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

Sturm, Ruger & Company, Inc. (NYSE:RGR) released its quarterly earnings data on Wednesday. The company reported $0.62 earnings per share for the quarter, meeting the consensus estimate 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. Price Performance

Shares of NYSE:RGR traded up $0.34 during mid-day trading on Wednesday, hitting $35.45. The company had a trading volume of 130,602 shares, compared to its average volume of 127,762. The firm has a fifty day moving average price of $35.59 and a 200 day moving average price of $38.88. The company has a market capitalization of $595.12 million, a PE ratio of 20.49 and a beta of 0.18. Sturm, Ruger & Company, Inc. has a one year low of $34.11 and a one year high of $48.20.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.71%. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.’s payout ratio is currently 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.