Smith & Wesson Trims Outlook

Smith & Wesson Trims Outlook

Wedbush restated a "neutral" rating and issued a $29.00 price target (up from $23.00) on shares of Smith & Wesson Holding a research note on Friday, August 26th. The stock finished near the middle of a 3-week range. (NASDAQ:SWHC) last posted its earnings results on Thursday, September 1st. The business had revenue of $207 million for the quarter. A Director in the company, Golden Michael F, on Friday November 04, 2016 collected $1,463,400 from the sale of 54,200 shares at a per-share price of $28.5. Considering the earnings reaction history, The Company has topped 83% percentage.

During a question-and-answer session, Cowen analyst Cai von Rumohr noted that firearms sales have been "quite volatile under [President] Obama" and asked what kind of sales trends the company sees under a Trump presidency. SWHC attains analyst recommendation of 2.60 on scale of 1-5 with week's performance of -2.83%.

Estimize earnings estimates for Smith & Wesson have been closer to the actual reported number than Wall Street consensus estimates in each of the past seven quarters.

While Black Friday numbers clearly won't influence Smith & Wesson's second-quarter earnings figures tomorrow evening, it could have an impact on guidance.

In terms of the guidance for the coming quarter, the company expects EPS in the range of $0.52 to $0.57 and revenues in the range of $230 million to $240 million. The stock price is going above to its 52 week low with 114.04% and lagging behind from its 52 week high with -44.80%.

According to ZACKS data, different Brokerage Firms rated GST stock about their BUY, SELL or HOLD recommendations.

Having a glance at growth estimates of the company, it has current quarter growth estimates of 124.00%.

Smith & Wesson Holding Corporation (NASDAQ:SWHC) soared 9.19% year-to-date. Dimensional Fund Advisors LP now owns 1,830,961 shares of the company's stock worth $49,764,000 after buying an additional 43,956 shares during the last quarter. The company's stock is moving with the distance from SMA 50 of -8.79 Percent while the distance from 200-day simple moving average for the stock is -9.76 percent. Over the last 3 months and over the last 6 months, the shares of Smith & Wesson Holding Corporation (SWHC), have changed -18.86% and -2.44%, respectively. The EPS for the most recent quarter is 0.62. The stock lost nearly -18.9% in price since last earning report, when its share price was $29.58. Considering the earnings reaction history, The Company has topped 100% percentage. The company posted a positive surprise factor of 25.00% by 0.05.

Gunmaker Smith & Wesson announced net sales of $233.5 million in the second quarter of its fiscal year, a 63 percent jump from the $143.2 million in quarterly net sales in the same time period a year ago. This showed the surprise of 17% in the last quarter earnings.

At the moment 6 analysts are watching Smith & Wesson Holding Corporation (NASDAQ:SWHC), 0 rate it "Buy", 2 "Outperform", 4 "Underperform", 0 "Sell", while 0 "Hold". The stock stands almost -23.05% off versus the 52-week high and 32.3% away from the 52-week low.

Smith & Wesson Holding Corp. has a 12-month low of $18.14 and a 12-month high of $31.19.