Smith & Wesson Brands Inc logo

SWBI - Smith & Wesson Brands Inc News Story

$20.82 -0.4  -1.7%

Last Trade - 2:36pm

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £741.0m
Enterprise Value £645.1m
Revenue £803.3m
Position in Universe 2960th / 7149

BUZZ-PREVIEW: Smith & Wesson slides heading into qtrly report

Thu 17th June, 2021 6:49pm
** Shares of Smith & Wesson Brands  SWBI.O  down 2.9% to
$19.95, extending WTD loss to ~6%, ahead of gun maker's fiscal
Q4 results due Thurs after the bell
    ** Analysts on avg expect SWBI's rev to increase 11.2% yr/yr
to $259.8 mln and adj EPS of $1.02 vs 57 cents in yr-ago qtr,
per Refinitiv IBES
    ** Firearms sales have surged since early 2020 amid the
COVID-19 pandemic, civil unrest and concerns of stricter gun
regulations under a new government
    ** 3 of 6 analysts covering SWBI rate stock "buy", rest are
neutral, per Refinitiv; median PT is $23, implying ~15% upside
to stock's current levels
    ** SWBI shares on Thurs hit session low of $19.55, just
below 50-DMA price of $19.61 (Refinitiv data)
    ** Stock now up 12% YTD vs NYSE Arca Defense index <.DFII)
gain of ~15% and Nasdaq's  .IXIC  10% advance

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))
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