Sturm Ruger & Company (RGR) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $1.21 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.25. Analysts had a consensus of $0.96. The company posted revenue of $173.10 million in the period, compared to analysts expectations of $147.42 million. The company’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.
Many Wall Street Analysts have commented on Sturm Ruger & Company. Company shares were Reiterated by Dougherty & Company on Feb 25, 2016 to “Buy”, Firm has raised the Price Target to $ 68 from a previous price target of $61 .
Sturm Ruger & Company closed down -0.05 points or -0.07% at $66.81 with 1,13,979 shares getting traded on Wednesday. Post opening the session at $66.85, the shares hit an intraday low of $66.06 and an intraday high of $67.0589 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Feb 29, 2016, Kevin B. Sr Reid (VP & General Counsel) sold 6,000 shares at $68.79 per share price. According to the SEC, on Jan 7, 2016, Steven M Maynard (VP of Lean Business Dev.) sold 2,635 shares at $65.52 per share price. On Dec 15, 2015, Mark Lang (Group Vice President) sold 4,000 shares at $60.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Sturm Ruger & Company Inc. is engaged in the design manufacture and sale of firearms to domestic customers. The Company has two reportable segments: firearms and castings. The firearms segment manufactures and sells rifles pistols revolvers and shotguns principally to a number of federally-licensed independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding (MIM) parts. The Company offers products in four industry product categories rifles pistols shotguns and revolvers. The Companys firearms are sold through independent wholesale distributors principally to the commercial sporting market.