What Market views are telling to dormant Investors? Smith & Wesson Brands, Inc. (NASDAQ: SWBI)

Smith & Wesson Brands, Inc. stock identified change of 204.44% away from 52-week low price and recently located move of -6.92% off 52-week high price. It has market worth of $950.98M. SWBI stock has been recorded 58.60% away from 50 day moving average and 88.24% away from 200 day moving average. Moving closer, we can see that shares have been trading 31.05% off 20-day moving average.

Smith & Wesson Brands, Inc. (SWBI) recently reported financial results for the fourth quarter and full year fiscal 2020, ended April 30, 2020.

Fourth Quarter Fiscal 2020 Financial Highlights

Quarterly net sales were $233.6M contrast with $175.7M for the fourth quarter last year, a raise of 32.9%.  It should be noted that a change required by the Tax and Trade Bureau related to the timing of federal excise tax assessment within the company’s Firearms section favorably influenced net sales in the quarter by $16.7M.  That change had no impact on gross margin dollars or operating expenses.

Gross margin for the quarter was 34.8% contrast with 36.1% for the comparable quarter last year. Not Including the change related to the timing of federal excise tax within the company’s Firearms section, gross margin for the quarter would have been 37.5%, or a raise of 140 basis points over the comparable quarter last year.

Quarterly GAAP net loss was $(66.1M), or $(1.20) per diluted share, contrast with GAAP net income of $9.8M, or $0.18 per diluted share, for the comparable quarter last year. During the quarter, the company’s Outdoor Products & Accessories section was negatively influenced by several factors related to the COVID-19 pandemic, constituting a triggering event under Accounting Standards Codification No. 350, Intangible-Goodwill and Other (ASC 350), requiring the company to take a $98.7M, non-cash impairment charge in its Outdoor Products & Accessories section. Results for the recent quarter include the non-cash impairment charge, which had a $(1.79) impact on basic and diluted earnings per share.

Quarterly non-GAAP net income was $31.9M, or $0.57 per diluted share, contrast with $14.2M, or $0.26 per diluted share, for the comparable quarter last year. GAAP to non-GAAP adjustments for net income exclude a non-cash impairment of goodwill in the Outdoor Products & Accessories section as well as costs related to the planned spin-off of that section, COVID-19 related expenses, and other costs. For a detailed reconciliation, see the schedules that follow in this release.

Quarterly non-GAAP Adjusted EBITDAS was $56.4M, or 24.1% of net sales, contrast with $31.9M, or 18.1% of net sales, for the comparable quarter last year. Not Including the change related to the timing of federal excise tax, non-GAAP Adjusted EBITDAS for the quarter would have been 26.0%.

Full Year Fiscal 2020 Financial Highlights

Full year net sales were $678.4M contrast with $638.2M last year, a raise of 6.3% from the previous year.  The change related to the timing of federal excise tax favorably influenced net sales in the year by $37.5M.  That change had no impact on gross margin dollars or operating expenses.

Gross margin for the year was 34.6% contrast with 35.4% last year. Not Including the change related to the timing of federal excise tax, gross margin for the year would have been 36.7%, or a raise of 120 basis points over last year.

Full year GAAP net loss was $(61.2)M, or $(1.11) per diluted share, contrast with GAAP net income of $18.4 milliion, or $0.33 per diluted share, for last year. The $98.7M non-cash impairment charge taken in the fourth fiscal quarter negatively influenced basic and diluted earnings per share by $1.79.

Full year non-GAAP net income was $45.5M, or $0.82 per diluted share, contrast with $45.9M, or $0.83 per diluted share, for last year. GAAP to non-GAAP adjustments to net income exclude a non-cash impairment of goodwill in the Outdoor Products & Accessories section as well as costs related to the planned spin-off of that section, COVID-19 related expenses, and other costs. For a detailed reconciliation, see the schedules that follow in this release.

Full year non-GAAP Adjusted EBITDAS was $116.3M, or 17.1% of net sales, contrast with $111.3M, or 17.4% of net sales, for last year. Not Including the change related to the timing of federal excise tax, non-GAAP Adjusted EBITDAS for the year would have been 18.1%.

The Industrials sector company, Smith & Wesson Brands, Inc. noticed change of -4.63% to $16.47 along volume of 3543820 shares in recent session compared to an average volume of 1522.13K. SWBI’s shares are at 109.28% for the quarter and driving a 84.43% return over the course of the past year and is now at 77.48% since this point in 2018. The average volatility for the week at 11.05% and for month was at 7.90%.

 

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