Smith & Wesson Brands (NASDAQ:SWBI) Releases Earnings Results, Beats Estimates By $0.03 EPS

Smith & Wesson Brands (NASDAQ:SWBI) posted its quarterly earnings results on Thursday. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03, FiscalAI reports. The business had revenue of $135.71 million during the quarter, compared to the consensus estimate of $125.59 million. Smith & Wesson Brands had a net margin of 1.89% and a return on equity of 2.34%.

Smith & Wesson Brands Price Performance

Shares of Smith & Wesson Brands stock traded down $0.22 during trading on Thursday, hitting $11.79. The stock had a trading volume of 456,443 shares, compared to its average volume of 474,798. The firm has a market cap of $524.58 million, a price-to-earnings ratio of 62.06 and a beta of 1.04. Smith & Wesson Brands has a 12 month low of $7.73 and a 12 month high of $12.15. The business’s 50-day moving average is $11.09 and its 200 day moving average is $9.96. The company has a current ratio of 4.98, a quick ratio of 1.58 and a debt-to-equity ratio of 0.34.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smith & Wesson Brands in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Smith & Wesson Brands has a consensus rating of “Hold” and a consensus price target of $11.00.

Institutional Trading of Smith & Wesson Brands

Several institutional investors and hedge funds have recently made changes to their positions in SWBI. Caitong International Asset Management Co. Ltd purchased a new position in shares of Smith & Wesson Brands in the 4th quarter worth about $30,000. Tower Research Capital LLC TRC lifted its stake in Smith & Wesson Brands by 205.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock worth $54,000 after purchasing an additional 4,200 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in Smith & Wesson Brands during the fourth quarter valued at about $107,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Smith & Wesson Brands during the fourth quarter valued at about $110,000. Finally, Rafferty Asset Management LLC increased its holdings in shares of Smith & Wesson Brands by 12.2% in the second quarter. Rafferty Asset Management LLC now owns 11,403 shares of the company’s stock worth $99,000 after buying an additional 1,237 shares during the period. Hedge funds and other institutional investors own 59.33% of the company’s stock.

About Smith & Wesson Brands

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.