Overview
Sturm Ruger Q3 net sales rise to $126.8 mln from $122.3 mln in 2024
Adjusted EPS for Q3 misses analyst expectations
Company faced $1.9 mln in acquisition and operating costs at new facility
Outlook
Sturm Ruger expects capital expenditures to total $35 mln for the year
Company focuses on improving profitability by addressing cost-structure
Result Drivers
NEW FACILITY COSTS - Acquisition and operating costs at the new Hebron, KY facility impacted Q3 results
HIGHER COSTS - Increased costs associated with material and technology affected Q3 performance
NEW PRODUCT SALES - Sales of new products, including RXM pistol and Marlin rifles, accounted for 33.7% of Q3 firearm sales
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Firearms Sales
$126.13 mln
Q3 Adjusted EPS
Miss
$0.11
$0.38 (1 Analyst)
Q3 EPS
$0.10
Q3 Gross Profit
$19.16 mln
Q3 Operating Income
-$3.48 mln
Analyst Coverage
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 "buy"
Wall Street's median 12-month price target for Sturm Ruger & Company Inc is $44.50, about 1.4% above its November 5 closing price of $43.86
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 18 three months ago
Press Release: ID:nBw4hPxm6a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)