SWHC

[setravis]

Smith & Wesson 4Q revenue tops Wall Street outlook

Smith & Wesson Holding reports 4th-quarter revenue above Wall Street forecasts, shares rise
On Friday June 19, 2009, 7:43 am EDT

SPRINGFIELD, Mass. (AP) -- Pistol maker Smith & Wesson Holding Corp. on Thursday reported fourth-quarter revenue above Wall Street expectations, sending shares up nearly 12 percent in aftermarket trading.

The company said its fiscal 2009 fourth-quarter revenue rose 20 percent to $99.5 million. Analysts polled by Thomson Reuters had expected revenue of $90.8 million, on average.

"Demand for our handguns and tactical rifles remained strong throughout the fourth quarter, as evidenced by our revenue as well as by our backlog balance," the company said in a statement.

Smith & Wesson's backlog grew to over $200 million during the quarter, which ended April 30.

Meanwhile, the company said it is buying Universal Safety Response Inc. in a cash-and-stock deal worth more than $26 million as part of a move to expand into the perimeter security market. Franklin, Tenn.-based USR makes the GRAB vehicle safety barrier and serves clients in the defense and transportation industries, as well as airports and national laboratories.

Looking ahead the company anticipates the buyout will contribute $50 million in fiscal 2010 sales and $100 million in fiscal 2011.

Shares of Smith & Wesson rose 57 cents, or 11.6 percent, to $5.50 in after-hours electronic trading, having closed earlier at $4.93. The stock has traded between $1.53 and $7.52 over the last 52 weeks.

52wk Range: 1.53 - 7.52
Volume: 8,727,627
Avg Vol (3m): 1,400,940

Technicals
Most Actives
Gap Up
Percentage Gainer

Last Price Quote is:
20.27%above 13-day MA
12.57%above 50-day MA
RS Rating: 26 

Fundamentals
Earnings Expected on Jun 22

Key Data:
Market Cap (M): $233.69 
P/E Ratio: 16.93 
PEG Ratio: 1.58667 
Next Earnings: 06/22/2009
Last Analyst Rating: Buy