Sturm, Ruger & Company, Inc. (NYSE:RGR) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, RGR is expected to report 3Q20 income of $ 0.97 per share from revenue of $ 132.00 million.
For the full year, analysts anticipate top line of $ 524.80 million, while looking forward to income of $ 3.95 per share bottom line.
Previous Quarter Performance
Sturm, Ruger & Company, Inc. disclosed income for the second quarter of $ 1.05 per share, from the revenue of $ 130.26 million. Street analysts expected Sturm, Ruger & Company, Inc. to report income of $ 1.23 per share on revenue of $ 167.06 million for the second quarter. The bottom line results missed street analysts by $ 0.18 or 14.63 percent, at the same time, top line results fell short of analysts by $ 36.8 million or 22.03 percent.
Stock Performance
Shares of Sturm, Ruger & Company, Inc. traded up $ 3.40 or 5.50 percent on Tuesday, reaching $ 65.20 with volume of 413.20 thousand shares. Sturm, Ruger & Company, Inc. has traded high as $ 65.56 and has cracked $ 61.76 on the downward trend
According to the previous trading day, closing price of $ 65.20, representing a 60.77 % increase from the 52 week low of $ 38.44 and a 31.89 % decrease over the 52 week high of $ 90.74.
The company has a market capital of $ 1.22 billion and is part of the Industrials sector and Aerospace & Defense industry.
Recent Analyst recommendations
- On 24th September 2020, initiated by Aegis at Hold rating, with $ 70.00 target price.
Sturm, Ruger & Company, Inc. designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates in two segments, Firearms and Castings.
