Aegis Equities Analysts Cut Earnings Estimates for Escalade

Escalade, Incorporated (NASDAQ:ESCA) – Stock analysts at Aegis dropped their FY2025 earnings per share (EPS) estimates for Escalade in a research note issued on Tuesday, June 24th. Aegis analyst R. Dionisio now anticipates that the company will post earnings per share of $0.89 for the year, down from their prior forecast of $0.95. The consensus estimate for Escalade’s current full-year earnings is $0.93 per share.

Escalade (NASDAQ:ESCA) last released its quarterly earnings results on Monday, May 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Escalade had a return on equity of 7.49% and a net margin of 5.54%. The firm had revenue of $55.48 million for the quarter, compared to analyst estimates of $54.44 million.

Separately, Wall Street Zen raised Escalade from a “buy” rating to a “strong-buy” rating in a report on Friday, May 16th.

Escalade Price Performance

Shares of ESCA opened at $13.95 on Thursday. Escalade has a twelve month low of $12.54 and a twelve month high of $16.99. The stock’s 50 day moving average is $14.61 and its two-hundred day moving average is $14.89. The firm has a market capitalization of $192.37 million, a PE ratio of 14.23 and a beta of 0.81. The company has a current ratio of 4.05, a quick ratio of 1.67 and a debt-to-equity ratio of 0.10.

Escalade Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, July 7th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, July 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.30%. Escalade’s payout ratio is 61.22%.

Insiders Place Their Bets

In other Escalade news, CFO Stephen Wawrin sold 2,177 shares of the business’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $15.16, for a total transaction of $33,003.32. Following the sale, the chief financial officer now directly owns 43,000 shares in the company, valued at approximately $651,880. The trade was a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 28.75% of the stock is owned by company insiders.

Institutional Trading of Escalade

A number of institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in shares of Escalade by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 127,446 shares of the company’s stock worth $1,820,000 after acquiring an additional 7,659 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Escalade by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 28,786 shares of the company’s stock worth $411,000 after acquiring an additional 2,221 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Escalade by 98.1% in the fourth quarter. JPMorgan Chase & Co. now owns 37,474 shares of the company’s stock worth $535,000 after acquiring an additional 18,560 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Escalade in the fourth quarter worth $217,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Escalade by 22.9% in the fourth quarter. Wells Fargo & Company MN now owns 6,870 shares of the company’s stock worth $98,000 after acquiring an additional 1,278 shares during the last quarter. 65.22% of the stock is currently owned by hedge funds and other institutional investors.

Escalade Company Profile

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.