Sturm, Ruger & Company, Inc. (NYSE:RGR) Issues Earnings Results

Sturm, Ruger & Company, Inc. (NYSE:RGR) announced its earnings results on Wednesday. The company reported $0.62 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.62, Zacks reports. The business had revenue of $145.78 million during the quarter, compared to analyst estimates of $137.77 million. Sturm, Ruger & Company, Inc. had a net margin of 5.83% and a return on equity of 9.33%. During the same period in the previous year, the business earned $0.58 EPS.

Sturm, Ruger & Company, Inc. Price Performance

Shares of NYSE:RGR traded up $3.93 during midday trading on Thursday, hitting $39.39. The company had a trading volume of 57,700 shares, compared to its average volume of 125,737. The company has a market cap of $661.29 million, a price-to-earnings ratio of 22.74 and a beta of 0.18. Sturm, Ruger & Company, Inc. has a 12-month low of $34.11 and a 12-month high of $48.20. The company has a fifty day moving average of $35.53 and a two-hundred day moving average of $38.80.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.44%. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.’s dividend payout ratio is 25.43%.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates under the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.