Traeger (COOK) Scheduled to Post Quarterly Earnings on Wednesday

Traeger (NYSE:COOK) is scheduled to release its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect Traeger to post earnings of ($0.06) per share for the quarter. Traeger has set its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Traeger (NYSE:COOK) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $168.47 million during the quarter, compared to the consensus estimate of $168.07 million. Traeger had a negative return on equity of 12.65% and a negative net margin of 8.50%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.23) EPS. 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

COOK opened at $3.10 on Wednesday. The company has a current ratio of 2.04, a quick ratio of 1.21 and a debt-to-equity ratio of 1.34. Traeger has a 12-month low of $1.97 and a 12-month high of $3.97. The company has a market cap of $399.50 million, a price-to-earnings ratio of -4.70 and a beta of 1.23. The company’s 50 day moving average is $3.44 and its 200 day moving average is $2.75.

Analysts Set New Price Targets

COOK has been the topic of a number of research analyst reports. Piper Sandler raised Traeger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Robert W. Baird increased their price objective on shares of Traeger from $2.50 to $3.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $4.00 target price on shares of Traeger in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada upped their price objective on Traeger from $2.00 to $2.50 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $3.30.

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.