Smith & Wesson Brands (NASDAQ:SWBI) Announces Earnings Results

Smith & Wesson Brands (NASDAQ:SWBI) posted its quarterly earnings data on Thursday. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02, FiscalAI reports. The firm had revenue of $124.67 million for the quarter, compared to the consensus estimate of $123.73 million. Smith & Wesson Brands had a return on equity of 3.10% and a net margin of 2.34%.

Smith & Wesson Brands Price Performance

Smith & Wesson Brands stock traded up $0.03 during midday trading on Thursday, reaching $8.91. 599,433 shares of the stock traded hands, compared to its average volume of 664,481. The stock has a market cap of $395.09 million, a P/E ratio of 37.13 and a beta of 1.11. The stock’s fifty day moving average is $9.36 and its 200-day moving average is $9.04. The company has a quick ratio of 1.37, a current ratio of 5.21 and a debt-to-equity ratio of 0.35. Smith & Wesson Brands has a 12 month low of $7.73 and a 12 month high of $14.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SWBI. Millennium Management LLC bought a new position in shares of Smith & Wesson Brands during the 3rd quarter worth $7,558,000. Two Sigma Investments LP lifted its stake in Smith & Wesson Brands by 166.1% in the third quarter. Two Sigma Investments LP now owns 753,964 shares of the company’s stock worth $7,411,000 after acquiring an additional 470,602 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Smith & Wesson Brands by 41.4% during the first quarter. Goldman Sachs Group Inc. now owns 712,708 shares of the company’s stock valued at $6,642,000 after purchasing an additional 208,739 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of Smith & Wesson Brands in the 3rd quarter worth $658,000. Finally, Quantbot Technologies LP purchased a new position in shares of Smith & Wesson Brands in the 2nd quarter worth approximately $190,000. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SWBI shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Smith & Wesson Brands in a research note on Wednesday, October 8th. Zacks Research upgraded Smith & Wesson Brands from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen raised Smith & Wesson Brands from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.00.

About Smith & Wesson Brands

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.