Escalade (NASDAQ:ESCA) Releases Earnings Results, Beats Estimates By $0.23 EPS


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Escalade (NASDAQ:ESCA) released its earnings results on Wednesday. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.23, MarketWatch Earnings reports. Escalade had a return on equity of 17.85% and a net margin of 9.52%.

Shares of ESCA traded up $1.54 during midday trading on Friday, hitting $22.79. 73,439 shares of the company’s stock traded hands, compared to its average volume of 44,375. Escalade has a 1 year low of $6.66 and a 1 year high of $24.05. The firm’s fifty day moving average is $21.44 and its 200-day moving average is $20.97. The stock has a market capitalization of $316.07 million, a price-to-earnings ratio of 13.90 and a beta of 1.30.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 8th. Stockholders of record on Tuesday, June 1st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 28th. This represents a $0.56 annualized dividend and a dividend yield of 2.46%. Escalade’s dividend payout ratio is presently 112.00%.

Several brokerages have issued reports on ESCA. Aegis increased their target price on Escalade from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, February 25th. Zacks Investment Research raised Escalade from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, February 22nd.

Escalade Company Profile

Escalade, Incorporated, together with its subsidiaries, manufactures and sells sporting goods in North America, Europe, and internationally. The company manufactures, imports, and distributes various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products.

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Earnings History for Escalade (NASDAQ:ESCA)

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