Escalade (NASDAQ:ESCA) Posts Earnings Results, Misses Expectations 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) issued its quarterly earnings results on Friday. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.10), RTT News reports. The business had revenue of $54.33 million for the quarter, compared to analyst estimates of $60.03 million. Escalade had a return on equity of 6.85% and a net margin of 5.30%.

Escalade Price Performance

Shares of Escalade stock traded up $0.15 on Tuesday, hitting $12.16. The company's stock had a trading volume of 19,264 shares, compared to its average volume of 18,071. Escalade has a 52-week low of $11.75 and a 52-week high of $16.99. 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 firm has a fifty day moving average price of $13.83 and a 200-day moving average price of $14.63. The company has a market capitalization of $167.65 million, a P/E ratio of 13.36 and a beta of 0.74.

Escalade Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Monday, October 6th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Monday, October 6th. Escalade's payout ratio is presently 65.93%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Escalade from a "strong-buy" rating to a "buy" rating in a report on Saturday.

Insider Activity at Escalade

In other Escalade news, CFO Stephen Wawrin sold 2,177 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $15.16, for a total value of $33,003.32. Following the transaction, the chief financial officer directly owned 43,000 shares in the company, valued at approximately $651,880. This represents a 4.82% decrease in their position. The transaction 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 corporate insiders.

Escalade Company Profile

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.