Acushnet (NYSE:GOLF – Get Rating) posted its quarterly earnings data on Thursday. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.30, MarketWatch Earnings reports. Acushnet had a return on equity of 15.90% and a net margin of 8.33%. The company had revenue of $606.10 million during the quarter, compared to analysts’ expectations of $571.20 million. During the same period in the prior year, the firm earned $1.13 earnings per share. Acushnet’s revenue for the quarter was up 4.3% compared to the same quarter last year.
NYSE:GOLF traded down $1.05 on Friday, hitting $40.42. The company’s stock had a trading volume of 375,374 shares, compared to its average volume of 293,157. The firm has a market capitalization of $2.92 billion, a P/E ratio of 17.27 and a beta of 0.76. The company has a current ratio of 2.01, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. Acushnet has a one year low of $39.59 and a one year high of $57.87. The stock has a fifty day moving average of $42.06 and a two-hundred day moving average of $47.64.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 17th. Shareholders of record on Friday, June 3rd will be paid a $0.18 dividend. The ex-dividend date is Thursday, June 2nd. This represents a $0.72 annualized dividend and a yield of 1.78%. Acushnet’s dividend payout ratio is 30.77%.
GOLF has been the subject of several recent research reports. StockNews.com initiated coverage on Acushnet in a research report on Thursday, March 31st. They set a “hold” rating for the company. Truist Financial reduced their price target on Acushnet from $48.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, April 11th. KeyCorp reduced their price target on Acushnet from $63.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, March 3rd. Zacks Investment Research raised Acushnet from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Wednesday. Finally, Compass Point raised Acushnet from a “neutral” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Tuesday, January 18th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $53.14.
Acushnet Company Profile (Get Rating)
Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.
- Get a free copy of the StockNews.com research report on Acushnet (GOLF)
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