Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) announced its earnings results on Wednesday. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03), Zacks reports. Smith & Wesson Brands had a return on equity of 6.80% and a net margin of 6.04%.
Smith & Wesson Brands Stock Up 3.7%
SWBI stock traded up $0.39 during trading on Wednesday, hitting $10.88. 1,420,009 shares of the stock traded hands, compared to its average volume of 506,117. The stock has a market cap of $478.75 million, a price-to-earnings ratio of 16.74 and a beta of 1.01. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.67 and a quick ratio of 1.56. Smith & Wesson Brands has a 1 year low of $8.38 and a 1 year high of $16.85. The firm's 50 day moving average is $9.61 and its two-hundred day moving average is $10.10.
Wall Street Analyst Weigh In
Separately, Lake Street Capital decreased their price objective on Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating for the company in a report on Friday, March 7th.
Check Out Our Latest Stock Analysis on Smith & Wesson Brands
Institutional Investors Weigh In On Smith & Wesson Brands
An institutional investor recently raised its position in Smith & Wesson Brands stock. Goldman Sachs Group Inc. boosted its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 41.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 712,708 shares of the company's stock after purchasing an additional 208,739 shares during the period. Goldman Sachs Group Inc. owned about 1.62% of Smith & Wesson Brands worth $6,642,000 as of its most recent SEC filing. Institutional investors and hedge funds own 59.33% of the company's stock.
Smith & Wesson Brands Company Profile
(
Get Free Report)
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.
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