NEW YORK (TheStreet) -- Smith & Wesson  (SWHC) reported a 2016 third quarter earnings and revenue beat after today's market close. 

The firearms manufacturer posted adjusted earnings of 59 cents per share, higher than estimates for earnings of 39 cents per share. 

Revenues increased by 61.5% to $210.8 million from the year-ago period, and exceeded analysts' expectations for revenue of $174.93 million. 

"The combined strength of our firearms and accessories businesses delivered an exceptional performance, driven by healthy consumer demand across our growing portfolio of firearm and outdoor lifestyle offerings," CEO James Debney said in a statement. 

Smith & Wesson anticipates that current-quarter adjusted earnings will range between 51 and 53 cents per share on revenue between $210 million and $215 million. 

Shares are flat in after-hours trading after closing up 0.47% to $25.40 today.

Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of A-.

Smith & Wesson's strengths such as its revenue growth, solid stock price performance, increase in net income, good cash flow from operations and expanding profit margins outweigh the fact that the company has had somewhat disappointing return on equity.

You can view the full analysis from the report here: SWHC

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 article's author.

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