Smith & Wesson Holding Corp (SWHC) Updates FY15 Earnings Guidance
Smith & Wesson Holding Corp (NASDAQ:SWHC) updated its FY15 earnings guidance on Thursday. The company provided earnings per share guidance of $1.30-140 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.44, AR Network reports. The company issued revenue guidance of $585-600 million, compared to the consensus revenue estimate of $621.07 million.Smith & Wesson Holding Corp also updated its Q1 guidance to $0.23-0.25 EPS.
Smith & Wesson Holding Corp (NASDAQ:SWHC) traded up 1.01% on Thursday, hitting $17.00. 2,570,475 shares of the company’s stock traded hands. Smith & Wesson Holding Corp has a 52 week low of $9.46 and a 52 week high of $17.28. The stock’s 50-day moving average is $15.92 and its 200-day moving average is $14.07. The company has a market cap of $934.1 million and a P/E ratio of 11.86.
Smith & Wesson Holding Corp (NASDAQ:SWHC) last released its earnings data on Thursday, June 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. The company had revenue of $170.40 million for the quarter, compared to the consensus estimate of $163.56 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts expect that Smith & Wesson Holding Corp will post $1.42 EPS for the current fiscal year.
A number of research firms have recently commented on SWHC. Analysts at Northland Securities raised their price target on shares of Smith & Wesson Holding Corp from $18.00 to $21.00 in a research note on Tuesday, June 10th. They now have an outperform rating on the stock. On a related note, analysts at Benchmark Co. raised their price target on shares of Smith & Wesson Holding Corp from $16.00 to $20.00 in a research note on Monday, June 2nd. They now have a buy rating on the stock. Finally, analysts at Wedbush upgraded shares of Smith & Wesson Holding Corp from a neutral rating to an outperform rating in a research note on Tuesday, May 20th. They now have a $7.00 price target on the stock, down previously from $20.00. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $16.83.
Smith & Wesson Holding Corporation (NASDAQ:SWHC) is a manufacturer of firearms.
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