The Smith & Wesson Holding Corporation (AOBC) Issues FY17 Earnings Guidance

The Smith & Wesson Holding Corporation (AOBC) Issues FY17 Earnings Guidance

Smith & Wesson Holding Corporation (NASDAQ:AOBC) updated its FY17 earnings guidance on Wednesday. The company provided EPS guidance of $2.42-2.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.47. The company issued revenue guidance of $920-930 million, compared to the consensus revenue estimate of $924.10 million.Smith & Wesson Holding Corporation also updated its Q3 guidance to $0.52-0.57 EPS.

A number of brokerages have commented on AOBC. Wedbush restated a neutral rating on shares of Smith & Wesson Holding Corporation in a research note on Wednesday. Forward View restated a buy rating and set a $25.00 price target on shares of Smith & Wesson Holding Corporation in a research note on Sunday, January 8th.

Smith & Wesson Holding Corporation (NASDAQ:AOBC) opened at 20.46 on Thursday. Smith & Wesson Holding Corporation has a 52 week low of $19.96 and a 52 week high of $31.19. The company has a market cap of $1.15 billion, a PE ratio of 8.61 and a beta of 0.75. The firm’s 50-day moving average is $21.30 and its 200-day moving average is $25.81.

In other news, insider P. James Debney acquired 10,000 shares of the stock in a transaction dated Tuesday, January 10th. The shares were bought at an average cost of $20.99 per share, for a total transaction of $209,900.00. Following the purchase, the insider now directly owns 358,272 shares of the company’s stock, valued at $7,520,129.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.94% of the company’s stock.

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