Analysts Expect Acushnet Holdings Corp (GOLF) Will Post Earnings of $0.58 Per Share

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Equities research analysts predict that Acushnet Holdings Corp (NYSE:GOLF) will post $0.58 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Acushnet’s earnings. The lowest EPS estimate is $0.53 and the highest is $0.62. Acushnet posted earnings per share of $0.44 in the same quarter last year, which would indicate a positive year-over-year growth rate of 31.8%. The business is expected to issue its next quarterly earnings report on Wednesday, November 14th.

On average, analysts expect that Acushnet will report full year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.52. For the next financial year, analysts anticipate that the company will report earnings of $1.65 per share, with EPS estimates ranging from $1.52 to $1.83. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Acushnet.

Acushnet (NYSE:GOLF) last released its earnings results on Thursday, August 2nd. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.05). Acushnet had a return on equity of 11.81% and a net margin of 6.32%. The business had revenue of $478.14 million for the quarter, compared to analyst estimates of $453.42 million.

A number of brokerages have commented on GOLF. Morgan Stanley raised their price objective on Acushnet from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, August 3rd. KeyCorp reissued a “buy” rating and issued a $28.00 price objective on shares of Acushnet in a research note on Friday, August 3rd. ValuEngine raised Acushnet from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Imperial Capital raised their price objective on Acushnet from $22.00 to $26.00 and gave the company an “in-line” rating in a research note on Monday, August 6th. Finally, Compass Point reissued a “hold” rating and issued a $25.00 price objective on shares of Acushnet in a research note on Thursday, August 2nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Acushnet currently has a consensus rating of “Buy” and a consensus price target of $25.50.

Acushnet stock traded up $0.01 during mid-day trading on Friday, reaching $27.52. The stock had a trading volume of 1,202 shares, compared to its average volume of 231,824. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.31 and a current ratio of 2.24. Acushnet has a fifty-two week low of $15.95 and a fifty-two week high of $27.85. The stock has a market capitalization of $2.06 billion and a PE ratio of 22.38.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.89%. Acushnet’s dividend payout ratio (DPR) is presently 42.28%.

About Acushnet

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products worldwide. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. The Titleist Golf Balls segment designs, manufactures, and sells golf balls under the Titleist brands, such as Tour Soft, Velocity, and DT TruSoft, as well as under the Pinnacle brand.

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