Fri, Aug. 28, 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."
Thu, Aug. 27, 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.
- Press Release
Thu, Aug. 27, 4:15 PM
Wed, Aug. 26, 5:35 PM
Thu, Jun. 18, 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.
Thu, Jun. 18, 4:06 PM
Wed, Jun. 17, 5:35 PM
Tue, Mar. 3, 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.
Tue, Mar. 3, 4:20 PM
Mon, Mar. 2, 5:35 PM
Dec. 4, 2014, 4:55 PM
- Smith & Wesson (NASDAQ:SWHC) resumes trading after a halt, -3.9% AH after reporting better than expected FQ2 earnings and revenues but issuing downside guidance for FQ3 and FY 2015, as weaker demand for firearms continues to hurt the bottom line.
- For FQ3, SWHC expects EPS of $0.09-$0.11 vs. $0.20 analyst consensus estimate, and sees Q3 revenues of $113M-$118M vs. $129M consensus.
- For FY 2015, SWHC lowers EPS guidance to $0.66-$0.70 from prior $0.89-$0.94 vs. $0.89 consensus, and reduces its revenue outlook to $504M-$508M from prior $530M-$540M vs. $531M consensus.
- SWHC blames the 22% Y/Y decline in FQ2 revenues on lower consumer demand and competitors' excess inventory at distributor and retailer locations, which followed an earlier surge period when consumers purchased firearms in anticipation of possible restrictive regulations.
Dec. 4, 2014, 4:12 PM
Dec. 3, 2014, 5:35 PM
Nov. 21, 2014, 8:15 AM
Aug. 26, 2014, 4:16 PM
- Smith & Wesson (NASDAQ:SWHC) reports decreased sales of long guns contributed 87% of the company's FQ1 revenue tailoff.
- Gross margin rate -540 bps to 37.2% due in part to the shift in mix away from long guns.
- Operating expense ratio +320 bps to 17.7%.
- The company sees FY15 EPS of $0.89-$0.94 vs. $1.34 consensus.
- Shares of SWHC are under a trading halt.
Aug. 26, 2014, 4:08 PM
SWHC vs. ETF Alternatives
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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