Posted on 11/05/2013 2:12:50 PM PST by Red in Blue PA
Sturm, Ruger & Company, Inc. (NYSE-RGR) announced today that for the third quarter of 2013 the Company reported net sales of $170.9 million and fully diluted earnings of $1.44 per share, compared with net sales of $118.2 million and fully diluted earnings of 88¢ per share in the third quarter of 2012.
For the nine months ended September 28, 2013, net sales were $506.4 million and fully diluted earnings were $4.25 per share. For the corresponding period in 2012, net sales were $350.1 million and fully diluted earnings were $2.58 per share.
The Company also announced today that its Board of Directors declared a dividend of 58¢ per share for the third quarter, for shareholders of record as of November 15, 2013, payable on November 29, 2013. This dividend varies every quarter because the Company pays a percent of earnings rather than a fixed amount per share. This dividend is approximately 40% of net income.
(Excerpt) Read more at ruger.com ...
Estimates were for about $1.21 per share.
Damn.
Sold my position on 10/23 when the market looked wobbly. Made a profit, but the comeback in the last week has been incredibly strong. Looks like someone had insider info, IMO.
Hit $71.79 today and IMO it is headed higher.
Low number of shares, no debt.
Afternoon amigo. Hope your well.
does someone have this in English?
I diluted some alcohol once, and it didn’t have the same effect.
5.56mm
I will get use to the new spellchecker.
5.56mm
The street missed this story. They think gun ownership has experience a short term blip. RGR is debt free, owns every category of gun (except shotgun) and has a giant installed base buying their accessories and next generation liberty implements. ATK is great as well.
Been nice to have gotten in on the ground floor in 2008.
Wall Street has gotten this woefully wrong for the past 2 years. They keep on saying we are at a top, and at some point we will be, but they are assuming we will drop to prior levels where I think we will maintain a new higher plateau.
5 Year Chart.....from 5 to 71:
yeah, I took a serious look at it in 2008......and didn’t buy. oh well, hind site is always 20/20
I bought a little early in the year. Glad I did. Whatever dividends that come about go back via DRIPs. Usually I can afford a share or a few depending on how I do each month money wise.
I did my part.
So did I. Nice little SP101.
I’d like to get their AR in .308 but that will have to wait awhile for me.
i think when I looked at it, it was around 17. thats still a great gain.
One good thing about investing in gun companies is that many institutional investors are barred from investing in them because they’re seen as not “socially responsible”. This means small investors have a a larger equity stake in the company and more influence on the boards. I like that.
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