Smith & Wesson Holding Corp (SWHC) reported quarterly earnings results on Thursday, Sep-1-2016. The company said it had a profit of $0.62 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.54. The company posted revenue of $207.00 million in the period, compared to analysts expectations of $198.31 million. The company’s revenue was up 40.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on Smith & Wesson Holding Corp. Company shares were Reiterated by Craig Hallum on Aug 1, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .Company shares were Reiterated by Wunderlich on Jul 18, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $32 .Company shares were Upgraded by Craig Hallum on Jun 17, 2016 to ” Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .
Smith & Wesson Holding Corp opened for trading at $28.91 and hit $29.82 on the upside on Monday, eventually ending the session at $29.43, with a gain of 2.05% or 0.59 points. The heightened volatility saw the trading volume jump to 19,00,335 shares. Company has a market cap of $1,648 M.
In a different news, on Jul 11, 2016, John B Furman (director) sold 19,679 shares at $29.75 per share price. According to the SEC, on Jul 5, 2016, Mark Peter Smith (officer ) sold 21,507 shares at $27.07 per share price. On Jul 5, 2016, Robert J. Cicero (officer ) sold 20,386 shares at $27.07 per share price, according to the Form-4 filing with the securities and exchange commission.
Smith & Wesson Holding Corporation is a manufacturer of firearms. The Company manufactures an array of handguns including revolvers and pistols; long guns including modern sporting rifles bolt action rifles and single shot rifles; handcuffs and firearm-related products and accessories. The Company operates through two segments: firearms and accessories. The firearm segment consists of products and services manufactured and sold from its Springfield Massachusetts; Houlton Maine and Deep River Connecticut facilities which includes firearms handcuffs and other related products. The Company sells the products through a distribution chain and direct sales to consumers and international state and federal Governments. The accessories segment consists of hunting and shooting accessories developed and marketed from its Columbia Missouri facility. The Company also provides shooting reloading gunsmithing and gun cleaning supplies.