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

Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Get Free Report) announced a quarterly dividend on Friday, December 6th,Wall Street Journal reports. Investors of record on Thursday, December 19th will be paid a dividend of 0.13 per share on Thursday, January 2nd. This represents a $0.52 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Thursday, December 19th.

Smith & Wesson Brands has increased its dividend by an average of 66.3% annually over the last three years. Smith & Wesson Brands has a dividend payout ratio of 41.3% meaning its dividend is sufficiently covered by earnings.

Smith & Wesson Brands Stock Performance

SWBI stock traded down $2.77 during midday trading on Friday, reaching $10.86. 5,048,900 shares of the company were exchanged, compared to its average volume of 426,071. Smith & Wesson Brands has a one year low of $10.43 and a one year high of $18.05. The firm has a market capitalization of $487.07 million, a price-to-earnings ratio of 14.68 and a beta of 0.96. The business has a 50-day moving average price of $13.24 and a two-hundred day moving average price of $14.35. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.54 and a quick ratio of 1.19.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.06). Smith & Wesson Brands had a net margin of 6.74% and a return on equity of 9.20%. The firm had revenue of $129.70 million during the quarter, compared to analyst estimates of $133.53 million. During the same period in the prior year, the company earned $0.14 earnings per share. The business's quarterly revenue was up 3.8% compared to the same quarter last year.

Analysts Set New Price Targets

SWBI has been the topic of a number of recent research reports. Lake Street Capital lowered Smith & Wesson Brands from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $18.00 to $13.00 in a research note on Friday. Craig Hallum lowered shares of Smith & Wesson Brands from a "buy" rating to a "hold" rating and cut their target price for the company from $18.00 to $13.00 in a research report on Friday.

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.

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