Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62, Zacks reports. The business had revenue of $145.78 million for the quarter, compared to analysts' expectations of $137.77 million. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.47%. During the same quarter last year, the firm earned $0.58 EPS.
Sturm, Ruger & Company, Inc. Trading Down 0.4 %
Shares of NYSE:RGR traded down $0.18 during mid-day trading on Friday, hitting $39.63. 266,479 shares of the company traded hands, compared to its average volume of 141,952. The stock has a 50-day moving average price of $35.59 and a two-hundred day moving average price of $38.81. Sturm, Ruger & Company, Inc. has a 12-month low of $34.11 and a 12-month high of $48.20. The stock has a market cap of $665.45 million, a P/E ratio of 22.39 and a beta of 0.18.
Sturm, Ruger & Company, Inc. Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Friday, March 14th. This is a positive change from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is currently 24.86%.
About Sturm, Ruger & Company, Inc.
(
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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.
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