Solo Brands (DTC) Scheduled to Post Quarterly Earnings on Thursday

Solo Brands (NYSE:DTC) will be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to post earnings of $0.01 per share for the quarter. Solo Brands has set its FY 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

Solo Brands (NYSE:DTC) last released its quarterly earnings data on Thursday, March 14th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. The firm had revenue of $165.32 million during the quarter, compared to analysts’ expectations of $166.15 million. Solo Brands had a negative net margin of 22.50% and a positive return on equity of 7.33%. 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

NYSE:DTC opened at $1.95 on Wednesday. The company’s 50-day moving average is $2.11 and its two-hundred day moving average is $3.45. Solo Brands has a 1-year low of $1.74 and a 1-year high of $7.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 0.95. The firm has a market capitalization of $177.80 million, a price-to-earnings ratio of -1.01, a PEG ratio of 0.69 and a beta of 2.59.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DTC. Piper Sandler reiterated a “neutral” rating and issued a $3.00 price objective (down from $4.00) on shares of Solo Brands in a report on Friday, March 15th. JPMorgan Chase & Co. cut Solo Brands from an “overweight” rating to an “underweight” rating in a report on Friday, February 2nd. Canaccord Genuity Group cut their price objective on Solo Brands from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, March 13th. B. Riley reaffirmed a “neutral” rating and issued a $2.20 target price (down previously from $4.00) on shares of Solo Brands in a research report on Friday, March 15th. Finally, Citigroup dropped their price target on shares of Solo Brands from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $3.54.

Insider Activity at Solo Brands

In other Solo Brands news, CEO Christopher T. Metz purchased 100,000 shares of Solo Brands stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of $2.27 per share, with a total value of $227,000.00. Following the completion of the transaction, the chief executive officer now owns 100,000 shares of the company’s stock, valued at $227,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.34% of the stock is currently owned by company 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.