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

Smith & Wesson Brands, Inc. (NASDAQ:SWBI – Get Free Report) declared a quarterly dividend on Wednesday, June 17th. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.13 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, July 1st.

Smith & Wesson Brands Price Performance

SWBI opened at $13.73 on Thursday. The business has a fifty day moving average of $14.91 and a 200 day moving average of $12.82. Smith & Wesson Brands has a 52-week low of $7.73 and a 52-week high of $15.79. The company has a quick ratio of 1.48, a current ratio of 4.50 and a debt-to-equity ratio of 0.29. The stock has a market cap of $610.85 million, a P/E ratio of 59.70 and a beta of 0.90.

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Smith & Wesson Brands (NASDAQ:SWBI – Get Free Report) last released its earnings results on Wednesday, June 17th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13. Smith & Wesson Brands had a return on equity of 3.07% and a net margin of 2.24%.The business had revenue of $178.39 million for the quarter, compared to analyst estimates of $155.27 million. During the same quarter last year, the firm posted $0.20 earnings per share. The business’s revenue was up 26.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Smith & Wesson Brands will post 0.27 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SWBI shares. Lake Street Capital boosted their price objective on shares of Smith & Wesson Brands from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smith & Wesson Brands in a research note on Friday, March 27th. Finally, Wall Street Zen upgraded Smith & Wesson Brands from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Smith & Wesson Brands presently has an average rating of “Hold” and an average price target of $14.00.

Check Out Our Latest Research Report on SWBI

Smith & Wesson Brands Company Profile

(Get Free Report)

Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.

Founded in 1852 by Horace Smith and Daniel B.

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