Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Get Free Report) announced a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Shareholders of record on Thursday, March 20th will be paid a dividend of 0.13 per share on Thursday, April 3rd. This represents a $0.52 annualized dividend and a yield of 5.30%. The ex-dividend date is Thursday, March 20th.
Smith & Wesson Brands has raised its dividend by an average of 20.7% per year over the last three years.
Smith & Wesson Brands Stock Performance
SWBI stock traded down $1.21 during mid-day trading on Friday, reaching $9.81. 2,473,938 shares of the stock traded hands, compared to its average volume of 453,194. The business has a 50-day moving average of $10.50 and a two-hundred day moving average of $12.08. The firm has a market capitalization of $431.67 million, a PE ratio of 12.58 and a beta of 1.09. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. Smith & Wesson Brands has a 52 week low of $9.17 and a 52 week high of $18.05.
Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $115.89 million for the quarter, compared to analysts' expectations of $119.46 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. As a group, equities analysts predict that Smith & Wesson Brands will post 0.47 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently commented on SWBI shares. Craig Hallum cut shares of Smith & Wesson Brands from a "buy" rating to a "hold" rating and dropped their target price for the company from $18.00 to $13.00 in a research report on Friday, December 6th. Lake Street Capital dropped their price objective on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating on the stock in a research note on Friday.
View Our Latest Stock Analysis on Smith & Wesson Brands
About Smith & Wesson Brands
(
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Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm's brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.
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