Escalade, Incorporated (NASDAQ:ESCA - Free Report) - Investment analysts at Aegis lowered their FY2025 earnings estimates for shares of Escalade in a research report issued on Tuesday, June 24th. Aegis analyst R. Dionisio now anticipates that the company will post earnings per share of $0.89 for the year, down from their previous estimate of $0.95. The consensus estimate for Escalade's current full-year earnings is $0.93 per share.
Separately, Wall Street Zen raised Escalade from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th.
Read Our Latest Stock Analysis on ESCA
Escalade Stock Performance
Shares of NASDAQ ESCA opened at $13.67 on Thursday. The company has a current ratio of 4.05, a quick ratio of 1.67 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $188.51 million, a P/E ratio of 13.95 and a beta of 0.81. Escalade has a 12 month low of $12.54 and a 12 month high of $16.99. The stock has a 50 day moving average of $14.63 and a 200-day moving average of $14.90.
Escalade (NASDAQ:ESCA - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. Escalade had a return on equity of 7.49% and a net margin of 5.54%. The firm had revenue of $55.48 million for the quarter, compared to analyst estimates of $54.44 million.
Escalade Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, July 7th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend is Monday, July 7th. Escalade's payout ratio is 61.22%.
Insider Activity at Escalade
In other news, CFO Stephen Wawrin sold 2,177 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $15.16, for a total transaction of $33,003.32. Following the transaction, the chief financial officer now owns 43,000 shares in the company, valued at approximately $651,880. This trade represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 28.75% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Escalade by 250.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock worth $33,000 after buying an additional 1,635 shares in the last quarter. GAMMA Investing LLC increased its position in Escalade by 27,223.8% during the first quarter. GAMMA Investing LLC now owns 5,738 shares of the company's stock worth $88,000 after acquiring an additional 5,717 shares during the period. Wells Fargo & Company MN raised its stake in Escalade by 22.9% in the 4th quarter. Wells Fargo & Company MN now owns 6,870 shares of the company's stock worth $98,000 after purchasing an additional 1,278 shares in the last quarter. Renaissance Technologies LLC raised its stake in Escalade by 6.9% in the 4th quarter. Renaissance Technologies LLC now owns 12,430 shares of the company's stock worth $178,000 after purchasing an additional 800 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in Escalade by 149.7% in the 4th quarter. Deutsche Bank AG now owns 13,221 shares of the company's stock valued at $189,000 after purchasing an additional 7,927 shares during the period. 65.22% of the stock is owned by institutional investors and hedge funds.
About Escalade
(
Get Free Report)
Escalade, Incorporated, together with its subsidiaries, manufactures, distributes, imports, and sells sporting goods in North America, Europe, and internationally. The company provides various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products.
Further Reading
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