Solo Brands, Inc. (NYSE:DTC – Get Rating) – Analysts at William Blair dropped their Q2 2022 earnings per share estimates for Solo Brands in a research note issued to investors on Thursday, May 12th. William Blair analyst S. Zackfia now anticipates that the company will post earnings of $0.17 per share for the quarter, down from their previous estimate of $0.26.
Solo Brands (NYSE:DTC – Get Rating) last posted its earnings results on Thursday, May 12th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.11. The firm had revenue of $82.20 million for the quarter, compared to analyst estimates of $84.60 million. Solo Brands’s revenue for the quarter was up 19.0% on a year-over-year basis.
DTC stock opened at $4.80 on Monday. The company has a current ratio of 3.41, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $7.62. Solo Brands has a 1 year low of $4.24 and a 1 year high of $23.39.
Several hedge funds and other institutional investors have recently modified their holdings of DTC. Summit Partners L P purchased a new position in Solo Brands during the 4th quarter worth approximately $688,266,000. Bertram Growth Capital Iii Gpllc L.L.C. purchased a new position in Solo Brands during the 4th quarter worth approximately $183,224,000. Wasatch Advisors Inc. purchased a new position in Solo Brands during the 4th quarter worth approximately $34,976,000. American Century Companies Inc. purchased a new position in Solo Brands during the 4th quarter worth approximately $25,447,000. Finally, BlackRock Inc. purchased a new position in Solo Brands during the 4th quarter worth approximately $11,719,000. 93.69% of the stock is currently owned by institutional investors and hedge funds.
About Solo Brands (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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