Smith & Wesson Brands (NASDAQ:SWBI) Posts Earnings Results, Beats Estimates By $0.14 EPS

Smith & Wesson Brands (NASDAQ:SWBI) released its quarterly earnings data on Wednesday. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14, FiscalAI reports. Smith & Wesson Brands had a return on equity of 3.07% and a net margin of 2.24%.The business had revenue of $178.39 million for the quarter, compared to the consensus estimate of $155.27 million.

Smith & Wesson Brands Stock Down 1.1%

SWBI stock traded down $0.15 during midday trading on Wednesday, reaching $13.73. 1,414,147 shares of the company were exchanged, compared to its average volume of 564,550. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.48 and a current ratio of 4.50. Smith & Wesson Brands has a 1-year low of $7.73 and a 1-year high of $15.79. The stock’s 50-day simple moving average is $14.93 and its 200 day simple moving average is $12.79. The company has a market cap of $610.90 million, a price-to-earnings ratio of 59.70 and a beta of 0.90.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Lake Street Capital increased their price objective on Smith & Wesson Brands from $11.00 to $14.00 and gave the company a “buy” rating in a report on Friday, March 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Smith & Wesson Brands in a report on Friday, March 27th. Finally, Wall Street Zen raised shares of Smith & Wesson Brands from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Institutional Trading of Smith & Wesson Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in Smith & Wesson Brands during the fourth quarter worth approximately $153,000. Invesco Ltd. increased its holdings in shares of Smith & Wesson Brands by 2.2% in the 4th quarter. Invesco Ltd. now owns 137,004 shares of the company’s stock valued at $1,352,000 after acquiring an additional 2,983 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of Smith & Wesson Brands by 49.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 29,793 shares of the company’s stock valued at $294,000 after acquiring an additional 9,835 shares during the period. Oxford Asset Management LLP acquired a new position in shares of Smith & Wesson Brands in the 4th quarter valued at $140,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Smith & Wesson Brands in the 4th quarter valued at $439,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

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.