KeyBanc Reiterates a 'Buy' on Smith & Wesson Holding (SWHC); Fiscal 3Q11 Earnings Preview

March 8, 2011 8:18 AM EST
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Price: $21.08 --0%

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    Up: 11 | Down: 22 | New: 54
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KeyBanc reiterates a 'Buy' on Smith & Wesson Holding (NASDAQ: SWHC), PT $35.

KeyBanc analyst says, "Bottom line, in the wake of several positive industry data points recently, we have a positive bias on upcoming results as well as what we believe will be a more upbeat near-term outlook, which should enhance what we already view as an attractive long-term story. SWHC is scheduled to report fiscal 3Q11 earnings on Thursday, March 10 after the market close. For the quarter, we are in line with the First Call estimate at $0.00 per share vs. adjusted earnings of $0.02 per share on revenue of $98 million (+9.7%), modestly above the First Call estimate of $96.6 million, compared to company guidance of $94 million-$99 million."

For more ratings news on Smith & Wesson Holding click here and for the rating history of Smith & Wesson Holding click here.

Shares of Smith & Wesson Holding closed at $3.86 yesterday.

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