Smith & Wesson Brands (NASDAQ:SWBI) Posts Quarterly Earnings Results, Hits Estimates

Smith & Wesson Brands (NASDAQ:SWBI) released its quarterly earnings data on Thursday. The company reported ($0.02) EPS for the quarter, meeting 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 the consensus estimate of $102.52 million. During the same quarter in the prior year, the business posted $0.13 EPS. The business’s revenue for the quarter was down 22.7% on a year-over-year basis.

Smith & Wesson Brands Stock Performance

Shares of SWBI stock opened at $12.85 on Friday. The stock’s 50-day moving average is $14.91 and its two-hundred day moving average is $15.76. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.32 and a current ratio of 2.98. Smith & Wesson Brands has a 1 year low of $10.38 and a 1 year high of $18.05. The firm has a market cap of $579.28 million, a price-to-earnings ratio of 14.94 and a beta of 1.01.

Smith & Wesson Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Thursday, July 11th. This is an increase from Smith & Wesson Brands’s previous quarterly dividend of $0.12. Smith & Wesson Brands’s dividend payout ratio is currently 60.47%.

Analyst Ratings Changes

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

Insider Activity

In related news, Director Robert L. Scott sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $16.07, for a total transaction of $32,140.00. Following the transaction, the director now owns 67,569 shares in the company, valued at approximately $1,085,833.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.99% of the company’s stock.

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.