Sturm, Ruger & Company, Inc. (NYSE:RGR) Announces Quarterly Earnings Results

Sturm, Ruger & Company, Inc. (NYSE:RGR) announced its earnings results on Wednesday. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.29), Briefing.com reports. The company had revenue of $130.76 million for the quarter, compared to the consensus estimate of $137.60 million. Sturm, Ruger & Company, Inc. had a net margin of 6.36% and a return on equity of 10.00%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the business posted $0.91 EPS.

Sturm, Ruger & Company, Inc. Stock Up 0.2 %

Shares of Sturm, Ruger & Company, Inc. stock traded up $0.07 during trading on Friday, reaching $43.34. The company’s stock had a trading volume of 151,245 shares, compared to its average volume of 134,671. The company has a market cap of $730.28 million, a price-to-earnings ratio of 18.76 and a beta of 0.22. Sturm, Ruger & Company, Inc. has a 1-year low of $40.67 and a 1-year high of $56.20. The company has a 50-day simple moving average of $42.90 and a two-hundred day simple moving average of $44.07.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a $0.19 dividend. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, August 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.75%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is presently 27.71%.

Analyst Ratings Changes

Separately, Lake Street Capital raised Sturm, Ruger & Company, Inc. to a “strong-buy” rating in a research report on Wednesday, May 8th.

Insider Transactions at Sturm, Ruger & Company, Inc.

In related news, VP Sarah F. Colbert sold 2,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $45.14, for a total value of $90,280.00. Following the completion of the transaction, the vice president now owns 32,080 shares in the company, valued at approximately $1,448,091.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Sturm, Ruger & Company, Inc. news, Director Amir Rosenthal sold 1,750 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $43.00, for a total transaction of $75,250.00. Following the completion of the transaction, the director now owns 17,554 shares in the company, valued at approximately $754,822. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sarah F. Colbert sold 2,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $45.14, for a total value of $90,280.00. Following the transaction, the vice president now owns 32,080 shares of the company’s stock, valued at approximately $1,448,091.20. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.