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Smith & Wesson's Q3 Likely To Be Hindered By 2016's Terror-Inspired Demand Spikes

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Smith & Wesson's Q3 Likely To Be Hindered By 2016's Terror-Inspired Demand Spikes

After market close on Thursday, Smith & Wesson Holding Corp (NASDAQ: SWHC) reported Q2 results, which beat on both top- and bottom-line estimates. The stock sank on lower-than-consensus Q3 guidance, however, with shares trading down around 8 percent in the pre-market Friday.

Wunderlich analyst Rommel Dionisio maintains a Hold rating on the stock with a price target of $26 leading into the anticipated Q3 downturn.

The conservative Q3 guidance stems mostly from decelerating momentum and a “sluggish” start to the hunting season, according to Dionisio.

December Weapons Downturn

The analyst sees an overall downturn in the firearm industry coming in December based on a number of factors:

At the time of writing, shares of Smith & Wesson were trading down over 8 percent at $23.98.

Image Credit: By Smith & Wesson - NYPL digital gallery, Harper's magazine 1899, Public Domain, Wikimedia Commons

Latest Ratings for SWHC

DateFirmActionFromTo
Nov 2016Lake StreetDowngradesBuyHold
Oct 2016WunderlichDowngradesBuyHold
Jun 2016WunderlichMaintainsBuy

View More Analyst Ratings for SWHC
View the Latest Analyst Ratings

 

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