Escalade, Incorporated (NASDAQ:ESCA) Announces Quarterly Dividend of $0.15

Escalade, Incorporated (NASDAQ:ESCA) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Monday, January 4th will be paid a dividend of $0.1525 per share on Monday, January 11th. This represents a $0.61 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, January 4th.

Escalade Stock Performance

NASDAQ:ESCA opened at $20.14 on Friday. Escalade has a fifty-two week low of $11.41 and a fifty-two week high of $23.07. The firm has a market cap of $277.33 million, a PE ratio of 11.10 and a beta of 0.52. The business has a 50 day moving average price of $19.42 and a 200-day moving average price of $18.06.

Escalade (NASDAQ:ESCA) last posted its earnings results on Thursday, October 29th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.14. The business had revenue of $65.61 million during the quarter, compared to the consensus estimate of $68.48 million. Escalade had a net margin of 9.46% and a return on equity of 13.11%. Research analysts predict that Escalade will post 1.59 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. LADENBURG THALM/SH SH began coverage on Escalade in a research note on Tuesday, October 13th. They issued a “neutral” rating for the company. Weiss Ratings lowered Escalade from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Zacks Research cut Escalade from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Escalade has a consensus rating of “Hold”.

Escalade Company Profile

Escalade, Inc is a sporting goods manufacturer and distributor headquartered in Evansville, Indiana. The company develops, manufactures and markets products for recreational and competitive sports, with a focus on indoor and outdoor activities.

Its product portfolio includes table tennis equipment, pickleball and other game-related products, archery equipment, darts, billiards, game-room furnishings, and outdoor recreation products. Escalade sells products under a variety of established brands, including STIGA, Onix, Accudart, Victory Tailgate, Harrows and Unicorn, as well as through private-label offerings.

Escalade serves sporting goods retailers, specialty dealers, mass merchants, e-commerce channels and institutional customers in the United States and international markets.