Smith & Wesson Brands (NASDAQ:SWBI) Posts Quarterly Earnings Results, Beating EPS Estimates by $0.10

Smith & Wesson Brands ( NASDAQ:SWBI – Get Free Report ) released its quarterly earnings results on Thursday. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.10, Briefing.com reports. Smith & Wesson Brands’ net margin was 7.39% and return on equity was 11.18%. The company’s revenue for the quarter was $159.15 million, compared to analyst estimates of $156.80 million. During the same quarter last year, the company earned $0.32 per share. The company’s revenues increased by 9.9% compared to the same quarter last year.

Shares of Smith & Wesson brands fell 12.9%

SWBI stock opened Friday at $14.29. The company’s market capitalization is $658.77 million, its price-to-earnings ratio is 16.62 and its beta is 1.11. Smith & Wesson Brands has a 52-week low of $10.38 and a 52-week high of $18.05. The company has a debt to equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 3.21. The company’s fifty-day moving average price is $16.41 and its two-hundred-day moving average price is $15.17.

Analyst Upgrades and Downgrades

SWBI has been the subject of numerous reports from research analysts. Lake Street Capital raised their target price on Smith & Wesson Brands from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday. In a report on Friday, March 8, Craig Hallum upgraded Smith & Wesson Brands from a “hold” rating to a “buy” rating and raised their price target for the company from $14.00 to $18.00.

See our latest report on the Smith & Wesson brands

About the Smith & Wesson brands

(Get the 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; shackles; silencers; and other firearms products under the Smith & Wesson, M&P and Gemtech brands.

See also

Get Smith & Wesson brand news and ratings every day – Enter your email address below to receive a daily concise summary of the latest news and analyst ratings for Smith & Wesson Brands and related companies with MarketBeat.com’s FREE daily email newsletter.