$0.58 EPS Expected for Acushnet Holdings Corp (GOLF) This Quarter
Equities analysts expect Acushnet Holdings Corp (NYSE:GOLF) to post earnings per share of $0.58 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Acushnet’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.53. Acushnet posted earnings of $0.44 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.8%. The firm is expected to report its next quarterly earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that Acushnet will report full year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.52. For the next year, analysts expect that the company will report earnings of $1.65 per share, with EPS estimates ranging from $1.52 to $1.83. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Acushnet.
Acushnet (NYSE:GOLF) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.05). The company had revenue of $478.14 million for the quarter, compared to analyst estimates of $453.42 million. Acushnet had a net margin of 6.32% and a return on equity of 11.81%.
Acushnet traded up $0.57, reaching $27.15, during mid-day trading on Tuesday, MarketBeat.com reports. 215,556 shares of the company traded hands, compared to its average volume of 202,834. The company has a market capitalization of $1.99 billion and a P/E ratio of 22.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.31 and a current ratio of 2.24. Acushnet has a fifty-two week low of $15.16 and a fifty-two week high of $27.56.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, August 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.92%. Acushnet’s dividend payout ratio is currently 42.28%.
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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