Smith & Wesson Brands, Inc. (SWBI) To Go Ex-Dividend on September 19th

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) announced a quarterly dividend on Thursday, September 5th, Zacks reports. Stockholders of record on Thursday, September 19th will be paid a dividend of 0.13 per share on Thursday, October 3rd. This represents a $0.52 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Thursday, September 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 41.3% indicating that its dividend is sufficiently covered by earnings.

Smith & Wesson Brands Price Performance

Shares of SWBI opened at $13.24 on Tuesday. The company has a 50 day moving average of $14.74 and a 200-day moving average of $15.75. The company has a quick ratio of 1.19, a current ratio of 3.54 and a debt-to-equity ratio of 0.28. Smith & Wesson Brands has a twelve month low of $11.32 and a twelve month high of $18.05. The stock has a market capitalization of $593.81 million, a P/E ratio of 15.40 and a beta of 1.01.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings data on Thursday, September 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $88.33 million for the quarter, compared to analyst estimates of $102.52 million. Smith & Wesson Brands had a return on equity of 9.20% and a net margin of 6.74%. The business’s revenue for the quarter was down 22.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share.

Wall Street Analyst Weigh In

Separately, Lake Street Capital increased their price target on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, June 21st.

Insider Transactions at Smith & Wesson Brands

In other news, Director Robert L. Scott sold 2,000 shares of Smith & Wesson Brands stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $14.80, for a total value of $29,600.00. Following the completion of the transaction, the director now directly owns 69,569 shares of the company’s stock, valued at approximately $1,029,621.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.99% of the company’s stock.

Smith & Wesson Brands Company Profile

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.