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

Sturm, Ruger & Company

08/05/2024 02:36

* Sturm Ruger & Company Inc  RGR.N  reported quarterly
adjusted
earnings of 40 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 81 cents.  The lone analyst forecast for the quarter was
for earnings of 84 cents per share. 
    * Revenue fell 8.5% to $136.82 million from a year ago;
analysts
expected $153.40 million. 
    * Sturm Ruger & Company Inc's reported EPS for the quarter
was
breakeven results​.
    * The company reported quarterly net income of $7.08
million.
    * Sturm Ruger & Company Inc shares had risen by 0.3% this
quarter and gained 1.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.4%
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 May 8 at 01:36
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
 Mar. 31 2024      0.84           0.40           Missed
 Dec. 31 2023                     0.58           
 Sep. 30 2023      0.88           0.42           Missed
 Jun. 30 2023      0.80           0.91           Beat