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

Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Get Free Report) declared a quarterly dividend on Wednesday, June 18th, Wall Street Journal reports. Shareholders of record on Monday, July 7th will be paid a dividend of 0.13 per share on Monday, July 21st. This represents a $0.52 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date is Monday, July 7th.

Smith & Wesson Brands Stock Performance

Shares of Smith & Wesson Brands stock traded down $0.04 on Monday, reaching $8.69. 2,399,132 shares of the company were exchanged, compared to its average volume of 525,394. The firm has a market cap of $382.36 million, a price-to-earnings ratio of 32.19 and a beta of 1.01. Smith & Wesson Brands has a 1-year low of $8.38 and a 1-year high of $16.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.56 and a current ratio of 4.67. The company's 50-day moving average is $9.68 and its two-hundred day moving average is $10.00.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last issued its quarterly earnings data on Wednesday, June 18th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). Smith & Wesson Brands had a return on equity of 3.71% and a net margin of 2.60%. The company had revenue of $140.76 million for the quarter, compared to the consensus estimate of $152.41 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. Smith & Wesson Brands's quarterly revenue was down 11.6% compared to the same quarter last year. As a group, research analysts expect that Smith & Wesson Brands will post 0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Lake Street Capital dropped their price objective on shares of Smith & Wesson Brands from $12.50 to $11.00 and set a "buy" rating on the stock in a report on Monday.

Institutional Investors Weigh In On Smith & Wesson Brands

An institutional investor recently raised its position in Smith & Wesson Brands stock. Royal Bank of Canada increased its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 25.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,063 shares of the company's stock after purchasing an additional 8,290 shares during the quarter. Royal Bank of Canada owned about 0.09% of Smith & Wesson Brands worth $383,000 at the end of the most recent quarter. 59.33% of the stock is currently owned by institutional investors and hedge funds.

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.