Sturm, Ruger & Company, Inc. (RGR) Releases Earnings Results, Misses Estimates By $0.45 EPS
Sturm, Ruger & Company, Inc. (NYSE:RGR) posted its earnings results on Tuesday. The company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.45), RTT News reports. The company had revenue of $104.80 million during the quarter, compared to analysts’ expectations of $126.20 million. Sturm, Ruger & had a net margin of 11.74% and a return on equity of 29.70%. The company’s quarterly revenue was down 35.1% on a year-over-year basis. During the same period last year, the business earned $1.21 earnings per share.
Sturm, Ruger & (NYSE RGR) opened at 49.05 on Wednesday. The stock has a market capitalization of $866.76 million, a P/E ratio of 12.43 and a beta of 0.05. The company has a 50 day moving average of $51.21 and a 200-day moving average of $56.61. Sturm, Ruger & has a 52-week low of $44.80 and a 52-week high of $68.80.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.70%. Sturm, Ruger &’s dividend payout ratio (DPR) is 23.47%.
RGR has been the topic of a number of recent analyst reports. Aegis reaffirmed a “buy” rating and issued a $67.00 target price on shares of Sturm, Ruger & in a research report on Monday, August 21st. BidaskClub raised shares of Sturm, Ruger & from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised shares of Sturm, Ruger & from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 19th. Finally, TheStreet downgraded shares of Sturm, Ruger & from a “b-” rating to a “c” rating in a research report on Thursday, August 24th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Sturm, Ruger & presently has an average rating of “Hold” and an average price target of $58.00.
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Sturm, Ruger & Company Profile
Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.
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