Smith & Wesson Brands (NASDAQ:SWBI) Issues Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Smith & Wesson Brands (NASDAQ:SWBI) announced its earnings results on Thursday. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.10, Briefing.com reports. Smith & Wesson Brands had a return on equity of 11.18% and a net margin of 7.39%. The company had revenue of $159.15 million for the quarter, compared to analyst estimates of $156.80 million. During the same period in the prior year, the company posted $0.32 EPS. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year.

Smith & Wesson Brands Stock Down 12.9 %

Shares of SWBI opened at $14.29 on Friday. Smith & Wesson Brands has a 52 week low of $10.38 and a 52 week high of $18.05. The company has a quick ratio of 1.42, a current ratio of 3.21 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $658.77 million, a price-to-earnings ratio of 25.07 and a beta of 1.11. The stock’s 50-day moving average price is $16.41 and its 200-day moving average price is $15.17.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Craig Hallum raised Smith & Wesson Brands from a “hold” rating to a “buy” rating and upped their target price for the company from $14.00 to $18.00 in a research report on Friday, March 8th. Lake Street Capital boosted their price target on Smith & Wesson Brands from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.