Acushnet Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Acushnet in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Acushnet stock.
View analyst ratings for Acushnet or view top-rated stocks.

6 analysts have issued twelve-month price targets for Acushnet's shares. Their GOLF stock forecasts range from $44.00 to $62.00. On average, they expect Acushnet's share price to reach $54.17 in the next year. This suggests a possible upside of 29.6% from the stock's current price.
View analysts' price targets for Acushnet or view top-rated stocks among Wall Street analysts.

Acushnet's stock was trading at $53.08 at the start of the year. Since then, GOLF stock has decreased by 21.3% and is now trading at $41.80.
View the best growth stocks for 2022 here.

Acushnet is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Acushnet.

Acushnet Holdings Corp. (NYSE:GOLF) posted its earnings results on Thursday, May, 5th. The company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.31. The business earned $606.10 million during the quarter, compared to analysts' expectations of $571.20 million. Acushnet had a trailing twelve-month return on equity of 15.47% and a net margin of 8.05%. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 earnings per share.
View Acushnet's earnings history.

Acushnet declared a quarterly dividend on Friday, May 6th. Investors of record on Friday, June 3rd will be given a dividend of $0.18 per share on Friday, June 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Thursday, June 2nd.
View Acushnet's dividend history.

Acushnet(NYSE:GOLF) pays an annual dividend of $0.72 per share and currently has a dividend yield of 1.73%. Acushnet has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Acushnet is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Acushnet will have a dividend payout ratio of 24.83% next year. This indicates that Acushnet will be able to sustain or increase its dividend.
View Acushnet's dividend history.

Acushnet issued an update on its FY 2022 earnings guidance on Monday, May, 23rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.17 billion-$2.23 billion, compared to the consensus revenue estimate of $2.20 billion.

25 employees have rated Acushnet CEO Wally Uihlein on Glassdoor.com. Wally Uihlein has an approval rating of 91% among Acushnet's employees. This puts Wally Uihlein in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Acushnet include YETI (YETI), Callaway Golf (ELY), Peloton Interactive (PTON), SPORTS DIRECT I/ADR (SDISY), Clarus (CLAR), Johnson Outdoors (JOUT), Solo Brands (DTC), Escalade (ESCA), American Outdoor Brands (AOUT), Nautilus (NLS), Alliance Sports Group (BOLL), American Rare Earths and Materials (AREM), iSatori (IFIT) and Western Metals (WTLC).
View all of GOLF's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Acushnet investors own include Advanced Micro Devices (AMD), AbbVie (ABBV), Procter & Gamble (PG), Verizon Communications (VZ), Cisco Systems (CSCO), Pfizer (PFE), Micron Technology (MU), Target (TGT), Abbott Laboratories (ABT) and Apollo Global Management (APO).

(GOLF) raised $434 million in an initial public offering on Friday, October 28th 2016. The company issued 19,300,000 shares at a price of $21.00-$24.00 per share. J.P. Morgan, Morgan Stanley, Nomura and UBS Investment Bank acted as the underwriters for the IPO and Credit Suisse, Daiwa Capital Markets, Deutsche Bank Securities, Jefferies, Wells Fargo Securities, D.A. Davidson, KeyBanc Capital Markets, Raymond James and SunTrust Robinson Humphrey were co-managers.

Acushnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "GOLF."

Shares of GOLF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of GOLF stock can currently be purchased for approximately $41.80.

Acushnet (NYSE:GOLF) has a market capitalization of $3.02 billion and generates $2.15 billion in revenue each year. The company earns $178.87 million in net income (profit) each year or $2.34 on an earnings per share basis.

Acushnet employs 6,500 workers across the globe.

Acushnet's mailing address is 333 BRIDGE STREET, FAIRHAVEN MA, 02719. The official website for Acushnet is www.acushnetholdingscorp.com. The company can be reached via phone at (800) 225-8500.