Smith & Wesson Brands (NASDAQ:SWBI) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Smith & Wesson Brands (NASDAQ:SWBI) posted its earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.12, Zacks reports. Smith & Wesson Brands had a return on equity of 5.01% and a net margin of 3.53%.The firm had revenue of $129.37 million for the quarter, compared to analysts’ expectations of $98.70 million.

Smith & Wesson Brands Stock Down 4.0%

SWBI stock traded down $0.51 on Thursday, reaching $12.27. 1,171,048 shares of the company traded hands, compared to its average volume of 603,648. Smith & Wesson Brands has a one year low of $8.01 and a one year high of $17.56. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.20 and a quick ratio of 1.13. The company has a market cap of $550.19 million, a P/E ratio of 30.68 and a beta of 0.86. The firm has a fifty day simple moving average of $14.53 and a 200-day simple moving average of $14.42.

Smith & Wesson Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Wednesday, July 1st. Smith & Wesson Brands’s dividend payout ratio (DPR) is 130.00%.

Analyst Ratings Changes

SWBI has been the topic of a number of research analyst reports. Zacks Research raised shares of Smith & Wesson Brands to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings lowered Smith & Wesson Brands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Finally, Lake Street Capital raised their target price on Smith & Wesson Brands from $14.00 to $16.50 and gave the company a “buy” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.50.

Institutional Investors Weigh In On Smith & Wesson Brands

Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Smith & Wesson Brands in the fourth quarter worth $30,000. Tower Research Capital LLC TRC raised its position in shares of Smith & Wesson Brands by 205.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock worth $54,000 after purchasing an additional 4,200 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new position in Smith & Wesson Brands in the 4th quarter worth about $107,000. Dynamic Technology Lab Private Ltd purchased a new stake in Smith & Wesson Brands during the 4th quarter valued at about $110,000. Finally, Rafferty Asset Management LLC increased its stake in Smith & Wesson Brands by 12.2% during the 2nd quarter. Rafferty Asset Management LLC now owns 11,403 shares of the company’s stock valued at $99,000 after purchasing an additional 1,237 shares in the last quarter. 59.33% of the stock is owned by institutional investors.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.

Founded in 1852 by Horace Smith and Daniel B.