Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) announced its earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates of $0.02, Zacks reports. The firm had revenue of $115.89 million during the quarter, compared to analyst estimates of $119.46 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%.
Smith & Wesson Brands Stock Performance
Shares of SWBI stock traded down $1.21 on Friday, reaching $9.81. The stock had a trading volume of 2,473,938 shares, compared to its average volume of 453,194. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The firm's 50-day moving average is $10.50 and its two-hundred day moving average is $12.06. The firm has a market capitalization of $431.67 million, a price-to-earnings ratio of 12.58 and a beta of 1.09. Smith & Wesson Brands has a 12 month low of $9.17 and a 12 month high of $18.05.
Smith & Wesson Brands Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be issued a $0.13 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.30%. Smith & Wesson Brands's payout ratio is 66.67%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on SWBI. Lake Street Capital reduced their target price on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating for the company in a research note on Friday. Craig Hallum lowered shares of Smith & Wesson Brands from a "buy" rating to a "hold" rating and reduced their target price for the stock from $18.00 to $13.00 in a research note on Friday, December 6th.
View Our Latest Report on SWBI
Smith & Wesson Brands Company Profile
(
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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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