Solo Brands (DTC) Scheduled to Post Earnings on Thursday

Solo Brands (NYSE:DTC) will be posting 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 are interested in registering for the company’s earnings conference call can do so using this link.

Solo Brands (NYSE:DTC) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.07). Solo Brands had a negative net margin of 25.62% and a positive return on equity of 6.02%. The business had revenue of $131.55 million during the quarter, compared to analyst estimates of $128.50 million. During the same quarter last year, the company posted $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 traded up $0.07 during midday trading on Tuesday, hitting $1.44. The company’s stock had a trading volume of 64,874 shares, compared to its average volume of 552,968. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.49 and a quick ratio of 1.15. Solo Brands has a 1-year low of $1.08 and a 1-year high of $6.36. The company has a 50-day moving average price of $1.40 and a two-hundred day moving average price of $1.77.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

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

Solo Brands Company Profile

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.