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Smith & Wesson Holding Corp (NASDAQ:SWHC) issued an update on its FY15 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.89-0.94 for the period, compared to the Thomson Reuters consensus estimate of $0.92, Stock Ratings Network reports. The company issued revenue guidance of $530-540 million, compared to the consensus revenue estimate of $532.56 million.Smith & Wesson Holding Corp also updated its Q2 guidance to $0.04-0.08 EPS.

A number of research firms have recently commented on SWHC. 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 investment analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. Smith & Wesson Holding Corp currently has an average rating of Buy and a consensus price target of $15.92.

Smith & Wesson Holding Corp (NASDAQ:SWHC) opened at 11.05 on Wednesday. Smith & Wesson Holding Corp has a 52 week low of $10.25 and a 52 week high of $17.28. The stock has a 50-day moving average of $12.85 and a 200-day moving average of $14.17. The company has a market cap of $590.5 million and a price-to-earnings ratio of 8.25.

Smith & Wesson Holding Corp (NASDAQ:SWHC) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Smith & Wesson Holding Corp will post $0.92 EPS for the current fiscal year.

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

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