Smith & Wesson Brands (SWBI) to Release Quarterly Earnings on Thursday

Smith & Wesson Brands (NASDAQ: SWBI) is set to release its quarterly earnings after market close on September 5. In the previous quarter, the company reported earnings per share of {{.Question}}.45, exceeding estimates of {{.Question}}.35, with a net margin of 7.39%. The business has seen a year-over-year revenue increase of 9.9%. Additionally, the firm recently raised its dividend to {{.Question}}.13, reflecting a yield of 3.48%. Analyst ratings have been upgraded, with Lake Street Capital increasing their price target for SWBI.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) will issue its quarterly earnings data after the market closes on Thursday, September 5th. Parties interested in participating in the company's conference call can do so using this link.

Get Smith & Wesson Brands alerts:

MarketBeat Week in Review – 6/26 - 6/30

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last announced its quarterly earnings data on Thursday, June 20th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.10. The firm had revenue of $159.15 million during the quarter, compared to analyst estimates of $156.80 million. Smith & Wesson Brands had a net margin of 7.39% and a return on equity of 11.03%. The business's quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS.

Smith & Wesson Brands Trading Down 0.9 %

Shares of SWBI opened at $14.96 on Thursday. The firm has a market cap of $674.40 million, a price-to-earnings ratio of 17.40 and a beta of 1.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.32 and a current ratio of 2.98. Smith & Wesson Brands has a fifty-two week low of $10.38 and a fifty-two week high of $18.05. The firm has a 50 day moving average price of $15.01 and a 200-day moving average price of $15.74.

Smith & Wesson Brands Increases Dividend

Smith & Wesson, A Timeless Value Play At Decade Lows

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.48%. This is a positive change from Smith & Wesson Brands's previous quarterly dividend of $0.12. The ex-dividend date was Thursday, July 11th. Smith & Wesson Brands's payout ratio is presently 60.47%.

Insider Activity at Smith & Wesson Brands

In related news, Director Robert L. Scott sold 2,000 shares of the company's stock in a transaction on Monday, July 29th. The shares were sold at an average price of $16.07, for a total transaction of $32,140.00. Following the completion of the sale, the director now directly owns 67,569 shares in the company, valued at approximately $1,085,833.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Can Investors Trust Consumers to Lift American Outdoor Brands?

Separately, Lake Street Capital upped their price target on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the company a "buy" rating in a report on Friday, June 21st.

View Our Latest Research Report on Smith & Wesson Brands

About Smith & Wesson Brands

(Get Free Report)

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.

Featured Stories

Five stocks we like better than Smith & Wesson Brands
3 Warren Buffett Stocks to Buy Now
BHP Stock: The Under-the-Radar Growth Story in Commodities
What is the Dow Jones Industrial Average (DJIA)?
Analysts Upgrade These 3 Hot Buy-and-Hold Stocks
How Investors Can Identify and Successfully Trade Gap-Down Stocks
Kohl’s Charts a Resilient Path in a Challenging Retail Landscape

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

→ Secure this "AI Fuel" Stock Before the Billionaires Buy It All (From Behind the Markets) (Ad)

Should you invest $1,000 in Smith & Wesson Brands right now?

Before you consider Smith & Wesson Brands, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Smith & Wesson Brands wasn't on the list.

While Smith & Wesson Brands currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here