Smith & Wesson Brands, Inc. Declares Quarterly Dividend of $0.13 (NASDAQ:SWBI)

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) declared a quarterly dividend on Friday, December 6th,Wall Street Journal reports. Shareholders of record on Thursday, December 19th will be given a dividend of 0.13 per share on Thursday, January 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Thursday, December 19th.

Smith & Wesson Brands has increased its dividend payment by an average of 66.3% per year over the last three years. Smith & Wesson Brands has a dividend payout ratio of 41.3% indicating that its dividend is sufficiently covered by earnings.

Smith & Wesson Brands Price Performance

Shares of NASDAQ:SWBI opened at $10.86 on Friday. The firm has a 50 day moving average of $13.24 and a 200-day moving average of $14.35. Smith & Wesson Brands has a 12 month low of $10.43 and a 12 month high of $18.05. The company has a current ratio of 3.54, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $487.07 million, a PE ratio of 13.92 and a beta of 0.96.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.06). The business had revenue of $129.70 million during the quarter, compared to analyst estimates of $133.53 million. Smith & Wesson Brands had a net margin of 6.74% and a return on equity of 9.20%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $0.14 earnings per share. On average, equities research analysts predict that Smith & Wesson Brands will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SWBI shares. Lake Street Capital downgraded shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating and lowered their price target for the stock from $18.00 to $13.00 in a report on Friday. Craig Hallum downgraded Smith & Wesson Brands from a “buy” rating to a “hold” rating and dropped their target price for the company from $18.00 to $13.00 in a research report 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.