Sturm Ruger & Co. (RGR) Posts Quarterly Earnings, Misses Expectations By $0.11 EPS
Sturm Ruger & Co. (NYSE:RGR) announced its earnings results on Tuesday. The company reported $1.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.23 by $0.11, Analyst Ratings Network reports. The company had revenue of $153.70 million for the quarter, compared to the consensus estimate of $168.73 million. During the same quarter in the prior year, the company posted $1.63 earnings per share. The company’s quarterly revenue was down 14.4% on a year-over-year basis.
Sturm Ruger & Co. (NYSE:RGR) traded up 0.05% on Tuesday, hitting $57.65. 300,298 shares of the company’s stock traded hands. Sturm Ruger & Co. has a 52 week low of $49.14 and a 52 week high of $85.93. The stock’s 50-day moving average is $59.19 and its 200-day moving average is $64.72. The company has a market cap of $1.118 billion and a P/E ratio of 10.29.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Friday, August 15th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.12%.
Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers.
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