Escalade (NASDAQ:ESCA – Get Rating) posted its quarterly earnings results on Thursday. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.21, MarketWatch Earnings reports. Escalade had a net margin of 7.78% and a return on equity of 16.88%. During the same quarter in the previous year, the firm posted $0.39 EPS.
NASDAQ:ESCA opened at $13.36 on Friday. The company has a market capitalization of $180.23 million, a PE ratio of 7.59 and a beta of 1.34. The company has a quick ratio of 1.63, a current ratio of 3.55 and a debt-to-equity ratio of 0.34. Escalade has a 52-week low of $12.50 and a 52-week high of $25.72. The stock has a fifty day simple moving average of $13.46 and a 200-day simple moving average of $15.94.
The company also recently declared a quarterly dividend, which was paid on Monday, March 21st. Stockholders of record on Monday, March 14th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.49%. The ex-dividend date was Friday, March 11th. This is an increase from Escalade’s previous quarterly dividend of $0.14. Escalade’s payout ratio is 34.09%.
In other news, CEO Walter P. Jr. Glazer purchased 3,312 shares of the business’s stock in a transaction dated Friday, March 4th. The stock was acquired at an average price of $13.13 per share, with a total value of $43,486.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 20.45% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in Escalade by 795.3% in the 2nd quarter. Morgan Stanley now owns 30,333 shares of the company’s stock valued at $696,000 after purchasing an additional 26,945 shares during the last quarter. Millennium Management LLC purchased a new position in Escalade in the 2nd quarter worth approximately $310,000. Invesco Ltd. boosted its holdings in Escalade by 10.4% in the 3rd quarter. Invesco Ltd. now owns 20,339 shares of the company’s stock worth $385,000 after acquiring an additional 1,924 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Escalade by 225.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,338 shares of the company’s stock worth $44,000 after acquiring an additional 1,619 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Escalade by 40.2% in the 4th quarter. Bank of America Corp DE now owns 11,526 shares of the company’s stock worth $182,000 after acquiring an additional 3,306 shares during the period. 28.10% of the stock is owned by institutional investors and hedge funds.
Escalade Company Profile (Get Rating)
Escalade, Incorporated, together with its subsidiaries, manufactures, distributes, imports, and sells sporting goods in North America, Europe, and internationally. The company provides various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products.
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