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Smith & Wesson Brands (NASDAQ:SWBI) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Smith & Wesson Brands logo with Consumer Discretionary background

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) issued 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. The firm had revenue of $140.76 million during the quarter, compared to the consensus estimate of $152.41 million. Smith & Wesson Brands had a net margin of 2.60% and a return on equity of 3.71%. The business's quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share.

Smith & Wesson Brands Stock Performance

SWBI stock traded down $2.15 during midday trading on Friday, reaching $8.73. 7,320,102 shares of the company's stock traded hands, compared to its average volume of 517,841. The firm has a market capitalization of $384.12 million, a PE ratio of 32.33 and a beta of 1.01. The company has a 50-day moving average price of $9.68 and a two-hundred day moving average price of $10.03. Smith & Wesson Brands has a 52 week low of $8.38 and a 52 week 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.

Smith & Wesson Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, July 7th will be paid a $0.13 dividend. The ex-dividend date is Monday, July 7th. This represents a $0.52 dividend on an annualized basis and a yield of 5.96%. Smith & Wesson Brands's dividend payout ratio is 80.00%.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital lowered their price objective on Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating on the stock in a research note on Friday, March 7th.

Read Our Latest Stock Report on SWBI

Hedge Funds Weigh In On Smith & Wesson Brands

An institutional investor recently raised its position in Smith & Wesson Brands stock. Royal Bank of Canada boosted its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 25.3% in the 1st quarter, according to the company in its most recent 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 approximately 0.09% of Smith & Wesson Brands worth $383,000 as of its most recent filing with the Securities & Exchange Commission. 59.33% of the stock is currently owned by institutional investors and hedge funds.

About Smith & Wesson Brands

(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.

See Also

Earnings History for Smith & Wesson Brands (NASDAQ:SWBI)

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