Escalade, Incorporated (NASDAQ:ESCA) to Issue $0.15 Quarterly Dividend

Key Points

• Escalade, Incorporated has declared a quarterly dividend of $0.15 per share, payable on October 13th to investors of record as of October 6th, reflecting a 5.0% dividend yield.
• The company reported $0.13 EPS for the quarter, missing analysts' expectations of $0.23 EPS, with revenues of $54.33 million against a consensus estimate of $60.03 million.
• Escalade's stock opened at $12.10 with a market capitalization of $166.79 million, showing strong fundamentals with a debt-to-equity ratio of 0.10.

Escalade, Incorporated (NASDAQ:ESCA - Get Free Report) declared a quarterly dividend on Friday, August 1st, RTT News reports. Investors of record on Monday, October 6th will be given a dividend of 0.15 per share on Monday, October 13th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, October 6th.

Escalade Price Performance

ESCA stock traded up $0.15 during trading on Tuesday, hitting $12.16. The company had a trading volume of 19,264 shares, compared to its average volume of 18,071. The company has a fifty day moving average price of $13.83 and a two-hundred day moving average price of $14.63. Escalade has a fifty-two week low of $11.75 and a fifty-two week high of $16.99. The company has a market cap of $167.65 million, a P/E ratio of 13.36 and a beta of 0.74. The company has a current ratio of 4.05, a quick ratio of 1.67 and a debt-to-equity ratio of 0.10.

Escalade (NASDAQ:ESCA - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10). The firm had revenue of $54.33 million during the quarter, compared to the consensus estimate of $60.03 million. Escalade had a return on equity of 6.85% and a net margin of 5.30%. Equities research analysts expect that Escalade will post 0.93 earnings per share for the current fiscal year.

About Escalade

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.