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%.

A number of equities analysts have issued reports on GOLF shares. DA Davidson reiterated a “hold” rating on shares of Acushnet in a research note on Monday, May 7th. ValuEngine downgraded Acushnet from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Nomura reiterated a “neutral” rating and set a $19.00 price target on shares of Acushnet in a research note on Tuesday, July 31st. Compass Point reiterated a “hold” rating and set a $25.00 price target on shares of Acushnet in a research note on Thursday, August 2nd. Finally, SunTrust Banks reiterated a “buy” rating and set a $28.00 price target on shares of Acushnet in a research note on Thursday, August 2nd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $25.50.

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%.

About Acushnet

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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