Sturm, Ruger & Co. Inc. (NYSE: RGR) has reported its fourth quarter earnings. If you have been to a gun store or sporting goods store which sells fire arms, it was obviously going to be a great quarter. Most gun and ammunition inventories around the country were sold out to the point that you couldn’t find what you wanted at the retail level and the supply chain was cleaned out top to bottom.
The gun-maker reported quarterly earnings of $1.00 per share on sales of $141.8 million. These represent gains of 85% on earnings and 52% on revenues. The consensus EPS estimate called for $0.94 on revenues of $124 million. In the after-hours session, shares are trading up 2.8% at $55.00.
Ruger shares closed up 0.7% at $53.51 in regular trading against a 52-week range of $34.22 to $60.11. This is against a near-term low of $40.00 on December 18 in the aftermath of the tragedy that acted as the catalyst for the gun control debate again. Shares of Smith & Wesson Holding Corporation (NASDAQ: SWHC) rose by 4.3% today to $9.34 against a 52-week range of $5.11 to $11.25.
Big 5 Sporting Goods Corp. (NASDAQ: BGFV) blew past its earnings estimates as its hard goods segment was pumped up by a huge demand boost in guns and ammunition. Even Cabela’s Incorporated (NYSE: CAB) confessed that strong gun and ammo demand added a full point to its entire same-store sales gains when it gave earnings in mid-February.
Is it time to release that Gun ETF yet?
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s made it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.