Escalade, Incorporated (ESCA) Releases Earnings Results, Beats Estimates By $0.06 EPS
Escalade, Incorporated (NASDAQ:ESCA) posted its earnings results on Thursday. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06, Bloomberg Earnings reports. The firm had revenue of $41.89 million during the quarter, compared to the consensus estimate of $40.40 million. Escalade, had a return on equity of 9.80% and a net margin of 5.89%.
Escalade, (NASDAQ ESCA) traded up $0.55 during mid-day trading on Friday, reaching $12.85. The company’s stock had a trading volume of 16,464 shares, compared to its average volume of 8,649. The firm has a market cap of $179.63 million, a PE ratio of 17.61, a price-to-earnings-growth ratio of 1.15 and a beta of 0.06. The company has a quick ratio of 2.06, a current ratio of 4.08 and a debt-to-equity ratio of 0.22.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 11th will be paid a $0.115 dividend. The ex-dividend date is Friday, December 8th. This represents a $0.46 dividend on an annualized basis and a yield of 3.58%. Escalade,’s payout ratio is 64.79%.
In related news, CEO David L. Fetherman sold 9,250 shares of Escalade, stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $12.11, for a total transaction of $112,017.50. Following the completion of the sale, the chief executive officer now owns 102,729 shares of the company’s stock, valued at approximately $1,244,048.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.00% of the company’s stock.
A hedge fund recently raised its stake in Escalade, stock. State Street Corp grew its position in Escalade, Incorporated (NASDAQ:ESCA) by 9.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,666 shares of the company’s stock after buying an additional 11,654 shares during the quarter. State Street Corp owned 0.91% of Escalade, worth $1,710,000 as of its most recent SEC filing. Institutional investors own 26.52% of the company’s stock.
A number of research analysts have recently commented on ESCA shares. Zacks Investment Research downgraded Escalade, from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Aegis restated a “buy” rating and set a $16.00 price target on shares of Escalade, in a report on Monday, September 25th. ValuEngine lowered Escalade, from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, TheStreet upgraded Escalade, from a “c+” rating to a “b” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $16.50.
Escalade, Incorporated (Escalade) is a manufacturer and distributor of sporting goods through its subsidiary Escalade Sports. The Company operates in Sporting Goods (Escalade Sports) segment. Escalade Sports manufactures, imports and distributes sporting goods brands in basketball goals, archery, indoor and outdoor game recreation and fitness products through sporting goods retailers, specialty dealers, key online retailers, traditional department stores and mass merchants.
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