$339.72 Million in Sales Expected for Acushnet Holdings Corp. (GOLF) This Quarter
Analysts expect Acushnet Holdings Corp. (NYSE:GOLF) to report $339.72 million in sales for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Acushnet Holdings Corp.’s earnings, with estimates ranging from $333.50 million to $347.10 million. Acushnet Holdings Corp. posted sales of $332.35 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.2%. The business is scheduled to report its next quarterly earnings results before the market opens on Wednesday, November 8th.
On average, analysts expect that Acushnet Holdings Corp. will report full year sales of $339.72 million for the current year, with estimates ranging from $1.54 billion to $1.55 billion. For the next year, analysts anticipate that the company will post sales of $1.59 billion per share, with estimates ranging from $1.57 billion to $1.63 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Acushnet Holdings Corp..
A number of research firms have recently commented on GOLF. DA Davidson downgraded shares of Acushnet Holdings Corp. from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $17.00 to $23.00 in a report on Friday, August 11th. Roth Capital downgraded shares of Acushnet Holdings Corp. from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a report on Monday, August 7th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Acushnet Holdings Corp. presently has an average rating of “Hold” and a consensus price target of $21.44.
Acushnet Holdings Corp. (NYSE:GOLF) traded up $0.04 on Friday, reaching $18.13. 35,750 shares of the company traded hands, compared to its average volume of 200,225. The company has a market capitalization of $1,346.84 and a PE ratio of 25.48. Acushnet Holdings Corp. has a 1-year low of $15.16 and a 1-year high of $22.31. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.18 and a quick ratio of 1.28.
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Acushnet Holdings Corp. Company Profile
Acushnet Holdings Corp. is engaged in the design, development, manufacture and distribution of golf products. The Company is engaged in various product categories, such as golf clubs, wedges, putters, golf gloves, golf gear and golf wear. The Company operates in four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear and FootJoy Golf Wear.
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