Traeger (COOK) to Release Earnings on Wednesday

Traeger (NYSE:COOK - Get Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Traeger has set its FY 2024 guidance at EPS.Parties that are interested in participating in the company's conference call can do so using this link.

Traeger (NYSE:COOK - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. Traeger had a negative net margin of 8.50% and a negative return on equity of 12.65%. The business had revenue of $168.47 million for the quarter, compared to analyst estimates of $168.07 million. During the same quarter in the previous year, the business earned ($0.23) earnings per share. Traeger's revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts expect Traeger to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Traeger Trading Up 1.9 %

Traeger stock traded up $0.06 during trading hours on Wednesday, reaching $3.16. 166,585 shares of the company's stock were exchanged, compared to its average volume of 270,616. The firm has a market capitalization of $409.11 million, a PE ratio of -7.90 and a beta of 1.23. The company has a quick ratio of 1.21, a current ratio of 2.04 and a debt-to-equity ratio of 1.34. The firm's 50 day simple moving average is $3.44 and its 200 day simple moving average is $2.75. Traeger has a twelve month low of $1.97 and a twelve month high of $3.97.

Analyst Upgrades and Downgrades

A number of research firms have commented on COOK. Telsey Advisory Group restated an "outperform" rating and issued a $4.00 price target on shares of Traeger in a report on Wednesday. Robert W. Baird raised their price objective on Traeger from $2.50 to $3.00 and gave the company a "neutral" rating in a research note on Wednesday, August 7th. Piper Sandler raised Traeger from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada boosted their price target on shares of Traeger from $2.00 to $2.50 and gave the company a "sector perform" rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $3.30.

About Traeger

Traeger, Inc, together with its subsidiaries, designs, sources, sells, and supports wood pellet fueled barbecue grills for retailers, distributors, and direct to consumers in the United States. Its wood pellet grills are internet of things devices that allow owners to program, monitor, and control their grill through its Traeger app.