Acushnet Holdings Corp. (NYSE:GOLF) to Post Q1 2025 Earnings of $1.50 Per Share, Roth Capital Forecasts

Acushnet Holdings Corp. (NYSE:GOLF - Free Report) - Analysts at Roth Capital issued their Q1 2025 earnings per share (EPS) estimates for Acushnet in a note issued to investors on Tuesday, May 7th. Roth Capital analyst G. Kelly expects that the company will earn $1.50 per share for the quarter. The consensus estimate for Acushnet's current full-year earnings is $3.17 per share. Roth Capital also issued estimates for Acushnet's FY2025 earnings at $3.34 EPS.

Other research analysts have also recently issued reports about the company. KeyCorp raised their target price on Acushnet from $65.00 to $75.00 and gave the stock an "overweight" rating in a research report on Friday, January 12th. Truist Financial increased their price objective on Acushnet from $62.00 to $63.00 and gave the stock a "hold" rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $66.86.

Acushnet Stock Performance

GOLF stock traded up $0.44 during midday trading on Thursday, hitting $63.47. The stock had a trading volume of 262,367 shares, compared to its average volume of 356,059. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 22.04 and a beta of 0.88. Acushnet has a 52 week low of $43.62 and a 52 week high of $70.10. The stock has a 50-day simple moving average of $63.36 and a 200 day simple moving average of $61.82. The company has a current ratio of 2.21, a quick ratio of 0.84 and a debt-to-equity ratio of 0.74.

Acushnet (NYSE:GOLF - Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.03). The firm had revenue of $413.00 million during the quarter, compared to the consensus estimate of $429.16 million. Acushnet had a return on equity of 20.09% and a net margin of 8.33%. The firm's quarterly revenue was down 7.7% compared to the same quarter last year.

Institutional Trading of Acushnet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Acushnet by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 2,995,230 shares of the company's stock worth $189,209,000 after purchasing an additional 20,547 shares during the period. Wellington Management Group LLP increased its position in Acushnet by 1.3% in the fourth quarter. Wellington Management Group LLP now owns 1,964,870 shares of the company's stock worth $124,121,000 after purchasing an additional 25,869 shares during the period. Ameriprise Financial Inc. increased its position in Acushnet by 8.0% in the third quarter. Ameriprise Financial Inc. now owns 965,654 shares of the company's stock worth $51,221,000 after purchasing an additional 71,263 shares during the period. Invesco Ltd. boosted its holdings in Acushnet by 1.6% during the third quarter. Invesco Ltd. now owns 545,158 shares of the company's stock worth $28,915,000 after buying an additional 8,687 shares during the last quarter. Finally, London Co. of Virginia boosted its holdings in Acushnet by 1.1% during the third quarter. London Co. of Virginia now owns 396,096 shares of the company's stock worth $21,009,000 after buying an additional 4,208 shares during the last quarter. 53.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Brendan J. Reidy sold 9,000 shares of the firm's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $64.49, for a total value of $580,410.00. Following the completion of the sale, the insider now directly owns 58,588 shares in the company, valued at $3,778,340.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider John Francis Duke, Jr. sold 17,000 shares of Acushnet stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $64.32, for a total value of $1,093,440.00. Following the completion of the sale, the insider now directly owns 130,472 shares in the company, valued at $8,391,959.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brendan J. Reidy sold 9,000 shares of Acushnet stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $64.49, for a total value of $580,410.00. Following the completion of the sale, the insider now owns 58,588 shares of the company's stock, valued at $3,778,340.12. The disclosure for this sale can be found here. 54.60% of the stock is currently owned by corporate insiders.

Acushnet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.35%. Acushnet's dividend payout ratio (DPR) is presently 29.86%.

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.