Solo Brands (DTC) to Release Quarterly Earnings on Thursday

Solo Brands (NYSE:DTC) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Solo Brands to post earnings of $0.05 per share for the quarter. Solo Brands has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Solo Brands (NYSE:DTC) last issued its earnings results on Wednesday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). Solo Brands had a positive return on equity of 6.02% and a negative net margin of 25.62%. The company had revenue of $131.55 million during the quarter, compared to analyst estimates of $128.50 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. On average, analysts expect Solo Brands to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Solo Brands Stock Performance

Solo Brands stock opened at $1.30 on Thursday. The company has a 50 day moving average price of $1.42 and a 200 day moving average price of $1.79. The firm has a market capitalization of $119.12 million, a price-to-earnings ratio of -0.60 and a beta of 2.54. Solo Brands has a 52 week low of $1.08 and a 52 week high of $6.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 2.49.

Analyst Upgrades and Downgrades

DTC has been the subject of a number of analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $3.00 target price on shares of Solo Brands in a research note on Monday, September 30th. Citigroup cut their price target on Solo Brands from $2.50 to $1.35 and set a “neutral” rating for the company in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $2.93.

Insider Activity

In other news, CEO Christopher T. Metz acquired 115,174 shares of the company’s stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of $1.30 per share, with a total value of $149,726.20. Following the acquisition, the chief executive officer now owns 365,174 shares of the company’s stock, valued at $474,726.20. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Solo Brands news, CEO Christopher T. Metz purchased 115,174 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of $1.30 per share, with a total value of $149,726.20. Following the completion of the purchase, the chief executive officer now directly owns 365,174 shares in the company, valued at approximately $474,726.20. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher T. Metz bought 134,826 shares of the stock in a transaction on Monday, August 12th. The shares were acquired at an average cost of $1.30 per share, with a total value of $175,273.80. Following the acquisition, the chief executive officer now directly owns 500,000 shares in the company, valued at approximately $650,000. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by insiders.

About Solo Brands

Solo Brands, Inc operates a direct-to-consumer platform that offers outdoor and lifestyle branded products in the United States. The company provides camp stoves under the Solo Stove Lite brand name; fire pits under the Solo Stove brand name; kayaks under the Oru brand name; paddle boards under the ISLE brand name; and storage solutions for fire pits, firewood, and other accessories.