Sturm, Ruger & Company, Inc. (NYSE:RGR) Issues Quarterly Earnings Results

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) announced its earnings results on Wednesday. The company reported $0.62 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.62, Zacks reports. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The company had revenue of $145.78 million during the quarter, compared to analysts' expectations of $137.77 million. During the same quarter in the previous year, the business posted $0.58 earnings per share.

Sturm, Ruger & Company, Inc. Trading Down 0.4 %

Shares of NYSE:RGR traded down $0.18 on Friday, reaching $39.63. 266,479 shares of the company's stock were exchanged, compared to its average volume of 138,463. Sturm, Ruger & Company, Inc. has a twelve month low of $34.11 and a twelve month high of $48.20. The company has a fifty day moving average of $35.66 and a 200-day moving average of $38.79. The company has a market capitalization of $664.35 million, a price-to-earnings ratio of 22.39 and a beta of 0.18.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 2.42%. This is an increase from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.'s payout ratio is currently 54.24%.

About Sturm, Ruger & Company, Inc.

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.