NEW YORK (TheStreet) -- Shares of Smith & Wesson (SWHC) were slumping 5.58% to $27.92 in mid-afternoon trading on Wednesday as the company is slated to report fiscal 2017 first-quarter results after Thursday's market close.
Analysts are looking for the Springfield, MA-based firearms manufacturer to post adjusted earnings of 53 cents per share on revenues of $198.16 million.
For the 2016 first quarter, Smith & Wesson earned 32 cents per share and $147.76 million in revenue.
Several new products were introduced throughout the year, and the company has experienced strong consumer demand as a result, Smith & Wesson noted in its fiscal 2016 fourth quarter results.
Additionally, the company announced on Monday that its $95 million acquisition of Crimson Trace Corp is complete. The Wilsonville, OR-based company manufactures laser sighting systems.
Crimson Trace will operate as Smith & Wesson's newly established Electro-Optics Division.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
TheStreet Ratings team rates Smith & Wesson as a Buy with a ratings score of A-. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that it rates. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently the team does not see any significant weaknesses which are likely to detract from the generally positive outlook.
You can view the full analysis from the report here: