Traeger (COOK) Scheduled to Post Quarterly Earnings on Wednesday

Traeger (NYSE:COOK) will announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce 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.Parties interested in listening to the company’s conference call can do so using this link.

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

Traeger Price Performance

Shares of COOK opened at $2.16 on Wednesday. The stock’s 50-day moving average price is $2.26 and its two-hundred day moving average price is $2.38. The company has a quick ratio of 0.90, a current ratio of 1.62 and a debt-to-equity ratio of 1.36. Traeger has a 12 month low of $1.97 and a 12 month high of $6.70.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on COOK. Canaccord Genuity Group decreased their price objective on shares of Traeger from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Telsey Advisory Group restated an “outperform” rating and set a $4.50 target price (down previously from $5.00) on shares of Traeger in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Traeger currently has an average rating of “Moderate Buy” and a consensus 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.