Sturm, Ruger & Company Earnings Preview
Investors are on the edge of their seats, hoping that Sturm, Ruger & Company (NYS: RGR) will top analyst expectations for the fifth consecutive quarter. The company will unveil its latest earnings on Thursday, July 28. Sturm, Ruger & Company is engaged in the design, manufacture, and sale of firearms to domestic customers.
What analysts say:
- Buy, sell, or hold?: Analysts generally think investors should hang on to Sturm, Ruger & Company, with half rating the stock a hold. That rating hasn't budged in three months.
- Revenue forecasts: On average, analysts predict $69.8 million in revenue this quarter. That would represent a rise of 8.4% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.41 per share. Estimates range from $0.38 to $0.44.
What our community says:
CAPS All-Stars are solidly behind the stock, with 96.6% granting it an "outperform" rating. The community at large concurs with the All-Stars, with 92.7% assigning it a rating of "outperform." Fools are keen on Sturm, Ruger & Company and haven't been shy with their opinions lately, logging 177 posts in the past 30 days. Even with a robust four out of five stars, Sturm, Ruger & Company's CAPS rating falls a little short of the community's upbeat outlook.
Sturm, Ruger & Company's income has fallen year over year by an average of 7.1%. The company's revenue has now risen for two straight quarters. The company's gross margin shrank by 2.1 percentage points in the last quarter. Revenue rose 10.5% while cost of sales rose 14% to $51.4 million from a year earlier.
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At the time this article was published
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