Sturm, Ruger & Company, Inc. (NYSE:RGR) Releases Earnings Results, Meets Estimates

Sturm, Ruger & Company, Inc. (NYSE:RGR) posted its quarterly earnings results on Wednesday. The company reported $0.62 EPS for the quarter, meeting the consensus estimate of $0.62, Zacks reports. Sturm, Ruger & Company, Inc. had a return on equity of 9.47% and a net margin of 5.70%. The business had revenue of $145.78 million during the quarter, compared to analysts’ expectations of $137.77 million. During the same period last year, the firm earned $0.58 EPS.

Sturm, Ruger & Company, Inc. Stock Down 1.6 %

Shares of Sturm, Ruger & Company, Inc. stock traded down $0.63 on Friday, hitting $39.18. The company’s stock had a trading volume of 32,910 shares, compared to its average volume of 135,054. The company has a market capitalization of $657.88 million, a P/E ratio of 22.09 and a beta of 0.18. Sturm, Ruger & Company, Inc. has a 52-week low of $34.11 and a 52-week high of $48.20. The firm has a fifty day moving average price of $35.53 and a 200-day moving average price of $38.80.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. This represents a $0.96 annualized dividend and a yield of 2.45%. Sturm, Ruger & Company, Inc.’s payout ratio is currently 24.86%.

About Sturm, Ruger & Company, Inc.

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.