Traeger (COOK) to Release Earnings on Wednesday

Traeger (NYSE:COOK) is set to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect Traeger to post earnings of $0.04 per share for the quarter. Traeger has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Traeger (NYSE:COOK) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04). Traeger had a negative return on equity of 20.91% and a negative net margin of 11.26%. The firm had revenue of $163.48 million during the quarter, compared to analysts’ expectations of $153.10 million. On average, analysts expect Traeger to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Traeger Trading Up 1.3 %

Shares of Traeger stock opened at $2.27 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.62 and a debt-to-equity ratio of 1.36. The company has a fifty day moving average of $2.27 and a 200 day moving average of $2.37. Traeger has a fifty-two week low of $1.97 and a fifty-two week high of $6.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on COOK shares. Canaccord Genuity Group cut their price objective on shares of Traeger from $5.00 to $4.00 and set a “buy” rating for the company in a report on Wednesday, March 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $4.50 price objective on shares of Traeger in a research report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $4.47.

Traeger Company Profile

Traeger, Inc, together with its subsidiaries, designs, sources, sells, and supports wood pellet fueled barbecue grills for retailers, distributors, and direct to consumers in the United States. Its wood pellet grills are internet of things devices that allow owners to program, monitor, and control their grill through its Traeger app.