Smith & Wesson Holding Corporation (SWHC) - NASDAQ
  • 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
  • Mar. 3, 2015, 5:36 PM
    | Mar. 3, 2015, 5:36 PM | 2 Comments
  • Mar. 3, 2015, 4:26 PM
    • Smith & Wesson (NASDAQ:SWHC) reports firearm sales fell 14.7% Y/Y to $124.5M in FQ3.
    • Demand for long guns was off 40%.
    • The company's gross margin rate declined 660 bps to 33.6% on the volume slide and some promotional activity.
    • Operating expenses rate +260 bps to 21.5%.
    • Guidance: S&W see revenue of $532M-$536M vs. $527M consensus and EPS of $0.75-$0.77 for FY15.
    • SWHC +8.8% after hours after shedding 4.3% during the daily session.
    | Mar. 3, 2015, 4:26 PM | 2 Comments
  • Mar. 3, 2015, 4:20 PM
    • Smith & Wesson Holding (NASDAQ:SWHC): FQ3 EPS of $0.15 beats by $0.04.
    • Revenue of $130.6M (-10.5% Y/Y) beats by $7.28M.
    • Shares +9.3%.
    | Mar. 3, 2015, 4:20 PM | 3 Comments
  • Jan. 23, 2015, 10:18 AM
    • Smith & Wesson (SWHC +1.3%) is upgraded by Dougherty & Co. to a Buy rating from Neutral.
    • The investment firm gives the gun manufacturer a price target of $15.
    • A cycle of retailer destocking is expected to reverse itself this year as the market normalizes.
    | Jan. 23, 2015, 10:18 AM
Company Description
Smith & Wesson Holding Corp. engages in the manufacture of firearms. Its products include handguns, long guns, handcuffs, and firearm-related products and accessories for sale to a wide variety of customers, including gun enthusiasts, collectors, hunters, sportsmen, competitive shooters,... More
Industry: Aerospace/Defense Products & Services
Country: United States