Smith & Wesson Brands (SWBI) Scheduled to Post Earnings on Thursday

Smith & Wesson Brands (NASDAQ:SWBI) will announce its earnings results after the market closes on Thursday, September 5th. Investors that are interested in registering for the company’s conference call can do so using this link.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its earnings results on Thursday, June 20th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.10. Smith & Wesson Brands had a net margin of 7.39% and a return on equity of 11.03%. The firm had revenue of $159.15 million for the quarter, compared to analysts’ expectations of $156.80 million. During the same quarter in the previous year, the business posted $0.32 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis.

Smith & Wesson Brands Stock Performance

Shares of SWBI stock opened at $14.48 on Wednesday. Smith & Wesson Brands has a 12 month low of $10.38 and a 12 month high of $18.05. The stock has a market cap of $652.76 million, a PE ratio of 16.84 and a beta of 1.01. The company has a current ratio of 2.98, a quick ratio of 1.32 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average price is $14.96 and its 200-day moving average price is $15.79.

Smith & Wesson Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were paid a $0.13 dividend. This is a boost from Smith & Wesson Brands’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, July 11th. This represents a $0.52 dividend on an annualized basis and a yield of 3.59%. Smith & Wesson Brands’s payout ratio is presently 60.47%.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital upped their price target on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, June 21st.

Insider Buying and Selling

In other Smith & Wesson Brands news, Director Robert L. Scott sold 2,000 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $14.80, for a total transaction of $29,600.00. Following the transaction, the director now owns 69,569 shares in the company, valued at approximately $1,029,621.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.99% of the stock is currently owned by company insiders.

Smith & Wesson Brands Company Profile

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.