Benchmark reiterated a Buy rating on Sturm, Ruger & Company RGR and a price target of $60.
Benchmark wrote, “Sturm, Ruger & Company is scheduled to report its Q2FY12 results on Wednesday, August 1, after the close; the call is scheduled for the following morning. We believe Ruger will report strong Q2 results, specifically on the top line. Our $111 million revenue estimate represents 40% y/y growth, supported by a 1.1 million unit backlog, which is greater than the total number of units shipped throughout the entire FY11.”
Sturm, Ruger & Company closed at $42.58 on Friday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in