{"id":26739,"date":"2023-06-23T21:16:58","date_gmt":"2023-06-24T01:16:58","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/smith-wesson-brands-surges-4-on-q4-beat-dividend-raise\/"},"modified":"2023-06-23T21:16:59","modified_gmt":"2023-06-24T01:16:59","slug":"smith-wesson-brands-surges-4-on-q4-beat-dividend-raise","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=26739","title":{"rendered":"Smith & Wesson Brands surges 4% on Q4 beat & dividend raise"},"content":{"rendered":"
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\u00a9 Reuters. Smith & Wesson Brands surges 4% on Q4 beat & dividend raise<\/span>
\n<\/i>\n<\/div>\n

Smith & Wesson <\/span><\/span> Brands (NASDAQ:)\u00a0shares gained more than 4% after-hours following the company\u2019s reported Q4 beat and dividend raise.<\/p>\n

Q4 came in at $0.32, better than the consensus estimate of $0.29. Revenue fell 20.1% year-over-year to $144.8 million, beating the consensus estimate of $138.38M.<\/p>\n

According to CEO Mark Smith, the headwinds the company faced from elevated channel inventory throughout the first half of the fiscal year abated. \u201cFocused consumer promotions in the second half were successful in driving retail and distributor inventories down significantly and we are now at or below targeted levels with every major customer,\u201d added Smith.<\/p>\n

The company raised its quarterly dividend by 20% to $0.12 per share, or $0.48 annualized, for an annual yield on the dividend of 4.3%.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Smith & Wesson Brands surges 4% on Q4 beat & dividend raise Smith & Wesson Brands (NASDAQ:)\u00a0shares gained more than 4% after-hours following the company\u2019s reported Q4 beat and dividend raise. Q4 came in at $0.32, better than the consensus estimate of $0.29. Revenue fell 20.1% year-over-year to $144.8 million, beating the consensus […]<\/p>\n","protected":false},"author":1,"featured_media":5160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-26739","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nSmith & Wesson Brands surges 4% on Q4 beat & dividend raise | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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