NYSE:GOLF - Acushnet Stock Price, Forecast & News

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

Acushnet announced a quarterly dividend on Thursday, October 31st. Shareholders of record on Friday, November 29th will be paid a dividend of $0.14 per share on Friday, December 13th. This represents a $0.56 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, November 27th. View Acushnet's Dividend History.

Acushnet Holdings Corp (NYSE:GOLF) released its earnings results on Thursday, October, 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.10. The business earned $417.20 million during the quarter, compared to the consensus estimate of $398.32 million. Acushnet had a net margin of 6.92% and a return on equity of 12.07%. The business's revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 EPS. View Acushnet's Earnings History.

Acushnet is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for Acushnet.

7 Wall Street analysts have issued twelve-month price targets for Acushnet's stock. Their forecasts range from $23.50 to $34.00. On average, they anticipate Acushnet's share price to reach $27.81 in the next twelve months. This suggests that the stock has a possible downside of 13.6%. View Analyst Price Targets for Acushnet.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acushnet in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Acushnet.

News articles about GOLF stock have trended positive this week, according to InfoTrie. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Acushnet earned a media sentiment score of 2.2 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Acushnet.

Acushnet saw a decline in short interest during the month of December. As of December 31st, there was short interest totalling 1,280,000 shares, a decline of 12.3% from the December 15th total of 1,460,000 shares. Based on an average daily trading volume, of 230,000 shares, the days-to-cover ratio is presently 5.6 days. Currently, 3.7% of the company's stock are sold short. View Acushnet's Current Options Chain.

Some companies that are related to Acushnet include Yeti (YETI), SPORTS DIRECT I/ADR (SDISY), Callaway Golf (ELY), Johnson Outdoors (JOUT), Clarus (CLAR), Escalade (ESCA) and Nautilus (NLS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Acushnet investors own include Verizon Communications (VZ), AT&T (T), Altria Group (MO), Procter & Gamble (PG), CBL & Associates Properties (CBL), NextEra Energy (NEE), Cisco Systems (CSCO), Walt Disney (DIS), AbbVie (ABBV) and Alibaba Group (BABA).

(GOLF) raised $434 million in an initial public offering on Friday, October 28th 2016. The company issued 19,300,000 shares at $21.00-$24.00 per share. J.P. Morgan, Morgan Stanley, Nomura and UBS Investment Bank served 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's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Alpha Windward LLC (0.02%). View Institutional Ownership Trends for Acushnet.

GOLF stock was sold by a variety of institutional investors in the last quarter, including Alpha Windward LLC. View Insider Buying and Selling for Acushnet.

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

One share of GOLF stock can currently be purchased for approximately $32.20.

Acushnet has a market capitalization of $2.42 billion and generates $1.63 billion in revenue each year. The company earns $99.87 million in net income (profit) each year or $1.32 on an earnings per share basis. Acushnet employs 5,209 workers across the globe.View Additional Information About Acushnet.

The official website for Acushnet is http://www.acushnetholdingscorp.com/.

Acushnet's mailing address is 333 BRIDGE STREET, FAIRHAVEN MA, 02719. The company can be reached via phone at 800-225-8500.