Smith & Wesson Brands (NASDAQ:SWBI) Posts Quarterly Earnings Results

Smith & Wesson Brands (NASDAQ:SWBI) issued its earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02, Zacks reports. The firm had revenue of $115.89 million for the quarter, compared to analyst estimates of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%.

Smith & Wesson Brands Price Performance

Shares of NASDAQ:SWBI opened at $11.02 on Friday. Smith & Wesson Brands has a fifty-two week low of $9.68 and a fifty-two week high of $18.05. The firm has a market cap of $484.91 million, a price-to-earnings ratio of 14.13 and a beta of 1.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 3.97. The business has a 50-day simple moving average of $10.51 and a two-hundred day simple moving average of $12.14.

Analyst Ratings Changes

A number of analysts recently issued reports on SWBI shares. Craig Hallum lowered Smith & Wesson Brands from a “buy” rating to a “hold” rating and decreased their price objective for the company from $18.00 to $13.00 in a research note on Friday, December 6th. Lake Street Capital raised shares of Smith & Wesson Brands from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Monday, January 27th.

About Smith & Wesson Brands

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.