Acushnet Holdings Corp. (NYSE:GOLF) Forecasted to Earn Q1 2025 Earnings of $1.50 Per Share

Acushnet Holdings Corp. (NYSE:GOLF) – Equities research analysts at Roth Capital issued their Q1 2025 earnings per share (EPS) estimates for Acushnet in a research note issued on Tuesday, May 7th. Roth Capital analyst G. Kelly expects that the company will earn $1.50 per share for the quarter. The consensus estimate for Acushnet’s current full-year earnings is $3.17 per share. Roth Capital also issued estimates for Acushnet’s FY2025 earnings at $3.34 EPS.

Acushnet (NYSE:GOLF) last released its earnings results on Thursday, February 29th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.03). The business had revenue of $413.00 million during the quarter, compared to analysts’ expectations of $429.16 million. Acushnet had a return on equity of 20.09% and a net margin of 8.33%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year.

Several other analysts also recently weighed in on GOLF. KeyCorp lifted their price target on shares of Acushnet from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, January 12th. Truist Financial lifted their target price on Acushnet from $62.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Acushnet currently has an average rating of “Moderate Buy” and a consensus price target of $66.86.

Acushnet Trading Up 0.7 %

Shares of GOLF opened at $63.47 on Thursday. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 22.04 and a beta of 0.88. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 0.84. Acushnet has a 1-year low of $43.62 and a 1-year high of $70.10. The company has a 50-day moving average of $63.36 and a 200 day moving average of $61.82.

Acushnet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Friday, June 7th. Acushnet’s dividend payout ratio (DPR) is currently 29.86%.

Insider Activity at Acushnet

In other Acushnet news, insider Brendan J. Reidy sold 9,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $64.49, for a total value of $580,410.00. Following the completion of the transaction, the insider now directly owns 58,588 shares in the company, valued at $3,778,340.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider John Francis Duke, Jr. sold 17,000 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $64.32, for a total transaction of $1,093,440.00. Following the transaction, the insider now directly owns 130,472 shares in the company, valued at approximately $8,391,959.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brendan J. Reidy sold 9,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $64.49, for a total value of $580,410.00. Following the transaction, the insider now directly owns 58,588 shares in the company, valued at $3,778,340.12. The disclosure for this sale can be found here. 54.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Acushnet

Several institutional investors have recently added to or reduced their stakes in the business. Azzad Asset Management Inc. ADV raised its position in shares of Acushnet by 1.9% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 9,305 shares of the company’s stock valued at $614,000 after purchasing an additional 173 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Acushnet by 2.0% during the third quarter. Arizona State Retirement System now owns 9,590 shares of the company’s stock worth $509,000 after buying an additional 188 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Acushnet by 43.3% during the third quarter. First Horizon Advisors Inc. now owns 711 shares of the company’s stock worth $38,000 after buying an additional 215 shares during the period. Franklin Resources Inc. grew its holdings in shares of Acushnet by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 20,815 shares of the company’s stock valued at $1,315,000 after buying an additional 317 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Acushnet by 6.6% in the 1st quarter. ProShare Advisors LLC now owns 5,447 shares of the company’s stock valued at $359,000 after acquiring an additional 339 shares during the period. Institutional investors and hedge funds own 53.12% of the company’s stock.

About Acushnet

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.