Solo Brands (DTC) Scheduled to Post Earnings on Thursday

Solo Brands (NYSE:DTC) will be releasing its earnings data 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.Parties that wish to register for the company’s conference call can do so using this link.

Solo Brands (NYSE:DTC) last released its earnings results on Wednesday, August 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.07). The company had revenue of $131.55 million during the quarter, compared to analyst estimates of $128.50 million. Solo Brands had a negative net margin of 25.62% and a positive return on equity of 6.02%. During the same period in the previous year, the company posted $0.15 EPS. 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 Trading Up 5.1 %

Shares of Solo Brands stock traded up $0.07 during trading on Tuesday, hitting $1.44. 64,874 shares of the company were exchanged, compared to its average volume of 552,968. The firm’s fifty day moving average price is $1.40 and its 200 day moving average price is $1.77. 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.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $3.00 target price on shares of Solo Brands in a research note on Monday, September 30th. Citigroup lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $2.93.

Insider Transactions at Solo Brands

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