Smith & Wesson Brands (NASDAQ:SWBI) Posts Quarterly Earnings Results, Meets Expectations

Smith & Wesson Brands (NASDAQ:SWBI) issued its earnings results on Thursday. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02), Briefing.com reports. The business had revenue of $88.33 million during the quarter, compared to analyst estimates of $102.52 million. Smith & Wesson Brands had a return on equity of 11.03% and a net margin of 7.39%. Smith & Wesson Brands’s revenue was down 22.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 EPS.

Smith & Wesson Brands Stock Down 9.4 %

Shares of SWBI stock traded down $1.34 during mid-day trading on Friday, hitting $12.85. The stock had a trading volume of 1,362,037 shares, compared to its average volume of 229,582. The firm’s 50-day moving average is $14.91 and its two-hundred day moving average is $15.76. Smith & Wesson Brands has a 12-month low of $10.38 and a 12-month high of $18.05. The firm has a market capitalization of $579.28 million, a P/E ratio of 14.94 and a beta of 1.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.98 and a quick ratio of 1.32.

Smith & Wesson Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 19th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 4.05%. Smith & Wesson Brands’s payout ratio is 60.47%.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital raised their target price on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, June 21st.

Insider Buying and Selling at Smith & Wesson Brands

In other news, Director Robert L. Scott sold 2,000 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $14.80, for a total transaction of $29,600.00. Following the sale, the director now directly owns 69,569 shares of the company’s stock, valued at $1,029,621.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.99% of the company’s stock.

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.