Sturm Ruger & Company Inc (RGR) Issues Quarterly Earnings Results

Sturm Ruger & Company Inc (NYSE:RGR) posted its quarterly earnings data on Wednesday. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.10), Bloomberg Earnings reports. The company had revenue of $121.10 million during the quarter, compared to analyst estimates of $124.10 million. Sturm Ruger & Company Inc had a net margin of 9.95% and a return on equity of 19.95%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 EPS.

Shares of NYSE:RGR traded up $0.51 during trading on Wednesday, hitting $59.56. 176,456 shares of the company’s stock were exchanged, compared to its average volume of 140,428. Sturm Ruger & Company Inc has a 1-year low of $43.00 and a 1-year high of $70.00. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 20.68 and a beta of 0.14.

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Several equities research analysts have weighed in on the stock. ValuEngine cut shares of Sturm Ruger & Company Inc from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research cut shares of Sturm Ruger & Company Inc from a “hold” rating to a “strong sell” rating in a research report on Friday, November 9th.

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Sturm Ruger & Company Inc Company Profile

Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates in two segments, Firearms and Castings. The company offers single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts.

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