Todays Report: Today, Smith & Wesson Holding Corp. (SWHC) to Release Earnings on Thursday

Today, Smith & Wesson Holding Corp. (SWHC) to Release Earnings on Thursday

Smith & Wesson Holding Corp. (NASDAQ:SWHC) is scheduled to announce its Q217 earnings results on Thursday, December 1st. Analysts expect the company to announce earnings of $0.55 per share and revenue of $227.07 million for the quarter. Smith & Wesson Holding Corp. has set its Q2 guidance at $0.53-0.57 EPS and its FY17 guidance at $2.38-2.48 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last announced its quarterly earnings results on Thursday, September 1st. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.09. The business had revenue of $207 million for the quarter. Smith & Wesson Holding Corp. had a return on equity of 42.17% and a net margin of 14.34%. The firm’s revenue for the quarter was up 40.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 earnings per share. On average, analysts expect Smith & Wesson Holding Corp. to post $2.43 EPS for the current fiscal year and $2.16 EPS for the next fiscal year.

Shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) opened at 23.88 on Tuesday. The stock’s 50 day moving average price is $25.29 and its 200-day moving average price is $26.37. Smith & Wesson Holding Corp. has a 12 month low of $18.14 and a 12 month high of $31.19. The firm has a market capitalization of $1.34 billion, a PE ratio of 12.01 and a beta of 0.85.

In related news, Director Isabell Marie Wadecki sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $28.50, for a total value of $185,250.00. Following the completion of the transaction, the director now owns 35,686 shares in the company, valued at approximately $1,017,051. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mitchell A. Saltz sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $25.35, for a total transaction of $76,050.00. Following the completion of the transaction, the director now owns 6,914 shares of the company’s stock, valued at approximately $175,269.90. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Seven Eight Capital LLC bought a new position in Smith & Wesson Holding Corp. during the second quarter valued at $110,000. BlackRock Japan Co. Ltd bought a new position in Smith & Wesson Holding Corp. during the second quarter valued at $124,000. BlackRock Inc. boosted its position in Smith & Wesson Holding Corp. by 21.4% in the second quarter. BlackRock Inc. now owns 5,759 shares of the company’s stock valued at $157,000 after buying an additional 1,014 shares during the period. Clinton Group Inc. bought a new position in Smith & Wesson Holding Corp. during the third quarter valued at $276,000. Finally, Cetera Advisor Networks LLC boosted its position in Smith & Wesson Holding Corp. by 15.9% in the third quarter. Cetera Advisor Networks LLC now owns 10,385 shares of the company’s stock valued at $276,000 after buying an additional 1,421 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

A number of equities research analysts recently weighed in on SWHC shares. Craig Hallum lifted their target price on Smith & Wesson Holding Corp. from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Wedbush reissued a “neutral” rating and set a $29.00 target price (up from $23.00) on shares of Smith & Wesson Holding Corp. in a research report on Friday, August 26th. Wunderlich lifted their target price on Smith & Wesson Holding Corp. from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Sunday, August 28th. Vetr raised Smith & Wesson Holding Corp. from a “buy” rating to a “strong-buy” rating and set a $32.14 target price on the stock in a research report on Wednesday, August 31st. Finally, Cowen and Company reissued an “outperform” rating and set a $34.00 target price on shares of Smith & Wesson Holding Corp. in a research report on Sunday, September 4th. Nine investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Smith & Wesson Holding Corp. currently has an average rating of “Hold” and an average price target of $27.71.

About Smith & Wesson Holding Corp.

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