Smith & Wesson Brands, Inc. (SWBI) To Go Ex-Dividend on July 1st

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) declared a quarterly dividend on Wednesday, June 17th. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.13 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Wednesday, July 1st.

Smith & Wesson Brands Stock Up 17.1%

Shares of SWBI stock opened at $16.08 on Friday. Smith & Wesson Brands has a 52-week low of $7.73 and a 52-week high of $17.56. The stock has a market cap of $715.40 million, a price-to-earnings ratio of 40.20 and a beta of 0.90. The firm’s 50-day moving average is $14.93 and its 200-day moving average is $12.87. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.48 and a current ratio of 4.50.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings results on Wednesday, June 17th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13. The business had revenue of $178.39 million during the quarter, compared to analysts’ expectations of $155.27 million. Smith & Wesson Brands had a return on equity of 5.06% and a net margin of 3.53%.Smith & Wesson Brands’s quarterly revenue was up 26.7% on a year-over-year basis. During the same quarter last year, the company posted $0.20 earnings per share.

Wall Street Analyst Weigh In

SWBI has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Smith & Wesson Brands in a research note on Friday, March 27th. Wall Street Zen raised Smith & Wesson Brands from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. Finally, Lake Street Capital raised their price target on Smith & Wesson Brands from $14.00 to $16.50 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Smith & Wesson Brands currently has a consensus rating of “Hold” and an average target price of $16.50.

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.