Sturm, Ruger & Company, Inc. (NYSE:RGR) issued its earnings results on Tuesday. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.07), RTT News reports. Sturm, Ruger & had a return on equity of 29.70% and a net margin of 11.74%. The company had revenue of $104.80 million during the quarter, compared to analyst estimates of $126.20 million. During the same period in the previous year, the company posted $1.21 earnings per share. The company’s quarterly revenue was down 35.1% on a year-over-year basis.
Sturm, Ruger & (RGR) traded up 2.83% during midday trading on Wednesday, reaching $50.95. The company had a trading volume of 233,384 shares. The firm has a 50-day moving average of $51.21 and a 200-day moving average of $56.61. The stock has a market cap of $900.34 million, a P/E ratio of 12.91 and a beta of 0.05. Sturm, Ruger & has a 12 month low of $44.80 and a 12 month high of $68.80.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.70%. Sturm, Ruger &’s dividend payout ratio is 23.47%.
RGR has been the subject of a number of recent research reports. Aegis reissued a “buy” rating and issued a $67.00 target price on shares of Sturm, Ruger & in a report on Monday, August 21st. TheStreet cut Sturm, Ruger & from a “b-” rating to a “c” rating in a report on Thursday, August 24th. Zacks Investment Research cut Sturm, Ruger & from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. Finally, BidaskClub raised Sturm, Ruger & from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Sturm, Ruger & currently has an average rating of “Hold” and a consensus price target of $58.00.
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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