Smith & Wesson Brands (NASDAQ:SWBI) Releases Earnings Results, Beats Expectations By $0.08 EPS

Smith & Wesson Brands (NASDAQ:SWBI) announced its quarterly earnings data on Thursday. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08, Briefing.com reports. Smith & Wesson Brands had a return on equity of 9.42% and a net margin of 5.05%. The company had revenue of $137.48 million during the quarter, compared to the consensus estimate of $133.56 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year.

Smith & Wesson Brands Price Performance

Shares of NASDAQ:SWBI opened at $17.39 on Friday. The company’s fifty day moving average is $13.47 and its two-hundred day moving average is $13.30. The company has a quick ratio of 1.30, a current ratio of 3.10 and a debt-to-equity ratio of 0.27. Smith & Wesson Brands has a 12-month low of $10.34 and a 12-month high of $17.46. The company has a market cap of $793.68 million, a P/E ratio of 30.51 and a beta of 1.14.

Smith & Wesson Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.76%. The ex-dividend date is Wednesday, March 20th. Smith & Wesson Brands’s dividend payout ratio (DPR) is currently 84.21%.

Wall Street Analyst Weigh In

Separately, Craig Hallum upgraded Smith & Wesson Brands from a “hold” rating to a “buy” rating and increased their price objective for the company from $14.00 to $18.00 in a research report on Friday.

Insider Buying and Selling at Smith & Wesson Brands

In other Smith & Wesson Brands news, Director Robert L. Scott sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $13.40, for a total transaction of $26,800.00. Following the sale, the director now directly owns 77,569 shares of the company’s stock, valued at approximately $1,039,424.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 6,000 shares of company stock valued at $80,060 in the last three months. 0.99% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Smith & Wesson Brands

Hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. increased its stake in shares of Smith & Wesson Brands by 72.9% in the fourth quarter. Harbour Investments Inc. now owns 1,918 shares of the company’s stock worth $26,000 after acquiring an additional 809 shares during the last quarter. US Bancorp DE increased its stake in shares of Smith & Wesson Brands by 117.0% in the first quarter. US Bancorp DE now owns 2,448 shares of the company’s stock worth $37,000 after acquiring an additional 1,320 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Smith & Wesson Brands by 1,255.8% in the fourth quarter. International Assets Investment Management LLC now owns 3,037 shares of the company’s stock worth $41,000 after purchasing an additional 2,813 shares in the last quarter. Quarry LP bought a new stake in Smith & Wesson Brands in the second quarter worth $42,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Smith & Wesson Brands by 221.2% in the third quarter. Tower Research Capital LLC TRC now owns 3,273 shares of the company’s stock worth $42,000 after purchasing an additional 2,254 shares in the last quarter. 57.47% of the stock is owned by institutional investors and hedge funds.

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.