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

Key Points

• Smith & Wesson Brands declared a quarterly dividend of $0.13 per share, payable October 1 to shareholders of record on September 17. The dividend implies an annualized yield of approximately 4.2%.
• The company reported quarterly revenue of $129.37 million, up 32.3% year over year and well above estimates, while EPS of $0.06 exceeded the consensus estimate of a $0.06 loss.
• SWBI shares opened at $12.27, down 4.0%, while analysts maintained a consensus “Hold” rating with an average price target of $16.50.

Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Get Free Report) declared a quarterly dividend on Thursday, September 3rd. Investors of record on Thursday, September 17th will be paid a dividend of 0.13 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Thursday, September 17th.

Smith & Wesson Brands has decreased its dividend payment by an average of 0.4%annually over the last three years and has increased its dividend annually for the last 4 consecutive years.

Smith & Wesson Brands Trading Down 4.0%

Shares of SWBI opened at $12.27 on Friday. Smith & Wesson Brands has a twelve month low of $8.01 and a twelve month high of $17.56. The firm has a market capitalization of $550.19 million, a P/E ratio of 30.68 and a beta of 0.86. The firm's 50-day moving average is $14.46 and its two-hundred day moving average is $14.42. The company has a current ratio of 3.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.12. Smith & Wesson Brands had a return on equity of 5.01% and a net margin of 3.53%.The business had revenue of $129.37 million during the quarter, compared to the consensus estimate of $98.70 million. During the same quarter in the previous year, the company posted ($0.08) EPS. The business's revenue was up 32.3% on a year-over-year basis. On average, research analysts predict that Smith & Wesson Brands will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on SWBI. Weiss Ratings downgraded shares of Smith & Wesson Brands from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, July 29th. Lake Street Capital increased their target price on Smith & Wesson Brands from $14.00 to $16.50 and gave the stock a "buy" rating in a report on Thursday, June 18th. Finally, Zacks Research upgraded Smith & Wesson Brands to a "hold" rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $16.50.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.

Founded in 1852 by Horace Smith and Daniel B.

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