Smith & Wesson Brands (NASDAQ:SWBI) Posts Earnings Results, Beats Expectations By $0.10 EPS

Smith & Wesson Brands (NASDAQ:SWBIGet Free Report) issued its quarterly earnings data on Thursday. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.10, 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 during the quarter, compared to analysts’ expectations of $156.80 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis.

Smith & Wesson Brands Stock Down 12.9 %

Shares of SWBI opened at $14.29 on Friday. The firm has a 50 day simple moving average of $16.41 and a two-hundred day simple moving average of $15.17. The company has a market cap of $658.77 million, a P/E ratio of 25.07 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.21 and a quick ratio of 1.42. Smith & Wesson Brands has a one year low of $10.38 and a one year high of $18.05.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SWBI shares. Lake Street Capital lifted their price target on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Friday. Craig Hallum upgraded shares of Smith & Wesson Brands from a “hold” rating to a “buy” rating and lifted their price target for the company from $14.00 to $18.00 in a research report on Friday, March 8th.

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About Smith & Wesson Brands

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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.

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Earnings History for Smith & Wesson Brands (NASDAQ:SWBI)

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