Wedbush Raises PT and Estimates on Smith & Wesson Holding (SWHC); Go Ahead, Make My Day (and Quarter)
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Price: $9.85 +1.13%
Rating Summary:
2 Buy, 6 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
2 Buy, 6 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade SWHC Now!
Wedbush maintains an 'Outperform' on Smith & Wesson Holding (NASDAQ: SWHC) price target of $11.00 (from $10.00).
Analyst, Rommel Dionisio, said, "Impressive Q1 upside surprise; management increases FY13 guidance on strong momentum...Sharp margin improvement driven by operating leverage...Industry demand surge continued into early Q2...Raising estimates on stronger-than-expected momentum. On accelerating industry demand, we are raising our FY13 forecasts for revenue to $540 million from $500 million, and for EPS to $0.90 from $0.63. We are also initiating FY14 forecasts for revenue growth of 5%, driven by expected market share gains from new product launches, and EPS of $0.97, which assumes modest 40 basis point operating margin expansion due to greater operating leverage from rising sales."
For an analyst ratings summary and ratings history on Smith & Wesson Holding click here. For more ratings news on Smith & Wesson Holding click here.
Shares of Smith & Wesson Holding closed at $9.00 yesterday, with a 52 week range of $2.29-$10.25.
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Analyst, Rommel Dionisio, said, "Impressive Q1 upside surprise; management increases FY13 guidance on strong momentum...Sharp margin improvement driven by operating leverage...Industry demand surge continued into early Q2...Raising estimates on stronger-than-expected momentum. On accelerating industry demand, we are raising our FY13 forecasts for revenue to $540 million from $500 million, and for EPS to $0.90 from $0.63. We are also initiating FY14 forecasts for revenue growth of 5%, driven by expected market share gains from new product launches, and EPS of $0.97, which assumes modest 40 basis point operating margin expansion due to greater operating leverage from rising sales."
For an analyst ratings summary and ratings history on Smith & Wesson Holding click here. For more ratings news on Smith & Wesson Holding click here.
Shares of Smith & Wesson Holding closed at $9.00 yesterday, with a 52 week range of $2.29-$10.25.
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