FY2017 EPS Estimates for Sturm Ruger & Company Inc (RGR) Lifted by Analyst

Sturm Ruger & Company Inc (NYSE:RGR) – Equities researchers at Forward View boosted their FY2017 earnings per share estimates for Sturm Ruger & Company in a report released on Sunday. Forward View analyst N. Yates now anticipates that the company will earn $4.38 per share for the year, up from their prior forecast of $3.81. Forward View has a “Hold” rating on the stock. Forward View also issued estimates for Sturm Ruger & Company’s Q1 2018 earnings at $1.21 EPS.

Several other brokerages have also issued reports on RGR. Zacks Investment Research raised Sturm Ruger & Company from a “hold” rating to a “strong-buy” rating and set a $73.00 price target for the company in a research note on Wednesday. Wunderlich lifted their price target on Sturm Ruger & Company from $51.00 to $62.00 and gave the stock a “hold” rating in a research note on Wednesday, May 10th.

Earnings History and Estimates for Sturm Ruger & Company (NYSE:RGR)

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Shares of Sturm Ruger & Company (NYSE:RGR) opened at 62.57 on Wednesday. The company has a market capitalization of $1.11 billion, a P/E ratio of 13.64 and a beta of 0.57. The company’s 50 day moving average price is $58.03 and its 200 day moving average price is $53.85. Sturm Ruger & Company has a 12 month low of $47.15 and a 12 month high of $70.30.

Sturm Ruger & Company (NYSE:RGR) last announced its quarterly earnings data on Monday, May 8th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.23. Sturm Ruger & Company had a return on equity of 33.89% and a net margin of 12.79%. The business had revenue of $167.40 million during the quarter, compared to the consensus estimate of $161.90 million. During the same period in the prior year, the company earned $0.62 EPS. Sturm Ruger & Company’s revenue for the quarter was down 3.3% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Friday, May 19th will be paid a dividend of $0.48 per share. The ex-dividend date is Wednesday, May 17th. This represents a $1.92 annualized dividend and a yield of 3.05%. This is a positive change from Sturm Ruger & Company’s previous quarterly dividend of $0.44. Sturm Ruger & Company’s payout ratio is 37.79%.

Large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Sturm Ruger & Company by 179,012.8% in the first quarter. BlackRock Inc. now owns 2,663,408 shares of the company’s stock valued at $142,625,000 after buying an additional 2,661,921 shares during the period. Vanguard Group Inc. raised its stake in shares of Sturm Ruger & Company by 4.8% in the first quarter. Vanguard Group Inc. now owns 2,321,126 shares of the company’s stock valued at $124,296,000 after buying an additional 105,980 shares during the period. Capital World Investors raised its stake in shares of Sturm Ruger & Company by 1.8% in the third quarter. Capital World Investors now owns 723,493 shares of the company’s stock valued at $41,789,000 after buying an additional 12,973 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Sturm Ruger & Company by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 666,421 shares of the company’s stock valued at $35,120,000 after buying an additional 2,065 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Sturm Ruger & Company by 1.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 457,714 shares of the company’s stock valued at $26,438,000 after buying an additional 8,178 shares during the period. 68.77% of the stock is owned by hedge funds and other institutional investors.

About Sturm Ruger & Company

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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