Sturm, Ruger & Company, Inc. Declares Quarterly Dividend of $0.16 (NYSE:RGR)

Key Points

• Sturm, Ruger & Company, Inc. has declared a quarterly dividend of $0.16 per share, representing an annualized dividend of $0.64 and a yield of 1.84% for shareholders of record on August 15th.
• The company reported a quarterly EPS of $0.41, missing estimates by $0.10, and had a net margin of 5.84% with a return on equity of 9.78%.
• Sturm, Ruger & Company, Inc. has seen insider selling activity, including a 17.12% decrease in ownership from Director Christopher John Killoy, who sold 8,583 shares.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, RTT News reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.16 per share on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 15th.

Sturm, Ruger & Company, Inc. has a payout ratio of 31.7% meaning its dividend is sufficiently covered by earnings.

Sturm, Ruger & Company, Inc. Trading Down 7.1%

NYSE RGR traded down $2.44 on Friday, reaching $31.72. 424,959 shares of the company were exchanged, compared to its average volume of 173,077. The business's fifty day moving average price is $35.97 and its 200 day moving average price is $37.15. The stock has a market capitalization of $512.60 million, a P/E ratio of 102.32 and a beta of 0.07. Sturm, Ruger & Company, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $43.43.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. The firm had revenue of $132.49 million during the quarter, compared to analysts' expectations of $121.99 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%. Sturm, Ruger & Company, Inc.'s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 EPS. Equities research analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through 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.