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

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) announced a quarterly dividend on Thursday, December 5th,Wall Street Journal reports. Shareholders of record on Thursday, December 19th will be paid a dividend of 0.13 per share on Thursday, January 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date is Thursday, December 19th.

Smith & Wesson Brands has raised its dividend payment by an average of 66.3% per year over the last three years. Smith & Wesson Brands has a dividend payout ratio of 83.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Smith & Wesson Brands Stock Performance

Shares of NASDAQ SWBI opened at $11.01 on Tuesday. The firm has a market capitalization of $484.22 million, a price-to-earnings ratio of 14.11 and a beta of 0.96. Smith & Wesson Brands has a one year low of $10.43 and a one year high of $18.05. The business has a fifty day simple moving average of $12.98 and a 200 day simple moving average of $14.07. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The business had revenue of $129.70 million for the quarter, compared to the consensus estimate of $133.53 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. Smith & Wesson Brands’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. Sell-side analysts expect that Smith & Wesson Brands will post 0.47 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Lake Street Capital cut Smith & Wesson Brands from a “buy” rating to a “hold” rating and cut their price objective for the company from $18.00 to $13.00 in a report on Friday, December 6th. Craig Hallum downgraded shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating and cut their price target for the company from $18.00 to $13.00 in a report on Friday, December 6th.

About Smith & Wesson Brands

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.