Sturm Ruger & Company Inc reports results for the quarter ended in December - Earnings Summary

Sturm, Ruger & Company

23/02/2024 03:06

* Sturm Ruger & Company Inc  RGR.N  reported quarterly
adjusted
earnings of 58 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.06.  The mean expectation of
two analysts for the quarter was for earnings of 67 cents per
share. Wall Street expected results to range from 62 cents to 72
cents per share.
    * Revenue fell 12.5% to $130.62 million from a year ago;
analysts
expected $133.75 million. 
    * Sturm Ruger & Company Inc's reported EPS for the quarter
was 58
cents​.
    * The company reported quarterly net income of $10.25
million.
    * Sturm Ruger & Company Inc shares had fallen by 3.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the recreational
products peer group is  "hold."

Wall Street's median 12-month price target for Sturm Ruger &
Company Inc is $62.00 
This summary was machine generated from LSEG data February 23 at
03:06 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.67           0.58           Missed
 Sep. 30 2023      0.88           0.42           Missed
 Jun. 30 2023      0.80           0.91           Beat
 Mar. 31 2023      0.97           0.81           Missed