Solo Brands (DTC) Projected to Post Quarterly Earnings on Wednesday

Solo Brands (NYSE:DTC) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, March 12th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $161.60 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Solo Brands Stock Down 7.9 %

NYSE DTC opened at $0.65 on Tuesday. The stock’s 50-day moving average price is $0.96 and its 200-day moving average price is $1.18. The company has a market capitalization of $59.59 million, a P/E ratio of -0.19 and a beta of 2.49. The company has a quick ratio of 0.60, a current ratio of 1.57 and a debt-to-equity ratio of 0.60. Solo Brands has a 52 week low of $0.65 and a 52 week high of $2.57.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a $3.00 price objective on shares of Solo Brands in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $2.52.

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.