Escalade (NASDAQ:ESCA) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Key Points

• Escalade reported a quarterly earnings per share (EPS) of $0.13, missing analysts' estimates of $0.23 by $0.10, and had revenue of $54.33 million compared to an expected $60.03 million.
• Shares of Escalade traded down 0.9% to $12.19, with a 1-year trading range between $11.93 and $16.99.
• The company declared a quarterly dividend of $0.15, reflecting an annualized dividend of $0.60 and a dividend yield of 4.9%.

Escalade (NASDAQ:ESCA - Get Free Report) posted its quarterly earnings data on Friday. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.10), RTT News reports. The firm had revenue of $54.33 million for the quarter, compared to the consensus estimate of $60.03 million. Escalade had a return on equity of 7.49% and a net margin of 5.54%.

Escalade Stock Down 0.9%

Shares of NASDAQ:ESCA traded down $0.11 during midday trading on Friday, reaching $12.19. The company had a trading volume of 7,196 shares, compared to its average volume of 17,737. Escalade has a 1-year low of $11.93 and a 1-year high of $16.99. The stock has a market cap of $168.03 million, a PE ratio of 12.43 and a beta of 0.77. The company has a quick ratio of 1.67, a current ratio of 4.05 and a debt-to-equity ratio of 0.10. The business's 50 day moving average price is $13.90 and its 200 day moving average price is $14.67.

Escalade Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Monday, October 6th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.9%. Escalade's payout ratio is 61.22%.

Insider Buying and Selling

In other Escalade news, CFO Stephen Wawrin sold 2,177 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $15.16, for a total value of $33,003.32. Following the completion of the transaction, the chief financial officer directly owned 43,000 shares in the company, valued at $651,880. This trade represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 28.75% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Escalade from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th.

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.

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