Wedbush Maintains an 'Outperform' on Smith & Wesson (SWHC); Sharp Rise in Order Backlog from Rising Firearms Sales
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Today's Overall Ratings:
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Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 20 | New: 20
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Wedbush maintains an 'Outperform' on Smith & Wesson Holding (NASDAQ: SWHC), PT $5.00.
Wedbush analyst says, "Q4 firearms sales growth of 13%, partially offset by a 26% decline in the smaller security business, drove revenues of $112 million versus our $111 million estimate. Double-digit firearms growth was driven by new product introductions, such as the Bodyguard line of pistols, repositioned polymer framed pistols, and tactical rifles. Improved gross margins were offset by increased SG&A expense, resulting in adjusted EPS coming in line with our forecast of $0.06."
"Revising estimates to reflect surging firearms demand and margin pressure.
We are raising our 2012 revenue estimate to $425 million from $421 million and lowering our EPS estimate to $0.27 from $0.37."
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 $3.00 yesterday.
Wedbush analyst says, "Q4 firearms sales growth of 13%, partially offset by a 26% decline in the smaller security business, drove revenues of $112 million versus our $111 million estimate. Double-digit firearms growth was driven by new product introductions, such as the Bodyguard line of pistols, repositioned polymer framed pistols, and tactical rifles. Improved gross margins were offset by increased SG&A expense, resulting in adjusted EPS coming in line with our forecast of $0.06."
"Revising estimates to reflect surging firearms demand and margin pressure.
We are raising our 2012 revenue estimate to $425 million from $421 million and lowering our EPS estimate to $0.27 from $0.37."
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 $3.00 yesterday.
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