Sturm, Ruger & Company, Inc. (NYSE:RGR) declared a quarterly dividend on Tuesday, October 31st, RTT News reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.21 per share on Thursday, November 30th. This represents a $0.84 annualized dividend and a yield of 1.70%. The ex-dividend date is Tuesday, November 14th.
Sturm, Ruger & has decreased its dividend payment by an average of 6.6% annually over the last three years. Sturm, Ruger & has a payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sturm, Ruger & to earn $3.50 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 24.0%.
Sturm, Ruger & (RGR) opened at $49.35 on Monday. Sturm, Ruger & has a 52-week low of $44.80 and a 52-week high of $68.80. The company has a market capitalization of $860.09 and a PE ratio of 14.43.
Sturm, Ruger & (NYSE:RGR) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.07). Sturm, Ruger & had a net margin of 11.07% and a return on equity of 26.62%. The company had revenue of $104.80 million during the quarter, compared to analysts’ expectations of $126.20 million. During the same period last year, the business earned $1.21 earnings per share. The company’s revenue for the quarter was down 35.1% compared to the same quarter last year. analysts anticipate that Sturm, Ruger & will post 3.02 EPS for the current fiscal year.
Several research analysts have commented on RGR shares. Aegis reissued a “buy” rating and issued a $67.00 price objective on shares of Sturm, Ruger & in a research report on Monday, August 21st. TheStreet lowered Sturm, Ruger & from a “b-” rating to a “c” rating in a research report on Thursday, August 24th. Zacks Investment Research lowered Sturm, Ruger & from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Finally, BidaskClub raised Sturm, Ruger & from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $58.00.
About Sturm, Ruger &
Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.
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