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Oct. 2, 2015, 4:05 AM
- Gun-related stocks don't seem to have been too affected by the mass shooting at a community college in the Oregon town of Roseburg, where a gunman murdered nine people and injured seven before police shot him to death.
- President Barack Obama and presidential candidate Hillary Clinton called for gun-control laws following the shooting, although Obama's previous attempts to pass changes have mostly foundered in Congress.
- Smith & Wesson (NASDAQ:SWHC) fell 1.4% in ordinary trading but rose 0.4% after the bell, while Cabela's (NYSE:CAB) dropped 3.05%, Strum Ruger (NYSE:RGR) slipped 2.1% but rebounded after hours and Sportsman's Warehouse (NASDAQ:SPWH) fell 1.2%.
Aug. 28, 2015, 3:15 PM
- Smith and Wesson (NASDAQ:SWHC) is up 11.3%, and hitting its highest point since the 2007 crisis, after a strong earnings report yesterday where it raised its outlook for the year.
- Analysts have come in with higher price targets: Wunderlich raised to $21 from $19, Lake Street Capital raised to $24 from $21, and Dougherty & Co. raised to $19, from $17.50. SWHC shares are trading currently at $18.05; they were last at this level in October 2007.
- Cowen reiterated its Outperform rating and $20 target on the shares. "Q1's impressive beat and raise suggests a clear turn in SWHC's underlying demand, consistent with firming NICS data in recent months," said analyst Cai Rumohr. "Selling for 6.4x FY16E EBITDA, SWHC has modest downside with increased potential to rerate upward now that momentum is positive."
Aug. 27, 2015, 4:56 PM
- Smith & Wesson Holding Co. (NASDAQ:SWHC) is hot after hours, +7.2%, following its fiscal Q1 earnings report. The firearm maker beat earnings expectations soundly and raised guidance on revenue and income for the year.
- Gross margin was 39.8%, up from the prior year's 37.2%. GAAP income was nearly flat, though on a non-GAAP basis, net income was up nearly 19% to $17.7M.
- "Strong gross margins in the quarter were driven by a number of factors, including favorable standard margins in the accessories division and increased production volumes in the firearms division," said CFO Jeff Buchanan.
- Revenue breakout: Firearms division, $134.4M (up 1.9%); Accessories division, $13.3M (up 29.9%), boosted by the acquisition of Battenfeld Technologies in December.
- It raised guidance for full-year revenues to $610M-$620M (vs. an expected $612.7M), and for non-GAAP EPS of $1.14-$1.19, vs. an expected $1.07. For Q2, it's guiding to revenues of $135M-$140M (vs. expected $130.3M) and EPS of $0.19-$0.21 (high of a consensus $0.14).
- Conference call to come at 5 p.m. ET.
Aug. 27, 2015, 4:15 PM
- Smith & Wesson Holding (NASDAQ:SWHC): FQ1 EPS of $0.32 beats by $0.10.
- Revenue of $147.76M (+12.2% Y/Y) beats by $5M.
- Shares +5.4%.
Aug. 26, 2015, 5:35 PM
Aug. 26, 2015, 1:09 PM
- Smith & Wesson (NASDAQ:SWHC) and Ruger Storm (NYSE:RGR) trade higher than market averages on solid volume following the tragic shooting of two TV journalists in Virginia early this morning.
- Gun stocks have rallied in the past after gun-related incidents on speculation demand will increase ahead of potential tightening of regulations.
- SWHC +2.2% and RGR +3.8%.
Jul. 2, 2015, 5:36 PM
Jun. 25, 2015, 5:26 PM
- Smith & Wesson's (NASDAQ:SWHC) new buyback lasts until June 2017, and follows a $30M buyback launched last year. It's good for repurchasing 5.5% of shares at current levels.
- Separately, the gun maker has announced the addition of Greg Gluchowski, currently the head of Spectrum Brands' Hardware & Home Improvement division, to its board.
- SWHC +1.2% AH to $16.91.
Jun. 19, 2015, 7:14 AM
- RBC Capital upgrades Smith & Wesson (NASDAQ:SWHC) after taking in the company's Q1 report.
- The investment firm lifted the gun stock to an Outperform rating from Sector Perform and set a price target of $21.
- Previously: Smith & Wesson Holding beats by $0.10, beats on revenue (Jun. 18 2015)
- Previously: Smith & Wesson -3.7% AH on soft outlook (Jun. 18 2015)
- SWHC -1.55% premarket to $15.85.
Jun. 18, 2015, 5:58 PM
- Smth & Wesson (NASDAQ:SWHC) -3.7% AH after beating FQ4 earnings and revenue expectations but issuing downside guidance for FQ1.
- SWHC now sees adjusted FQ1 EPS of $0.21-$0.23 vs. $0.28 analyst consensus estimate, and revenues of $140M-$145M vs. $146.5M consensus.
- For FY 2016 ending April 30, 2016, SWHC forecasts adjusted EPS of $1.02-$1.07 and revenues of $605M-$615M, vs. analyst expectations for EPS of $1.04 and revenues of $601M.
- FQ4 sales in the firearm division totaled $166M, down 2.4% Y/Y; full-year firearm revenues fell 15% Y/Y to $531M, which CFO Jeff Buchanan says reflected a return to a more normal consumer firearm market following the earlier surge, but says inventories fell by $20M during the quarter.
Jun. 18, 2015, 4:06 PM
- Smith & Wesson Holding (NASDAQ:SWHC): FQ4 EPS of $0.45 beats by $0.10.
- Revenue of $180.99M (+6.2% Y/Y) beats by $5.5M.
Jun. 17, 2015, 5:35 PM
Jun. 2, 2015, 3:31 PM
- Firearm background checks rose 4.7% in May to 918,707 on an adjusted basis, according to data from the National Instant Criminal Background Check System.
- Background checks for firearms had dropped in both March and April.
- Gun stocks and firearms retailers are higher off the development.
- Related stocks: Smith & Wesson (SWHC +1.7%), Cabela's (CAB +1.2%), Sturm Ruger (RGR +1.5%), Sportsman's Warehouse (SPWH +2.7%).
Apr. 15, 2015, 10:27 AM
- Smith & Wesson (SWHC +14.6%) flies higher after updating its expectations for Q4 and FY2015 due to strong orders in its latest quarter.
- Outlook for Q4: Net sales of $175M-$179M and adjusted earnings per share of $0.39-$0.41.
- Outlook for 2015: Net sales of $546M-$550M and adjusted earnings per share of $0.96-$0.98.
Apr. 15, 2015, 9:18 AM
Mar. 12, 2015, 10:52 AM
Smith & Wesson Holding Corp manufactures firearms. It manufactures handguns, modern sporting rifles, hunting rifles, black powder firearms, handcuffs, and firearm-related products and accessories.
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