Acushnet (GOLF) to Release Quarterly Earnings on Wednesday

Acushnet (NYSE:GOLF - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data before the market opens on Wednesday, May 7th. Analysts expect Acushnet to post earnings of $1.32 per share and revenue of $697.82 million for the quarter. Acushnet has set its FY 2025 guidance at EPS.

Acushnet (NYSE:GOLF - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.33) by $0.31. The company had revenue of $445.17 billion during the quarter, compared to analysts' expectations of $454.83 million. Acushnet had a net margin of 7.78% and a return on equity of 21.45%. On average, analysts expect Acushnet to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Acushnet Stock Up 2.9 %

GOLF stock opened at $65.38 on Wednesday. The company's 50 day simple moving average is $64.25 and its 200-day simple moving average is $67.32. The firm has a market capitalization of $3.92 billion, a PE ratio of 22.24 and a beta of 0.84. Acushnet has a 12 month low of $55.31 and a 12 month high of $76.65. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.10 and a quick ratio of 1.14.

Acushnet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Acushnet's previous quarterly dividend of $0.22. This represents a $0.94 annualized dividend and a yield of 1.44%. Acushnet's dividend payout ratio is 28.23%.

Insider Buying and Selling at Acushnet

In related news, insider Steven Francis Pelisek sold 20,000 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $70.86, for a total value of $1,417,200.00. Following the sale, the insider now owns 96,006 shares of the company's stock, valued at $6,802,985.16. The trade was a 17.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 54.60% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on GOLF shares. StockNews.com lowered Acushnet from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. JPMorgan Chase & Co. lowered Acushnet from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $69.00 to $64.00 in a research note on Thursday, January 23rd. Compass Point upgraded Acushnet from a "neutral" rating to a "buy" rating and increased their target price for the company from $77.00 to $80.00 in a research note on Tuesday, March 4th. Truist Financial lowered their target price on Acushnet from $68.00 to $64.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Finally, KeyCorp reduced their price target on Acushnet from $77.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $70.60.

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.

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