zacks reports. Shareholders of record on Thursday, July 11th will be paid a dividend of 0.13 per share on Thursday, July 25th. This represents a $0.52 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Thursday, July 11th. This is an increase from Smith & Wesson Brands’s previous quarterly dividend of $0.12.

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

Smith & Wesson Brands Price Performance

Shares of NASDAQ:SWBI opened at $14.01 on Tuesday. Smith & Wesson Brands has a fifty-two week low of $10.38 and a fifty-two week high of $18.05. The business has a 50-day simple moving average of $15.86 and a two-hundred day simple moving average of $15.29. 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 $638.30 million, a price-to-earnings ratio of 16.29 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings results on Thursday, June 20th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.10. The business had revenue of $159.15 million during the quarter, compared to the consensus estimate of $156.80 million. Smith & Wesson Brands had a return on equity of 11.03% and a net margin of 7.39%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS.

Insider Activity at Smith & Wesson Brands

In related news, Director Robert L. Scott sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $14.80, for a total transaction of $29,600.00. Following the completion of the transaction, the director now directly owns 69,569 shares in the company, valued at approximately $1,029,621.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

About Smith & Wesson Brands

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.