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

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) declared a quarterly dividend on Thursday, March 6th, 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 5.28%. The ex-dividend date is Thursday, March 20th.

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

Smith & Wesson Brands Trading Down 1.9 %

NASDAQ SWBI opened at $9.85 on Tuesday. The company’s 50-day moving average price is $10.47 and its 200-day moving average price is $11.84. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The stock has a market cap of $433.43 million, a PE ratio of 12.63 and a beta of 1.09. Smith & Wesson Brands has a 12 month low of $9.17 and a 12 month high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $115.89 million for the quarter, compared to analysts’ expectations of $119.46 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. Equities research analysts forecast that Smith & Wesson Brands will post 0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SWBI shares. Lake Street Capital lowered their price objective on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating for the company in a research note on Friday, March 7th. Craig Hallum lowered shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $18.00 to $13.00 in a research note on Friday, December 6th.

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.