Solo Brands Inc Forecasted to Earn FY2021 Earnings of $0.94 Per Share (NYSE:DTC)

Solo Brands Inc (NYSE:DTC) – Stock analysts at Piper Sandler increased their FY2021 earnings estimates for Solo Brands in a research note issued to investors on Wednesday, January 12th. Piper Sandler analyst P. Keith now anticipates that the company will post earnings of $0.94 per share for the year, up from their prior estimate of $0.81. Piper Sandler has a “Overweight” rating and a $23.00 price target on the stock. Piper Sandler also issued estimates for Solo Brands’ Q1 2022 earnings at $0.14 EPS, Q2 2022 earnings at $0.36 EPS, Q3 2022 earnings at $0.18 EPS, Q1 2023 earnings at $0.14 EPS, Q2 2023 earnings at $0.39 EPS and Q3 2023 earnings at $0.19 EPS.

Several other equities analysts have also commented on the stock. JPMorgan Chase & Co. began coverage on shares of Solo Brands in a research report on Monday, November 22nd. They set an “overweight” rating and a $27.00 price target for the company. Credit Suisse Group began coverage on shares of Solo Brands in a research note on Monday, November 22nd. They set an “outperform” rating and a $28.00 price objective for the company. Jefferies Financial Group boosted their price objective on shares of Solo Brands from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup upgraded shares of Solo Brands from a “neutral” rating to a “buy” rating and upped their target price for the company from $17.00 to $20.00 in a research note on Wednesday. Finally, William Blair started coverage on shares of Solo Brands in a report on Monday, November 22nd. They issued an “outperform” rating on the stock. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $26.50.

Shares of DTC opened at $15.93 on Thursday. The business’s 50-day simple moving average is $16.59. The company has a quick ratio of 1.07, a current ratio of 4.98 and a debt-to-equity ratio of 0.92. Solo Brands has a 12-month low of $13.46 and a 12-month high of $23.39.

Solo Brands (NYSE:DTC) last released its quarterly earnings data on Tuesday, December 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). The company had revenue of $69.40 million for the quarter, compared to analysts’ expectations of $68.05 million. The company’s quarterly revenue was up 4.2% on a year-over-year basis.

In related news, CEO John Merris bought 14,126 shares of the firm’s stock in a transaction that occurred on Tuesday, December 14th. The stock was purchased at an average price of $14.12 per share, for a total transaction of $199,459.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Solo Brands Company Profile

Solo Brands Inc is a DTC platform which offers products directly to consumers primarily online through lifestyle brands Solo Stove firepits, stoves, and accessories, Chubbies apparel, Oru Kayak, a folding portable kayak and Isle paddleboards. Solo Brands Inc is based in SOUTHLAKE, Texas.

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Earnings History and Estimates for Solo Brands (NYSE:DTC)

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