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Smith & Wesson Holding Corp (NASDAQ:SWHC) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.04-0.08 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.07, AmericanBankingNews.com reports. The company issued revenue guidance of $100-110 million, compared to the consensus revenue estimate of $105.82 million.Smith & Wesson Holding Corp also updated its FY15 guidance to $0.89-0.94 EPS.

SWHC has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Smith & Wesson Holding Corp from a neutral rating to an underperform rating in a research note on Friday, August 29th. They now have a $10.60 price target on the stock. On a related note, analysts at Cowen and Company cut their price target on shares of Smith & Wesson Holding Corp from $20.50 to $16.00 in a research note on Wednesday, August 27th. Finally, analysts at KeyCorp reiterated an underweight rating on shares of Smith & Wesson Holding Corp in a research note on Wednesday, August 27th. They now have a $10.00 price target on the stock, down previously from $11.00. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of Buy and an average target price of $15.92.

Smith & Wesson Holding Corp (NASDAQ:SWHC) opened at 11.05 on Wednesday. Smith & Wesson Holding Corp has a 1-year low of $10.25 and a 1-year high of $17.28. The stock’s 50-day moving average is $12.85 and its 200-day moving average is $14.17. The company has a market cap of $590.5 million and a P/E ratio of 8.25.

Smith & Wesson Holding Corp (NASDAQ:SWHC) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.01. The company had revenue of $131.90 million for the quarter, compared to the consensus estimate of $133.93 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was down 22.9% on a year-over-year basis. On average, analysts predict that Smith & Wesson Holding Corp will post $0.92 earnings per share for the current fiscal year.

Smith & Wesson Holding Corporation (NASDAQ:SWHC) is a manufacturer of firearms.

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