SWBI Stock Recent News

Maryville, Tennessee--(Newsfile Corp. - November 21, 2023) - Smith & Wesson Brands, Inc. (NASDAQ: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced it plans to release its second quarter fiscal 2024 financial results on Thursday, December 7, 2023, after the close of the market. The full text of the press release will be available on the Smith & Wesson Brands, Inc. web site at www.smith-wesson.com under the Investor Relations section.

From a long-term perspective and even under a conservative set of assumptions SWBI should prove a profitable investment. But the latest downturn in firearm background checks with still elevated inventory levels increases the possibility of disappointments for the next two quarters. With those short-term headwinds and the stock trading near 52 weeks high there should be some better entry points in a couple of months.

The stock market is testing the mettle of investors. Over the past three years, wild swings on Wall Street have ruled the day.

Shares of Smith & Wesson Brands Inc. SWBI rose more than 8% in the extended session Thursday after the gun maker reported a 35% jump in sales in its fiscal 2024 first quarter, and said it expects more ahead of the busier fall season. Smith & Wesson earned $3.1 million, or 7 cents a share, in the quarter, compared with $3.3 million, or also 7 cents a share, in the year-ago period.

Springfield, Massachusetts--(Newsfile Corp. - August 24, 2023) - Smith & Wesson Brands, Inc. (NASDAQ: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced it plans to release its first quarter fiscal 2024 financial results on Thursday, September 7, 2023, after the close of the market. The full text of the press release will be available on the Smith & Wesson Brands, Inc. web site at www.smith-wesson.com under the Investor Relations section.

Shares of Smith & Wesson Brands NASDAQ: SWBI are advancing by as much as 6.6% in the after-market hours of Thursday evening; the sudden pop in the stock comes amid the company reporting its quarterly earnings results. Despite posting some slowdowns, investors are still looking to Smith & Wesson as one of the stable and reliable cash-flowing businesses that typically command higher valuations during a questionable economic cycle like todays.

Shares of Smith & Wesson Brands Inc. SWBI, -3.93% on Thursday rose after hours after the gun maker reported fiscal fourth-quarter results that topped expectations and said its board approved a 20% dividend hike. The company reported net income of $12.8 million, or 28 cents a share, compared with $36.1 million, or 79 cents a share, in the same quarter last year.

Springfield, Massachusetts--(Newsfile Corp. - June 8, 2023) - Smith & Wesson Brands, Inc. (NASDAQ: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced it plans to release its fourth quarter and full fiscal 2023 financial results on Thursday, June 22, 2023, after the close of the market. The full text of the press release will be available on the Smith & Wesson Brands, Inc. web site at www.smith-wesson.com under the Investor Relations section.

In a market dominated by a handful of companies, Smith & Wesson has a strong position. They are very efficient in their use of capital and invest for the long term, which can lead to astonishing returns for shareholders.

I've been writing about players in the firearms industry for a number of years, though mostly focused on one specific firm. Today, I'm going to look at Smith & Wesson. The company is the nation's (USA) largest firearms manufacturer found in Springfield, MA.