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

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

Smith & Wesson Brands Trading Down 1.1%

Shares of SWBI traded down $0.15 during mid-day trading on Wednesday, reaching $13.73. The stock had a trading volume of 1,414,147 shares, compared to its average volume of 564,550. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.50 and a quick ratio of 1.48. Smith & Wesson Brands has a 52-week low of $7.73 and a 52-week high of $15.79. The business’s fifty day moving average is $14.93 and its 200 day moving average is $12.79. The firm has a market cap of $610.90 million, a price-to-earnings ratio of 59.70 and a beta of 0.90.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SWBI. Rafferty Asset Management LLC boosted its stake 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 valued at $99,000 after purchasing an additional 1,237 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Smith & Wesson Brands by 8.1% in the second quarter. BNP Paribas Financial Markets now owns 18,682 shares of the company’s stock valued at $162,000 after purchasing an additional 1,405 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Smith & Wesson Brands by 9.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,253 shares of the company’s stock valued at $250,000 after purchasing an additional 2,093 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Smith & Wesson Brands by 8.4% in the second quarter. Osaic Holdings Inc. now owns 30,969 shares of the company’s stock valued at $269,000 after purchasing an additional 2,403 shares during the period. Finally, Intech Investment Management LLC boosted its stake in shares of Smith & Wesson Brands by 11.9% in the fourth quarter. Intech Investment Management LLC now owns 23,275 shares of the company’s stock valued at $230,000 after purchasing an additional 2,474 shares during the period. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Analyst Upgrades and Downgrades

SWBI has been the subject of several analyst reports. Wall Street Zen upgraded shares of Smith & Wesson Brands from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 8th. Lake Street Capital boosted their target price on shares of Smith & Wesson Brands from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Smith & Wesson Brands in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.00.

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.