Acushnet (GOLF) To Go Ex-Dividend on March 6th

Acushnet (NYSE:GOLF) declared a quarterly dividend on Thursday, February 26th. Stockholders of record on Friday, March 6th will be paid a dividend of 0.255 per share on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, March 6th. This is a 8.5% increase from Acushnet’s previous quarterly dividend of $0.24.

Acushnet has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 8 years. Acushnet has a dividend payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Acushnet to earn $3.35 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 30.4%.

Acushnet Price Performance

Shares of NYSE:GOLF opened at $99.14 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.30 and a current ratio of 2.42. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 31.98 and a beta of 0.88. The business has a 50-day simple moving average of $93.76 and a two-hundred day simple moving average of $84.52. Acushnet has a fifty-two week low of $55.31 and a fifty-two week high of $104.81.

Acushnet (NYSE:GOLF) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.31). Acushnet had a net margin of 7.37% and a return on equity of 33.68%. The company had revenue of $477.22 million for the quarter, compared to analysts’ expectations of $453.59 million. During the same period in the previous year, the business earned ($0.02) EPS. The business’s revenue was up 7.2% compared to the same quarter last year. On average, analysts expect that Acushnet will post 3.06 earnings per share for the current year.

About Acushnet

Acushnet Holdings Corp., traded on the NYSE under the symbol GOLF, is a leading designer, manufacturer and marketer of golf equipment, footwear, apparel and accessories. The company’s portfolio encompasses a range of golf lifestyle products, with a focus on innovation, performance and quality for players of all skill levels.

At the core of Acushnet’s product lineup is the Titleist brand, globally recognized for its Tour-level golf balls and precision-engineered clubs. FootJoy offers golf shoes, gloves and apparel that blend comfort, style and technical performance, while Scotty Cameron putters and Vokey design wedges cater to players seeking exacting standards in feel and accuracy.