Smith & Wesson Holding Corp. (NASDAQ:SWHC) – Research analysts at Lake Street Capital lowered their Q3 2017 earnings per share estimates for shares of Smith & Wesson Holding Corp. in a research note issued to investors on Monday. Lake Street Capital analyst C. Krueger now anticipates that the firm will post earnings per share of $0.52 for the quarter, down from their previous estimate of $0.59. Lake Street Capital has a “Hold” rating and a $20.00 price target on the stock. Lake Street Capital also issued estimates for Smith & Wesson Holding Corp.’s Q4 2017 earnings at $0.54 EPS, FY2017 earnings at $2.23 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.39 EPS and FY2018 earnings at $1.32 EPS.

SWHC has been the topic of a number of other reports. Forward View reaffirmed a “buy” rating on shares of Smith & Wesson Holding Corp. in a research note on Saturday, November 12th. Zacks Investment Research raised shares of Smith & Wesson Holding Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, November 19th. Vetr cut shares of Smith & Wesson Holding Corp. from a “strong-buy” rating to a “buy” rating and set a $32.44 price target for the company. in a research report on Thursday, September 1st. Wunderlich lifted their price target on shares of Smith & Wesson Holding Corp. from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Sunday, August 28th. Finally, Cowen and Company reiterated an “outperform” rating and set a $34.00 price target on shares of Smith & Wesson Holding Corp. in a research report on Sunday, September 4th. Nine investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $28.41.

Earnings History and Estimates for Smith & Wesson Holding Corp. (NASDAQ:SWHC)

Shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) opened at 23.51 on Wednesday. The company’s 50-day moving average is $25.40 and its 200-day moving average is $26.31. The stock has a market cap of $1.32 billion, a PE ratio of 11.82 and a beta of 0.85. Smith & Wesson Holding Corp. has a 52-week low of $18.14 and a 52-week high of $31.19.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last posted its earnings results on Thursday, September 1st. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.09. Smith & Wesson Holding Corp. had a net margin of 14.34% and a return on equity of 42.17%. The company earned $207 million during the quarter. During the same period in the previous year, the company earned $0.32 EPS. The company’s revenue was up 40.1% on a year-over-year basis.

Several hedge funds have recently modified their holdings of SWHC. Prudential Financial Inc. increased its stake in shares of Smith & Wesson Holding Corp. by 760.6% in the third quarter. Prudential Financial Inc. now owns 2,068,979 shares of the company’s stock valued at $55,014,000 after buying an additional 1,828,560 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Smith & Wesson Holding Corp. by 23.3% in the second quarter. Vanguard Group Inc. now owns 6,565,220 shares of the company’s stock valued at $178,442,000 after buying an additional 1,240,795 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of Smith & Wesson Holding Corp. by 117.1% in the second quarter. Point72 Asset Management L.P. now owns 85,400 shares of the company’s stock valued at $2,321,000 after buying an additional 585,400 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Smith & Wesson Holding Corp. during the second quarter valued at $14,399,000. Finally, Capital Fund Management S.A. increased its stake in shares of Smith & Wesson Holding Corp. by 493.3% in the second quarter. Capital Fund Management S.A. now owns 589,763 shares of the company’s stock valued at $16,030,000 after buying an additional 490,363 shares in the last quarter. Institutional investors and hedge funds own 70.63% of the company’s stock.

In other news, Director Isabell Marie Wadecki sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $28.50, for a total transaction of $185,250.00. Following the completion of the sale, the director now owns 35,686 shares in the company, valued at approximately $1,017,051. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mitchell A. Saltz sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $25.35, for a total transaction of $76,050.00. Following the sale, the director now owns 6,914 shares of the company’s stock, valued at approximately $175,269.90. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

WARNING: “Smith & Wesson Holding Corp. (SWHC) to Post Q3 2017 Earnings of $0.52 Per Share, Lake Street Capital Forecasts” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another site, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2016/11/24/smith-wesson-holding-corp-swhc-to-post-q3-2017-earnings-of-0-52-per-share-lake-street-capital-forecasts.html.

About Smith & Wesson Holding Corp.

Smith & Wesson Holding Corporation is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and rugged outdoor enthusiast. The Company operates through two segments: firearms and accessories. The firearm segment includes firearms, handcuffs and other related products sold through a distribution chain and direct sales to consumers and international, state and federal governments.

5 Day Chart for NASDAQ:SWHC

Receive News & Stock Ratings for Smith & Wesson Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith & Wesson Holding Corp. and related stocks with our FREE daily email newsletter.