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Smith & Wesson Brands, a renowned firearms manufacturer listed on NASDAQ under the ticker symbol SWBI, is all set to unveil its latest quarterly earnings report on September 7, 2023. As per industry analysts, the projected earnings per share (EPS) for Smith & Wesson Brands stands at $0.05. Notably, in the previous quarter, the company exceeded expectations by $0.05 per share, resulting in a remarkable 20.2% surge in the stock price on the subsequent day. The optimistic investors, commonly referred to as Smith & Wesson Brands bulls, are eagerly anticipating the company’s announcement.
They hope to hear not only that the company has surpassed the estimated EPS but also that it will provide a positive outlook for the upcoming quarter. It is worth noting that while earnings beat or miss can have an impact on stock prices, it is often the guidance or forecast provided by the company that has the most significant influence. Smith & Wesson Brands, Inc.
SWBI Buy Updated on: 06/09/2023 Financial Health Healthy Debt to equity ratio: Neutral Price to earnings ratio: Strong Buy Price to book ratio: Strong Buy DCF: Strong Buy ROE: Neutral Show more Price Target Current $10.84 Concensus $22.00 Low $22.00 Median $22.00 High $22.00 Show more Social Sentiments 0 Twitter Sentiment 0.5 Stocktwits Sentiment Show more Analyst Ratings Analyst / firm Rating Lake Street Buy Show more SWBI Stock Analysis: Positive Earnings Growth and Future Potential On September 6, 2023, SWBI stock opened at $11.37 with a previous close of $11.26.
Throughout the day, the stock traded within a range of $10.96 to $11.37. The trading volume for the day was 7,143 shares. SWBI has a market capitalization of $539.4 million. The company’s performance in terms of earnings growth has been mixed, with a decline of -80.47% last year and a positive growth of +3.55% this year.
Looking ahead, SWBI is projected to have a strong earnings growth of +15.00% over the next five years. The revenue growth for SWBI in the previous year was -44.54%. The price-to-earnings (P/E) ratio for SWBI is 13.7, the price/sales ratio is 1.16, and the price/book ratio is 1.40. On September 6, 2023, the stock experienced a decrease of -0.38, or -0.75%.
SWBI operates in the Electronic Technology sector and is part of the Aerospace & Defense industry. The company is headquartered in Springfield, Massachusetts. The next reporting date for SWBI is scheduled for September 8, 2023, with analysts forecasting an earnings per share (EPS) of $0.09 for the current quarter.
Overall, SWBI’s stock performance on September 6, 2023, showed a slight decline, but the positive earnings growth this year and projected future growth suggest potential for long-term success. Smith & Wesson Brands Inc (SWBI): Strong Financial Position and Potential for Growth in the Firearms Industry Smith & Wesson Brands Inc (SWBI) is a well-known firearms manufacturer in the United States.
On September 6, 2023, the stock had a last price of $10.97. According to three analysts offering 12-month price forecasts, the median target for SWBI stock is $13.50, with a high estimate of $20.00 and a low estimate of $12.00. This indicates a potential increase of 23.06% from the last price. The current consensus among two polled investment analysts is to buy stock in Smith & Wesson Brands Inc.
This rating has remained steady since June, indicating a sustained positive outlook for the company. Smith & Wesson Brands Inc reported earnings per share of $0.09 for the current quarter and generated sales of $100.9 million during this period. These figures highlight the company’s strong financial position and its ability to generate revenue. Investors should pay attention to Smith & Wesson Brands Inc as it continues to perform well in the firearms industry.
The company’s stock has the potential for growth, as indicated by the analysts’ price forecasts. With a consensus recommendation to buy the stock, investors may find it a favorable investment opportunity. Investors should conduct thorough research and consider their risk tolerance before making any investment decisions.
