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

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) declared a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Stockholders of record on Thursday, March 20th will be given a dividend of 0.13 per share on Thursday, April 3rd. This represents a $0.52 annualized dividend and a dividend yield of 5.30%. The ex-dividend date of this dividend is Thursday, March 20th.

Smith & Wesson Brands has increased its dividend by an average of 20.7% annually over the last three years.

Smith & Wesson Brands Trading Down 11.0 %

Shares of NASDAQ:SWBI opened at $9.81 on Friday. The stock 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 1-year low of $9.17 and a 1-year high of $18.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 3.97. The company has a 50 day moving average price of $10.50 and a 200 day moving average price of $12.10.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $115.89 million during 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%. On average, research analysts anticipate that Smith & Wesson Brands will post 0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SWBI. Craig Hallum cut 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 report on Friday, December 6th. Lake Street Capital reduced their price target on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating for the company in a research report on Friday.

Smith & Wesson Brands Company Profile

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.