Sturm, Ruger & Company, Inc. (NYSE:RGR) Posts Earnings Results, Misses Expectations By $0.03 EPS

Sturm, Ruger & Company, Inc. (NYSE:RGRGet Rating) announced its quarterly earnings data on Wednesday. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.03), MarketWatch Earnings reports. Sturm, Ruger & Company, Inc. had a return on equity of 47.63% and a net margin of 21.34%. The company had revenue of $166.60 million for the quarter, compared to analyst estimates of $164.64 million. During the same period last year, the firm earned $2.16 earnings per share. The firm’s revenue for the quarter was down 9.7% on a year-over-year basis.

RGR stock opened at $66.71 on Friday. The business’s 50-day moving average price is $71.07 and its two-hundred day moving average price is $70.21. The firm has a market cap of $1.18 billion, a PE ratio of 8.02 and a beta of 0.42. Sturm, Ruger & Company, Inc. has a 1-year low of $62.38 and a 1-year high of $92.49.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 4.08%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 41.35%.

In other news, VP Randall Wheeler sold 1,604 shares of the business’s stock in a transaction dated Thursday, March 10th. The stock was sold at an average price of $68.84, for a total value of $110,419.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.20% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Sturm, Ruger & Company, Inc. by 0.7% in the 4th quarter. BlackRock Inc. now owns 2,792,671 shares of the company’s stock worth $189,957,000 after purchasing an additional 20,490 shares during the period. Morgan Stanley grew its stake in Sturm, Ruger & Company, Inc. by 120.5% in the 2nd quarter. Morgan Stanley now owns 289,534 shares of the company’s stock valued at $26,052,000 after buying an additional 158,232 shares in the last quarter. Norges Bank purchased a new position in Sturm, Ruger & Company, Inc. in the 4th quarter valued at approximately $12,195,000. Invesco Ltd. grew its stake in Sturm, Ruger & Company, Inc. by 23.2% in the 4th quarter. Invesco Ltd. now owns 91,930 shares of the company’s stock valued at $6,254,000 after buying an additional 17,287 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Sturm, Ruger & Company, Inc. by 161.8% in the 4th quarter. Advisors Asset Management Inc. now owns 53,145 shares of the company’s stock valued at $3,615,000 after buying an additional 32,845 shares in the last quarter. Institutional investors own 68.17% of the company’s stock.

Several research firms have weighed in on RGR. Zacks Investment Research upgraded Sturm, Ruger & Company, Inc. from a “sell” rating to a “hold” rating in a report on Thursday, January 6th. StockNews.com began coverage on Sturm, Ruger & Company, Inc. in a report on Thursday, March 31st. They set a “buy” rating on the stock.

About Sturm, Ruger & Company, Inc. (Get Rating)

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates through two segments, Firearms and Castings. The company provides single-shot, autoloading, bolt-action, and 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.

See Also

Earnings History for Sturm, Ruger & Company, Inc. (NYSE:RGR)

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