Smith & Wesson Brands (NASDAQ:SWBI) Issues Quarterly Earnings Results

Smith & Wesson Brands (NASDAQ:SWBIGet Free Report) released its quarterly earnings results on Thursday. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.10, reports. Smith & Wesson Brands had a net margin of 7.39% and a return on equity of 11.18%. The business had revenue of $159.15 million for the quarter, compared to analysts’ expectations of $156.80 million. During the same period last year, the business earned $0.32 EPS. The company’s revenue was up 9.9% compared to the same quarter last year.

Smith & Wesson Brands Stock Down 12.9 %

SWBI stock opened at $14.29 on Friday. The firm has a 50 day moving average of $16.41 and a 200 day moving average of $15.17. The stock has a market capitalization of $658.77 million, a PE ratio of 25.07 and a beta of 1.11. The company has a quick ratio of 1.42, a current ratio of 3.21 and a debt-to-equity ratio of 0.27. Smith & Wesson Brands has a 52 week low of $10.38 and a 52 week high of $18.05.

Wall Street Analysts Forecast Growth

SWBI has been the topic of a number of recent analyst reports. Craig Hallum upgraded shares of Smith & Wesson Brands from a “hold” rating to a “buy” rating and raised their price target for the company from $14.00 to $18.00 in a report on Friday, March 8th. Lake Street Capital raised their price target on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday.

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About Smith & Wesson Brands

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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.

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

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