Brokerages predict that Acushnet Holdings Corp (NYSE:GOLF) will report earnings per share (EPS) of $0.18 for the current quarter, according to Zacks. Eight analysts have issued estimates for Acushnet’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.21. Acushnet posted earnings per share of $0.16 in the same quarter last year, which suggests a positive year-over-year growth rate of 12.5%. The company is scheduled to announce its next quarterly earnings report on Wednesday, March 6th.

According to Zacks, analysts expect that Acushnet will report full-year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.33 to $1.40. For the next year, analysts expect that the company will post earnings of $1.66 per share, with EPS estimates ranging from $1.48 to $1.83. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Acushnet.

Acushnet (NYSE:GOLF) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.06). Acushnet had a net margin of 6.10% and a return on equity of 11.27%. The company had revenue of $370.43 million during the quarter, compared to the consensus estimate of $358.70 million.

A number of brokerages have weighed in on GOLF. ValuEngine downgraded shares of Acushnet from a “buy” rating to a “hold” rating in a report on Friday, November 30th. Imperial Capital restated an “in-line” rating and issued a $26.00 price objective on shares of Acushnet in a research note on Friday, November 2nd. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.50.

Acushnet stock traded up $0.05 during mid-day trading on Friday, reaching $23.50. The company had a trading volume of 22,372 shares, compared to its average volume of 169,055. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.17 and a quick ratio of 1.18. Acushnet has a 52 week low of $17.55 and a 52 week high of $27.87. The company has a market cap of $1.75 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 2.56 and a beta of 0.74.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Thursday, November 29th. Acushnet’s dividend payout ratio (DPR) is currently 42.28%.

Acushnet Company Profile

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.

Further Reading: Quiet Period

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