Acushnet (NYSE:GOLF) Issues Earnings Results, Beats Expectations By $0.45 EPS

Acushnet (NYSE:GOLF) released its earnings results on Thursday. The company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.45, FiscalAI reports. Acushnet had a return on equity of 27.98% and a net margin of 8.12%.The firm had revenue of $819.95 million for the quarter, compared to analyst estimates of $788.24 million. During the same quarter in the prior year, the firm posted $1.25 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis.

Here are the key takeaways from Acushnet’s conference call:

• Strong second-quarter performance: Net sales rose 14% to $820 million, while Adjusted EBITDA increased 46%, driven by momentum in Titleist golf equipment, particularly the GTS metals launch.
• Acushnet raised its full-year outlook to $2.65 billion–$2.675 billion in sales and $450 million–$470 million in Adjusted EBITDA, supported by continued strength in Titleist equipment and healthy golf participation.
• Management expects second-half sales to decline by low single digits and Adjusted EBITDA to fall year over year, especially in the fourth quarter, because the accelerated GTS launch shifted significant club sales into the second quarter.
• The company is investing in golf-ball manufacturing, club assembly, customization, automation, and technology platforms; capacity is near full utilization, with further cast-urethane expansion planned over the next one to two years.
• Wearables remain soft in Japan and Korea, while higher synthetic rubber, tungsten, freight, and other supplier costs are expected to offset much of the benefit from lower projected tariff expense and refunds.

Acushnet Stock Down 0.1%

NYSE GOLF traded down $0.12 during trading hours on Friday, reaching $93.72. 501,824 shares of the company’s stock were exchanged, compared to its average volume of 318,916. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.59 and a current ratio of 2.55. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 25.54 and a beta of 0.81. The company’s 50-day moving average is $105.13 and its two-hundred day moving average is $98.55. Acushnet has a one year low of $73.09 and a one year high of $119.65.

Acushnet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a $0.255 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.02 annualized dividend and a dividend yield of 1.1%. Acushnet’s payout ratio is currently 35.92%.

Analyst Upgrades and Downgrades

GOLF has been the subject of a number of recent analyst reports. Weiss Ratings raised Acushnet from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of Acushnet from $96.00 to $118.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Roth Capital reaffirmed a “neutral” rating and issued a $95.00 target price on shares of Acushnet in a research note on Friday. Finally, Truist Financial increased their target price on shares of Acushnet from $95.00 to $97.00 and gave the stock a “hold” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $99.17.

Acushnet News Summary

Here are the key news stories impacting Acushnet this week:

• Positive Sentiment: Acushnet earned $2.08 per share, well above the $1.63 analyst consensus, while revenue rose 13.8% year over year to $819.95 million, exceeding estimates of $788.24 million. Earnings also increased from $1.25 per share in the year-ago quarter. Acushnet Second Quarter 2026 Financial Results
• Positive Sentiment: Management outlined 2026 sales of approximately $2.65 billion to $2.675 billion and adjusted EBITDA of $450 million to $470 million. Coverage highlighted strong performance from the Titleist golf-club business and an improved outlook. Acushnet 2026 Sales and EBITDA Outlook
• Positive Sentiment: The company declared a quarterly dividend of $0.255 per share, payable September 18 to shareholders of record September 4. The dividend implies an annualized payout of $1.02 and a yield of about 1.1%. Acushnet Dividend Announcement
• Neutral Sentiment: Although the quarterly numbers were strong, the reported full-year sales outlook is broadly in line with analyst expectations near $2.7 billion, limiting the potential for a major upward revision to forecasts. The stock’s valuation, at roughly 33 times earnings, may also leave less room for disappointment.
• Negative Sentiment: The shares remain below their 50-day moving average, suggesting investors may be taking profits or focusing on whether the forward guidance can justify the premium valuation despite the earnings beat.

Insider Buying and Selling

In related news, insider Steven Francis Pelisek sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $91.26, for a total transaction of $1,368,900.00. Following the sale, the insider directly owned 70,512 shares in the company, valued at $6,434,925.12. This trade represents a 17.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nicholas N. Mohamed sold 529 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $95.00, for a total transaction of $50,255.00. Following the completion of the transaction, the insider directly owned 2,868 shares of the company’s stock, valued at approximately $272,460. The trade was a 15.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 53.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley raised its position in Acushnet by 22.3% in the 4th quarter. Morgan Stanley now owns 1,379,236 shares of the company’s stock valued at $110,091,000 after buying an additional 251,889 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Acushnet by 0.4% during the 2nd quarter. Raymond James Financial Inc. now owns 952,453 shares of the company’s stock worth $69,358,000 after acquiring an additional 4,243 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Acushnet by 31.8% in the second quarter. Bank of America Corp DE now owns 457,460 shares of the company’s stock valued at $33,312,000 after purchasing an additional 110,245 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Acushnet by 55.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 303,957 shares of the company’s stock worth $24,262,000 after purchasing an additional 107,840 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in shares of Acushnet by 51.3% in the second quarter. Balyasny Asset Management L.P. now owns 223,282 shares of the company’s stock worth $16,259,000 after purchasing an additional 75,663 shares in the last quarter. 53.12% of the stock is owned by institutional investors and hedge funds.

About Acushnet

Acushnet Holdings Corp., traded on the NYSE under the symbol GOLF, is a leading designer, manufacturer and marketer of golf equipment, footwear, apparel and accessories. The company’s portfolio encompasses a range of golf lifestyle products, with a focus on innovation, performance and quality for players of all skill levels.

At the core of Acushnet’s product lineup is the Titleist brand, globally recognized for its Tour-level golf balls and precision-engineered clubs. FootJoy offers golf shoes, gloves and apparel that blend comfort, style and technical performance, while Scotty Cameron putters and Vokey design wedges cater to players seeking exacting standards in feel and accuracy.