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Sturm Ruger & Co. (RGR) Q3 Earnings: Missed Earnings & Beat Revenue Estimates

Sturm Ruger & Co. ( RGR ) is principally engaged in the design, manufacture, and sale of firearms and precision metal investment castings. The company is the only U.S. firearms manufacturer which offers products in all four industry categories. The company's firearms consist of single-shot, autoloading, bolt-action, lever action, and muzzleloading rifles in a range of hunting calibers; shotguns in three gauges; .22 caliber rimfire autoloading pistols and centerfire autoloading pistols in various calibers; single and double-action, and muzzleloading revolvers.

Currently, Sturm Ruger has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.

Sturm Ruger & Co.:

1.) Missed earnings estimates. The company posted $0.62, missing our Zacks Consensus Estimate of $0.70.

2.) Beat revenue estimates. The company saw revenue figures of $120.9 million, surpassing our estimate of $114 million.

3.) New products, including the AR-556 modern sporting rifle and the LC9s pistol, represented $81.1 million or 21% of firearm sales in the first nine months of 2015. New product sales include only major new products that were introduced in the past two years.

4.) Inventory of the Company's products at the independent distributors increased by 19,800 units during the third quarter of 2015 and the Company's finished goods inventory increased by 45,200 units during the same period.

5.) RGR was down $0.14, or 0.26%, to $54.40 as of 5:16 PM ET in after hours trading shortly after its earnings report was released.

Here is a graph of Sturm Ruger's stock price history over the last 30 days:

Sturm, Ruger & Company Inc. (RGR) Stock Price - Trailing 30 Days | FindTheCompany

Check back later for our full analysis on Sturm Ruger's third quarter earnings report!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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