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

Sturm, Ruger & Company, Inc. (NYSE:RGR) posted its earnings results on Wednesday. The company reported $0.62 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.62, Zacks reports. Sturm, Ruger & Company, Inc. had a net margin of 5.83% and a return on equity of 9.33%.

Sturm, Ruger & Company, Inc. Trading Up 1.0 %

NYSE RGR traded up $0.34 on Wednesday, reaching $35.45. The company’s stock had a trading volume of 133,226 shares, compared to its average volume of 127,791. The firm has a market cap of $595.12 million, a PE ratio of 20.49 and a beta of 0.18. Sturm, Ruger & Company, Inc. has a 52 week low of $34.11 and a 52 week high of $48.20. The business has a 50-day moving average price of $35.59 and a 200 day moving average price of $38.88.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.71%. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.’s payout ratio is presently 25.43%.

Sturm, Ruger & Company, Inc. Company Profile

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.