Smith & Wesson Holding Corporation

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  • Wed, Jan. 6, 8:19 AM
    • Smith & Wesson (NASDAQ:SWHC) is tracking back in early trading after Wedbush downgrades the stock to Neutral from Outperform. Wedbush thinks it's time to take profit on S&W after shares ran up 17% since President Obama teed up background check reform.
    • "While gun industry sales are clearly in 'surge' mode, it is difficult to discern just how much of these sales are in fact incremental to the industry versus pulled-forward demand, with plenty of historical examples of both," reads the Wdbush note.
    • SWHC -2.94% premarket to $25.10.
    | Wed, Jan. 6, 8:19 AM | 5 Comments
  • Tue, Jan. 5, 11:12 AM
    • Smith & Wesson (NASDAQ:SWHC) is up 12% on a huge volume spike to reach a post-IPO high.
    • The company lifted guidance last night and the gun debate has been raging this week with President Obama poised to take some executive action refinements to gun control regulations.
    • SWHC reached a high of $26.64.
    • Sturn Ruger (NYSE:RGR) is also ripping, up 7.1% to a 52-week high off the same enthusiasm that short-term gun and ammo demand could pick up.
    • Vista Outdoor (VSTO +4.9%) and Cabela's (CAB +1%) are also catching bids off the gun control focus, while rallies in Dick's Sporting Goods (DKS +1.3%), Hibbett Sports (HIBB +1.3%), and Sportsman's Warehouse (SPWH +2.6%) look more speculative based off the actual impact of gun sales on total revenue.
    • Previously: Obama set to roll out gun control actions today (Jan. 05 2016)
    • Previously: Smith & Wesson hikes guidance; shares +3.7% (Jan. 04 2016)
    | Tue, Jan. 5, 11:12 AM | 5 Comments
  • Tue, Jan. 5, 9:15 AM
    | Tue, Jan. 5, 9:15 AM | 3 Comments
  • Mon, Jan. 4, 6:10 PM
    • Smith & Wesson (NASDAQ:SWHC) now expects FQ3 revenue of $175M-$180M and EPS of $0.39-$0.41, above a consensus of $154.6M and $0.28. FY16 (ends April '16) guidance is now for revenue of $650M-$660M and EPS of $1.36-$1.41, above a consensus of $636.5M and $1.32.
    • SWHC, referring to itself in the third-person: "The company indicated that the sell-through rate of its products at distribution has been stronger than originally anticipated, resulting in reduced distributor inventories of its firearms. The company added that Adjusted National Instant Criminal Background Check System (NICS) data for the month of December, which serves as an indicator of consumer purchases, reflected strong growth versus December 2014."
    • Shares are up to $24.15 after hours. SWHC rose 5.9% in regular trading ahead of the guidance hike, joining rival Sturm Ruger in rallying amid news Pres. Obama is prepping executive actions related to gun control.
    | Mon, Jan. 4, 6:10 PM | 29 Comments
  • Mon, Jan. 4, 10:31 AM
    • Smith & Wesson (SWHC +6.1%) and Sturm Ruger (RGR +4%) are soaring in early trade with President Obama expected to take executive actions on gun control this week.
    • Separately, Texas on Saturday became the 45th state to allow open carry of firearms thanks to a new law that took effect.
    | Mon, Jan. 4, 10:31 AM
  • Dec. 14, 2015, 1:04 PM
    • Smith & Wesson (SWHC +1%) set a new all-time high of $23.95 today as investors continue to pile into the stock.
    • The rally coincides with gun control groups renewing their calls for legislation today on the three-year anniversary of the Sandy Hook school shooting.
    • Congress has been hesitant to enact any new gun laws, including a recent proposal to ban firearms to people on government lists suspected of having ties to terrorism. Most analysts think the status quo will hold until at least the next round of elections.
    • Sturm Ruger (RGR +1.3%) is also higher on the day, but is short of its 52-week high.
    | Dec. 14, 2015, 1:04 PM | 9 Comments
  • Dec. 7, 2015, 11:10 AM
    • Smith & Wesson (SWHC +5.8%) and Sturm Ruger (RGR +5.5%) are soaring following President Obama's Oval Office address on Sunday.
    • In the speech, Obama called for new firearm control measures, but didn't suggest any new military initiatives.
    • Smith & Wesson reports FQ2 results after the market close tomorrow.
    • Previously: Gun stocks on watch with Oval Office address (Dec. 06 2015)
    | Dec. 7, 2015, 11:10 AM | 5 Comments
  • 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. 28, 2015, 3:15 PM | 3 Comments
  • 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, 4:56 PM | 7 Comments
  • 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. 27, 2015, 4:15 PM | 2 Comments
  • Jul. 2, 2015, 5:36 PM
    | Jul. 2, 2015, 5:36 PM | 1 Comment
  • 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, 5:58 PM | 4 Comments
  • 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, 10:27 AM | 12 Comments
  • Apr. 15, 2015, 9:18 AM
    | Apr. 15, 2015, 9:18 AM
  • Mar. 12, 2015, 10:52 AM
    • A police shooting last night in Ferguson, Missouri appears to have prompted some buying in weapon stocks.
    • TASER International (NASDAQ:TASR) is up 3.7%, while Smith & Wesson (SWHC +2.4%) and Sturg, Ruger (RGR +2.5%) are also well-ahead of market averages.
    | Mar. 12, 2015, 10:52 AM | 3 Comments
  • Mar. 4, 2015, 9:13 AM
    | Mar. 4, 2015, 9:13 AM | 5 Comments
Company Description
Smith & Wesson Holding Corp manufactures firearms. It manufactures handguns, modern sporting rifles, hunting rifles, black powder firearms, handcuffs, and firearm-related products and accessories.