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

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) declared a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Investors of record on Thursday, March 20th will be given a dividend of 0.13 per share on Thursday, April 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date is Thursday, March 20th.

Smith & Wesson Brands has raised its dividend payment by an average of 20.7% annually over the last three years.

Smith & Wesson Brands Trading Down 11.0 %

Shares of SWBI stock traded down $1.21 during mid-day trading on Friday, reaching $9.81. 2,472,301 shares of the stock traded hands, compared to its average volume of 452,871. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. Smith & Wesson Brands has a 1-year low of $9.17 and a 1-year high of $18.05. The stock’s fifty day simple moving average is $10.51 and its two-hundred day simple moving average is $12.14. The company has a market cap of $431.67 million, a price-to-earnings ratio of 12.58 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $115.89 million during the quarter, compared to the consensus estimate of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. On average, research analysts anticipate that Smith & Wesson Brands will post 0.47 EPS for the current fiscal year.

Analyst Ratings Changes

SWBI has been the topic of a number of research reports. Lake Street Capital dropped their target price on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating on the stock in a research report on Friday. Craig Hallum cut shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating and cut their price objective for the stock from $18.00 to $13.00 in a research report on Friday, December 6th.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm’s brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.