Solo Brands (DTC) to Release Earnings on Thursday

Solo Brands (NYSE:DTC) will issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Solo Brands (NYSE:DTC) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). The firm had revenue of $131.55 million during the quarter, compared to analyst estimates of $128.50 million. Solo Brands had a negative net margin of 25.62% and a positive return on equity of 6.02%. During the same quarter in the prior year, the business earned $0.15 earnings per share. On average, analysts expect Solo Brands to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Solo Brands Stock Up 4.0 %

Shares of NYSE DTC opened at $1.43 on Wednesday. Solo Brands has a 52-week low of $1.08 and a 52-week high of $6.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 2.49. The stock has a market cap of $130.57 million, a P/E ratio of -0.65 and a beta of 2.55. The firm has a 50 day moving average price of $1.40 and a 200 day moving average price of $1.77.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DTC. Canaccord Genuity Group restated a “buy” rating and issued a $3.00 price objective on shares of Solo Brands in a research report on Monday, September 30th. Citigroup decreased their target price on Solo Brands from $2.50 to $1.35 and set a “neutral” rating for the company in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $2.93.

Insider Buying and Selling

In related news, CEO Christopher T. Metz bought 134,826 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $1.30 per share, for a total transaction of $175,273.80. Following the completion of the acquisition, the chief executive officer now owns 500,000 shares of the company’s stock, valued at approximately $650,000. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Christopher T. Metz acquired 134,826 shares of the stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $1.30 per share, for a total transaction of $175,273.80. Following the purchase, the chief executive officer now directly owns 500,000 shares of the company’s stock, valued at approximately $650,000. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher T. Metz bought 115,174 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average cost of $1.30 per share, for a total transaction of $149,726.20. Following the completion of the acquisition, the chief executive officer now directly owns 365,174 shares in the company, valued at $474,726.20. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.73% of the stock is owned by corporate insiders.

About Solo Brands

Solo Brands, Inc operates a direct-to-consumer platform that offers outdoor and 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; kayaks under the Oru brand name; paddle boards under the ISLE brand name; and storage solutions for fire pits, firewood, and other accessories.