Acushnet (GOLF) Scheduled to Post Earnings on Thursday

Acushnet (NYSE:GOLF) will announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Acushnet (NYSE:GOLF) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.09). The company had revenue of $683.90 million for the quarter, compared to the consensus estimate of $709.83 million. Acushnet had a net margin of 7.91% and a return on equity of 21.17%. Acushnet’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. On average, analysts expect Acushnet to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Acushnet Price Performance

NYSE GOLF opened at $63.24 on Wednesday. The company has a market cap of $3.91 billion, a PE ratio of 21.81 and a beta of 0.85. Acushnet has a 52 week low of $53.68 and a 52 week high of $74.77. The company has a quick ratio of 1.27, a current ratio of 2.28 and a debt-to-equity ratio of 0.81. The firm’s 50-day simple moving average is $63.63 and its two-hundred day simple moving average is $64.60.

Analysts Set New Price Targets

Several research firms have commented on GOLF. Truist Financial upped their price objective on shares of Acushnet from $63.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Jefferies Financial Group downgraded shares of Acushnet from a “buy” rating to a “hold” rating and dropped their price objective for the company from $86.00 to $75.00 in a report on Tuesday, September 17th. Finally, Compass Point dropped their price objective on shares of Acushnet from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Acushnet has a consensus rating of “Hold” and an average price target of $70.80.

Insider Transactions at Acushnet

In other news, Director Holdings Corp. Fila sold 1,110,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $64.19, for a total value of $71,250,900.00. Following the sale, the director now directly owns 31,412,966 shares of the company’s stock, valued at approximately $2,016,398,287.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 54.60% of the company’s stock.

Acushnet Company Profile

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.