Smith & Wesson Brands (NASDAQ:SWBI) Announces Quarterly Earnings Results

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

Smith & Wesson Brands Stock Down 9.4 %

Shares of SWBI stock traded down $1.34 during trading hours on Friday, reaching $12.85. 1,362,037 shares of the stock were exchanged, compared to its average volume of 229,582. The business’s fifty day moving average is $14.91 and its two-hundred day moving average is $15.76. The firm has a market capitalization of $579.28 million, a P/E ratio of 14.94 and a beta of 1.01. Smith & Wesson Brands has a 12-month low of $10.38 and a 12-month 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.

Smith & Wesson Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Thursday, September 19th. Smith & Wesson Brands’s dividend payout ratio is presently 60.47%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital increased their target price on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the stock a “buy” rating in a 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.