Traeger (COOK) Set to Announce Quarterly Earnings on Wednesday

Traeger (NYSE:COOK - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Traeger has set its FY 2024 guidance at EPS and its Q1 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 posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.04). Traeger had a negative return on equity of 20.91% and a negative net margin of 11.26%. The company had revenue of $163.48 million during the quarter, compared to analysts' expectations of $153.10 million. On average, analysts expect Traeger to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Traeger Stock Performance

NYSE:COOK traded down $0.04 during mid-day trading on Wednesday, reaching $2.11. The company's stock had a trading volume of 152,868 shares, compared to its average volume of 309,221. Traeger has a 12-month low of $1.97 and a 12-month high of $6.70. The firm's fifty day moving average price is $2.26 and its two-hundred day moving average price is $2.38. The company has a current ratio of 1.62, a quick ratio of 0.90 and a debt-to-equity ratio of 1.36. The stock has a market cap of $269.32 million, a P/E ratio of -3.83 and a beta of 1.04.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on COOK shares. Canaccord Genuity Group decreased their target price on Traeger from $5.00 to $4.00 and set a "buy" rating for the company in a research report on Wednesday, March 6th. Telsey Advisory Group reissued an "outperform" rating and issued a $4.50 target price (down previously from $5.00) on shares of Traeger in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Traeger presently has an average rating of "Moderate Buy" and an average target price of $4.47.

Traeger Company Profile

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.