Smith & Wesson reported Q1 EPS of $0.62 on revenue of $207 million, well ahead of analyst expectations of $0.53 and $198.1 million, respectively. Smith & Wesson Holding Corp (NASDAQ:SWHC) has risen 27.72% since February 1, 2016 and is uptrending. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The trading began at US$3.43 but the price moved to US$3.26 at one point during the session and finally capitulating to a session high of US$3.44. Following the completion of the transaction, the director now directly owns 36,975 shares in the company, valued at approximately $1,100,006.25. (NASDAQ:SWHC) opened at 27.69 on Monday.
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Smith & Wesson CFO Jeff Buchanan downplayed the relationship between NICS data and company guidance on yesterday’s investor conference call. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Capital One National Association who had been investing in Smith & Wesson Hldg Corp for a number of months, seems to be bullish on the $1.46B market cap company.
Gross margin for the quarter was 42.3% compared with 39.8% for the first quarter previous year. The disclosure for this sale can be found here. RBC Capital Markets downgraded it to “Sector Perform” rating and $23 target price in a December 9 report. Legal & General Group Plc increased its position in shares of Smith & Wesson Holding Corp.by 7.7% in the first quarter.
Smith & Wesson Holding Corp (NASDAQ:SWHC) has a 50 day moving average of 29.21 and a 200 day moving average of 25.82. Bank of Montreal Can bought a new position in shares of Smith & Wesson Holding Corp. during the second quarter valued at approximately $14,399,000. Finally, IFP Advisors Inc increased its position in shares of Smith & Wesson Holding Corp.by 25.9% in the first quarter. Over the same time span, the stock notched a high price of US$31.19 and its minimum level reached was US$16.33. Smith & Wesson Holding Corp.
The company recently released their financial results this past Thursday, on September 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.09. The company’s revenue was up 40.1% on a year-over-year basis. On average, analysts expect that Smith & Wesson Holding Corp. will post $2.48 earnings per share for the current year.
During the quarter, we announced the acquisition of Taylor Brands and Crimson Trace, two accretive acquisitions, making strong in-roads on our strategy to become a leader in the market for shooting, hunting, and rugged outdoor enthusiasts. The company’s Key Community Bank segment offers deposit and investment products; personal finance services and loans, counting residential mortgages, home equity, credit cards, and various installment loans for individuals; deposits, investment and credit products, and business advisory services to small businesses; and financial, estate and retirement planning, and asset administration services to high-net-worth clients.
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Executive Vice President, Jeffrey D. Buchanan added, “Strong gross margins in the quarter were driven by several factors, including increased production volumes in the firearms segment”.
