Solo Brands (DTC) to Release Earnings on Thursday

Solo Brands (NYSE:DTCGet Rating) is set to post its quarterly earnings results before the market opens on Thursday, May 12th. Analysts expect Solo Brands to post earnings of $0.07 per share for the quarter. Solo Brands has set its FY 2022 guidance at EPS and its Q1 2022 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Solo Brands (NYSE:DTCGet Rating) last announced its earnings results on Tuesday, March 29th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.13. The business had revenue of $176.50 million for the quarter, compared to analyst estimates of $174.38 million. The business’s quarterly revenue was up 163.8% compared to the same quarter last year. On average, analysts expect Solo Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of DTC opened at $6.51 on Thursday. The company has a quick ratio of 1.21, a current ratio of 3.41 and a debt-to-equity ratio of 0.22. The business’s 50-day simple moving average is $8.21. Solo Brands has a 12-month low of $5.90 and a 12-month high of $23.39.

Institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. purchased a new stake in Solo Brands in the fourth quarter valued at approximately $51,000. California State Teachers Retirement System purchased a new stake in Solo Brands during the fourth quarter worth approximately $100,000. Deutsche Bank AG purchased a new stake in Solo Brands during the fourth quarter worth approximately $111,000. Wells Fargo & Company MN purchased a new stake in Solo Brands during the fourth quarter worth approximately $113,000. Finally, JPMorgan Chase & Co. purchased a new stake in Solo Brands during the fourth quarter worth approximately $121,000. Hedge funds and other institutional investors own 93.69% of the company’s stock.

A number of research firms have recently weighed in on DTC. Credit Suisse Group cut their price objective on shares of Solo Brands from $20.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, March 30th. Jefferies Financial Group boosted their price objective on shares of Solo Brands from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, January 11th. Zacks Investment Research lowered shares of Solo Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, March 15th. Finally, Citigroup cut their price objective on shares of Solo Brands from $20.00 to $16.00 in a research report on Wednesday, March 30th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Solo Brands presently has an average rating of “Buy” and a consensus price target of $22.43.

Solo Brands Company Profile (Get Rating)

Solo Brands, Inc operates a direct-to-consumer platform that offers outdoor lifestyle branded products in the United States. The company provides camp stoves under the Solo Stove Lite brand name; fire pits under the Solo Stove brand name; grills, cook tops, and tools; kayaks under the Oru brand name; paddle boards under the ISLE brand name; and storage solutions for fire pits, firewood, and other accessories.

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