Solo Brands (DTC) Set to Announce Quarterly Earnings on Thursday

Solo Brands (NYSE:DTC - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Solo Brands has set its FY 2024 guidance at EPS.Individual that wish to register for the company's earnings conference call can do so using this link.

Solo Brands (NYSE:DTC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.07). Solo Brands had a positive return on equity of 6.02% and a negative net margin of 25.62%. The company had revenue of $131.55 million during the quarter, compared to analyst estimates of $128.50 million. 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 Performance

DTC traded down $0.05 on Thursday, hitting $1.25. 132,626 shares of the stock traded hands, compared to its average volume of 557,829. The business has a fifty day moving average price of $1.41 and a two-hundred day moving average price of $1.78. The company has a current ratio of 2.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. Solo Brands has a 52 week low of $1.08 and a 52 week high of $6.36. The firm has a market capitalization of $114.54 million, a PE ratio of -0.60 and a beta of 2.54.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DTC shares. Citigroup cut their price target on shares of Solo Brands from $2.50 to $1.35 and set a "neutral" rating for the company in a report on Thursday, August 8th. Canaccord Genuity Group reissued a "buy" rating and issued a $3.00 target price on shares of Solo Brands in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Solo Brands has an average rating of "Hold" and an average price target of $2.93.

Insider Activity

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

Solo Brands Company Profile

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.