RGR Earnings Prediction
The chart below shows how RGR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RGR sees a +1.05% change in stock price 10 days leading up to the earnings, and a -1.74% change 10 days following the report. On the earnings day itself, the stock moves by -0.40%. This data can give you a slight idea of what to expect for the next quarter's release.
RGR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
122.29M
1.15%
-6.48%
Gross Margin
18.54%
-9.34%
-16.86%
Operating Margin
3.06%
-41.49%
-55.39%
Net Margin
3.87%
-37.07%
-38.77%
EPS
0.28
-33.33%
-40.43%
No Data Available
RGR Earnings Analysis
Sturm, Ruger & Company, Inc. Corporation (RGR.N) Earnings Conference Call
Positive
Cash and Liquidity Strength: 1. Strong Cash Position: At September 28th, 2024, Sturm, Ruger had cash and short-term investments totaling $96 million, with a current ratio of 4.5:1 and no debt.
Shareholder Returns Overview: 2. Shareholder Returns: In the first nine months of 2024, the company returned $39.3 million to shareholders through $10 million in dividends and $29.3 million in share repurchases.
New Product Sales Surge: 3. New Product Sales Growth: New product sales accounted for $113 million, representing 31% of firearm sales in the first nine months of 2024, showcasing strong demand for recent offerings.
Market Share Expansion: 4. Market Share Gains: Estimated distributor sell-through increased by 4% in the first nine months of 2024, outpacing a 3% decrease in adjusted NICS, indicating potential market share growth.
Industry Award Recognition: 5. Industry Recognition: Sturm, Ruger was named Firearm Manufacturer of the Year for the second consecutive year and the 12th time in the last 15 years at the NASGW show, highlighting its strong reputation in the industry.
Negative
Sales and Earnings Decline: For the third quarter of 2024, net sales were $122.3 million, a decrease from $120.9 million in Q3 2023, while diluted earnings fell to $0.28 per share from $0.42 per share in the same period last year.
Sales and Earnings Decline: For the nine months ended September 28th, 2024, net sales totaled $389.9 million, down from $413.2 million in the corresponding period of 2023, with diluted earnings dropping to $1.15 per share from $2.13 per share.
Gross Profit Margin Decline: Gross profit margin declined due to a mix of lower-priced items shipped and the decision not to implement overall price increases amid competitive pressures, impacting profitability.
Liquidity Concerns Highlighted: The company reported a decrease in cash and short-term investments to $96 million, indicating potential liquidity concerns despite a strong current ratio of 4.5:1.
Challenging Market Landscape: The promotional environment remains aggressive, with increased rebates from competitors, suggesting a challenging market landscape that may pressure future pricing strategies.
RGR FAQs
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RGR Earning Call Sentiment
Sturm, Ruger & Company, Inc. (RGR) Q3 2024 Earnings Conference Call Transcript
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00:00
00:00
RGR.N
-0.48%Positive
The earnings call summary reveals several concerning factors: a decrease in diluted earnings and net sales year-over-year, market demand risks, and competitive pressures. Although there are positive aspects, such as no debt and shareholder returns, the Q&A section highlights ongoing inventory and promotional challenges. These factors overshadow positive elements like new product sales and shareholder returns, leading to a negative sentiment. Furthermore, the decline in earnings per share and the current economic environment suggest a negative stock price movement in the short term.
