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

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) announced a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Shareholders of record on Thursday, March 20th will be given a dividend of 0.13 per share on Thursday, April 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date is Thursday, March 20th.

Smith & Wesson Brands has increased its dividend payment by an average of 20.7% per year over the last three years.

Smith & Wesson Brands Stock Down 11.0 %

SWBI stock opened at $9.81 on Friday. Smith & Wesson Brands has a 12-month low of $9.17 and a 12-month high of $18.05. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The company has a market cap of $431.67 million, a price-to-earnings ratio of 12.58 and a beta of 1.09. The company has a 50 day moving average of $10.50 and a two-hundred day moving average of $12.10.

Smith & Wesson Brands (NASDAQ:SWBI) last released its earnings results on Thursday, March 6th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. The company had revenue of $115.89 million during the quarter, compared to the consensus estimate of $119.46 million. On average, equities analysts anticipate that Smith & Wesson Brands will post 0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. 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. Lake Street Capital cut their price target on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating on the stock in a report on Friday.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm’s brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.