Acushnet (GOLF) to Release Quarterly Earnings on Thursday

Acushnet (NYSE:GOLF) is scheduled to be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect Acushnet to post earnings of $0.79 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Acushnet (NYSE:GOLF) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.09). Acushnet had a net margin of 7.91% and a return on equity of 21.17%. The company had revenue of $683.90 million for the quarter, compared to analysts’ expectations of $709.83 million. During the same period last year, the firm earned $1.09 earnings per share. Acushnet’s quarterly revenue was down .8% compared to the same quarter last year. On average, analysts expect Acushnet to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Acushnet Stock Performance

GOLF traded down $0.39 on Tuesday, reaching $62.28. 10,590 shares of the stock were exchanged, compared to its average volume of 307,094. The company’s 50-day moving average price is $63.70 and its 200 day moving average price is $64.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.28 and a quick ratio of 1.27. The firm has a market capitalization of $3.85 billion, a PE ratio of 21.61 and a beta of 0.85. Acushnet has a fifty-two week low of $53.68 and a fifty-two week high of $74.77.

Insider Activity at Acushnet

In other Acushnet news, Director Holdings Corp. Fila sold 1,110,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $64.19, for a total transaction of $71,250,900.00. Following the transaction, the director now owns 31,412,966 shares in the company, valued at approximately $2,016,398,287.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 54.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on GOLF shares. Truist Financial increased their price target on shares of Acushnet from $63.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Compass Point decreased their price objective on Acushnet from $78.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Jefferies Financial Group lowered Acushnet from a “buy” rating to a “hold” rating and dropped their target price for the stock from $86.00 to $75.00 in a report on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $70.80.

Acushnet Company Profile

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.