Revenue Update on Smith & Wesson Holding Corp(NASDAQ:SWHC)

Smith & Wesson Holding Corp(NASDAQ:SWHC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jun 16, 2016. Company reported revenue of $221.12M. Analysts estimated a revenue of $213.72M. Earnings per share were $0.66. Analysts had estimated an EPS of $0.54.

In a different note, On Apr 4, 2016, Cowen & Company said it Downgrades its rating on Smith & Wesson Holding Corp. The shares have been rated ‘Market Perform’ by the firm. On Apr 4, 2016, BB&T Capital said it Downgrades its rating on Smith & Wesson Holding Corp. The shares have been rated ‘Hold’ by the firm. On Apr 4, 2016, CL King said it Downgrades its rating on Smith & Wesson Holding Corp. The shares have been rated ‘Neutral’ by the firm.

Smith & Wesson Holding Corp (SWHC) made into the market gainers list on Tuesdays trading session with the shares advancing 2.27% or 0.55 points. Due to strong positive momentum, the stock ended at $24.76, which is also near the day’s high of $24.84. The stock began the session at $24.3 and the volume stood at 28,14,425 shares. The 52-week high of the shares is $30.44 and the 52 week low is $14.71. The company has a current market capitalization of $1,387 M and it has 5,59,98,795 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Apr 27, 2016, Mark Peter Smith (officer ) sold 3,876 shares at $22.35 per share price.Also, On Mar 23, 2016, Robert L Scott (director) sold 10,000 shares at $28.87 per share price.On Mar 23, 2016, Isabell Marie Wadecki (director) sold 10,000 shares at $28.86 per share price, according to the Form-4 filing with the securities and exchange commission.

Smith & Wesson Holding Corporation is a manufacturer of firearms. The Company manufactures an array of handguns including revolvers and pistols; long guns including modern sporting rifles bolt action rifles and single shot rifles; handcuffs and firearm-related products and accessories. The Company operates through two segments: firearms and accessories. The firearm segment consists of products and services manufactured and sold from its Springfield Massachusetts; Houlton Maine and Deep River Connecticut facilities which includes firearms handcuffs and other related products. The Company sells the products through a distribution chain and direct sales to consumers and international state and federal Governments. The accessories segment consists of hunting and shooting accessories developed and marketed from its Columbia Missouri facility. The Company also provides shooting reloading gunsmithing and gun cleaning supplies.

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