Welcome!

News Feed Item

Post-Earnings Expert Review - Smith and Wesson Holding

Editor Note: For more information about this release, please scroll to bottom.

LONDON, September 4, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings review on Smith & Wesson Holding Corp. (NASDAQ: SWHC). The company featured in the headlines on Tuesday, August 26, 2014 after reporting results for the Q1 FY15 ended July 31, 2014. During Q1 FY15, Smith & Wesson Holding Corp.'s net sales declined $39.2 million, and its income from continuing operations decreased by $0.14 per diluted share from Q1 FY14. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview  

During Q1 FY15, Smith & Wesson Holding Corp.'s net sales decreased to $131.87 million, from $171.02 million in the year ago quarter. Analysts from Bloomberg anticipated net sales of $134.00 million for the reported quarter. The decline in net sales was primarily driven by lower sales of long guns, including modern sporting rifles, which drove 87% of the first quarter decline. During Q1 FY15, the company's income from continuing operations narrowed to $14.62 million, or $0.26 per diluted share, from $26.53 million, or $0.40 per diluted share in the prior year quarter. Analysts from Bloomberg were expecting income from continuing operations of $14.20 million, or $0.25 per diluted share in Q1 FY15. Smith & Wesson Holding's gross profit for the reported quarter stood at $49.12 million, or 37.2% of net sales, compared with $72.77 million, or 42.6% of net sales in Q1 FY14. Further, the company's operating income for Q1 FY15 declined to $25.77 million, or 19.5% of net sales, from $48.01 million, or 28.1% of net sales in Q1 FY14. The free research on SWHC can be downloaded as in PDF format at:

www.Investor-Edge.com/SWHCFreeReport

Smith & Wesson Holding Corp.'s operating expenses lowered to $23.35 million in Q1 FY15, or 17.7% of net sales, from $24.76 million, or 14.5% of net sales, in the preceding year quarter. The company's non-GAAP EBITDAS from continuing operations for Q1 FY15 stood at $33.64 million, compared with $55.23 million in the last year quarter. During the reported quarter, the company generated operating cash of $10.78 million, compared with $19.01 million in Q1 FY14. Further, during Q1 FY15, Smith & Wesson's internal capital spending totaled $14.6 million, and to acquire the assets of its principal injection molding supplier, the company used an additional $24.1 million of cash. Also, the company repurchased $30.0 million of its common stock during Q1 FY15.

For the upcoming Q2 FY15, the company expects GAAP diluted EPS from continuing operations to be between $0.04 and $0.08. The company forecasts net sales to be in the range of $100.0 million to $110.0 million in Q2 FY15. For fiscal year 2015, the company anticipates GAAP earnings per diluted share from continuing operations in the range of $0.89 to $0.94 and net sales to be between $530.0 million and $540.0 million. The company expects that results within this range would generate a cash balance in excess of $125.0 million at the end of fiscal 2015. Sign up and read the free analyst's notes on SWHC at:

www.Investor-Edge.com/SWHC-04092014

The President and CEO of Smith & Wesson Holding Corp., Mr. James Debney, stated in the press release that Q1 FY15 results met the company's expectations. He added that the company launched a new M&P®22 Compact, a tactical rimfire pistol, during this period. He further stated that to introduce enhanced, integrated laser sighting systems for its popular line of M&P BODYGUARD® handguns, the company has joined forces with Crimson Trace®. During the first quarter, the company completed the acquisition of the assets of its principal injection molding supplier, which enabled it to strengthen its business and contributed favorably to its gross margin and net income. Mr. Debney added that the company believes that its operational and financial strength and flexibility can benefit it in the short term. He further stated that the company will remain focused on its strategy to take handgun market share, and expects the industry to deliver growth over the long run.

Stock Performance  

On Wednesday, August 27, 2014, a day after the earnings release, the fall in net sales and EPS took shares in Smith & Wesson Holding Corp. down by 13.63%, to end the session at $11.32. The stock has further moved down since then, and on the last close, Wednesday, September 03, 2014, it finished 2.62% lower at $10.76. The stock vacillated between $10.68 and $11.05 during the trading session. A total of 3.05 million shares were traded, which was above its three months average volume of 1.61 million shares. Over the previous three trading sessions and over the last one month, the company's shares have fallen by 3.24% and 12.31%, respectively. Moreover, the stock has declined 20.24% from the beginning of 2014. Shares in Smith & Wesson Holding Corp. are trading below their 50-day and 200-day moving averages of $13.28 and $13.76, respectively. Further, the stock traded at a PE ratio of 8.09 and has a Relative Strength Index (RSI) of 23.10. Visit Investor-Edge and access the latest research on SWHC at:

www.Investor-Edge.com/SWHCEarningsCoverage

Sneak Peek to Corporate Insider Trading  

In the last one month, Smith & Wesson Holding Corp. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on SWHC is available at:

www.Investor-Edge.com/SWHCInsiderTrading

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

===============

EDITOR'S NOTES:

===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


SOURCE Investor-Edge

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that’s no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, will explore how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He wi...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
In the enterprise today, connected IoT devices are everywhere – both inside and outside corporate environments. The need to identify, manage, control and secure a quickly growing web of connections and outside devices is making the already challenging task of security even more important, and onerous. In his session at @ThingsExpo, Rich Boyer, CISO and Chief Architect for Security at NTT i3, discussed new ways of thinking and the approaches needed to address the emerging challenges of security i...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, will discuss th...
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, discussed the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insights from the vast t...
Docker containers have brought great opportunities to shorten the deployment process through continuous integration and the delivery of applications and microservices. This applies equally to enterprise data centers as well as the cloud. In his session at 20th Cloud Expo, Jari Kolehmainen, founder and CTO of Kontena, discussed solutions and benefits of a deeply integrated deployment pipeline using technologies such as container management platforms, Docker containers, and the drone.io Cl tool. H...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
There is only one world-class Cloud event on earth, and that is Cloud Expo – which returns to Silicon Valley for the 21st Cloud Expo at the Santa Clara Convention Center, October 31 - November 2, 2017. Every Global 2000 enterprise in the world is now integrating cloud computing in some form into its IT development and operations. Midsize and small businesses are also migrating to the cloud in increasing numbers. Companies are each developing their unique mix of cloud technologies and service...
Cloud adoption is often driven by a desire to increase efficiency, boost agility and save money. All too often, however, the reality involves unpredictable cost spikes and lack of oversight due to resource limitations. In his session at 20th Cloud Expo, Joe Kinsella, CTO and Founder of CloudHealth Technologies, tackled the question: “How do you build a fully optimized cloud?” He will examine: Why TCO is critical to achieving cloud success – and why attendees should be thinking holistically ab...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, will introduce two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a...
Recently, IoT seems emerging as a solution vehicle for data analytics on real-world scenarios from setting a room temperature setting to predicting a component failure of an aircraft. Compared with developing an application or deploying a cloud service, is an IoT solution unique? If so, how? How does a typical IoT solution architecture consist? And what are the essential components and how are they relevant to each other? How does the security play out? What are the best practices in formulating...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
In his session at @ThingsExpo, Arvind Radhakrishnen discussed how IoT offers new business models in banking and financial services organizations with the capability to revolutionize products, payments, channels, business processes and asset management built on strong architectural foundation. The following topics were covered: How IoT stands to impact various business parameters including customer experience, cost and risk management within BFS organizations.