Wall Street analysts expect Acushnet Holdings Corp (NYSE:GOLF) to report earnings per share of $0.58 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Acushnet’s earnings. The lowest EPS estimate is $0.53 and the highest is $0.62. Acushnet reported earnings per share of $0.44 in the same quarter last year, which would suggest a positive year over year growth rate of 31.8%. The firm is expected to report its next earnings report on Wednesday, November 14th.

According to Zacks, analysts expect that Acushnet will report full year earnings of $1.44 per share for the current financial year, with EPS estimates ranging from $1.38 to $1.52. For the next financial year, analysts anticipate that the company will report earnings of $1.65 per share, with EPS estimates ranging from $1.52 to $1.83. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Acushnet.

Acushnet (NYSE:GOLF) last issued its earnings results on Thursday, August 2nd. The company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.05). Acushnet had a net margin of 6.32% and a return on equity of 11.81%. The firm had revenue of $478.14 million during the quarter, compared to analyst estimates of $453.42 million.

A number of brokerages recently weighed in on GOLF. Morgan Stanley lifted their target price on Acushnet from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, August 3rd. KeyCorp reiterated a “buy” rating and issued a $28.00 target price on shares of Acushnet in a report on Friday, August 3rd. ValuEngine upgraded Acushnet from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Imperial Capital lifted their target price on Acushnet from $22.00 to $26.00 and gave the company an “in-line” rating in a report on Monday, August 6th. Finally, Compass Point reiterated a “hold” rating and issued a $25.00 target price on shares of Acushnet in a report on Thursday, August 2nd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Acushnet currently has an average rating of “Buy” and an average price target of $25.50.

Shares of Acushnet stock opened at $26.92 on Monday. Acushnet has a twelve month low of $16.59 and a twelve month high of $27.87. The firm has a market capitalization of $2.01 billion, a P/E ratio of 21.02, a PEG ratio of 2.80 and a beta of 0.19. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.31 and a current ratio of 2.24.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, August 30th. Acushnet’s dividend payout ratio is presently 42.28%.

Acushnet Company Profile

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products worldwide. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. The Titleist Golf Balls segment designs, manufactures, and sells golf balls under the Titleist brands, such as Tour Soft, Velocity, and DT TruSoft, as well as under the Pinnacle brand.

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