Analysts Anticipate Acushnet Holdings Corp. (GOLF) Will Post Quarterly Sales of $339.80 Million
Analysts forecast that Acushnet Holdings Corp. (NYSE:GOLF) will report sales of $339.80 million for the current quarter, according to Zacks. Eleven analysts have provided estimates for Acushnet Holdings Corp.’s earnings, with estimates ranging from $333.50 million to $347.10 million. Acushnet Holdings Corp. posted sales of $332.35 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.2%. The business is scheduled to issue its next earnings results on Thursday, December 14th.
According to Zacks, analysts expect that Acushnet Holdings Corp. will report full-year sales of $339.80 million for the current fiscal year, with estimates ranging from $1.54 billion to $1.55 billion. For the next financial year, analysts expect that the business will report sales of $1.59 billion per share, with estimates ranging from $1.57 billion to $1.63 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Acushnet Holdings Corp..
Several analysts have recently weighed in on GOLF shares. Roth Capital cut shares of Acushnet Holdings Corp. from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a research report on Monday, August 7th. DA Davidson cut shares of Acushnet Holdings Corp. from a “buy” rating to a “neutral” rating and raised their price objective for the company from $17.00 to $23.00 in a research report on Friday, August 11th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Acushnet Holdings Corp. has an average rating of “Hold” and an average target price of $21.65.
Shares of Acushnet Holdings Corp. (GOLF) opened at 16.65 on Friday. Acushnet Holdings Corp. has a 1-year low of $15.16 and a 1-year high of $22.31. The firm’s 50 day moving average is $17.28 and its 200-day moving average is $18.24. The company has a market cap of $1.24 billion and a PE ratio of 17.49.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Wednesday, August 30th. Acushnet Holdings Corp.’s payout ratio is presently 90.57%.
Acushnet Holdings Corp. Company Profile
Acushnet Holdings Corp. is engaged in the design, development, manufacture and distribution of golf products. The Company is engaged in various product categories, such as golf clubs, wedges, putters, golf gloves, golf gear and golf wear. The Company operates in four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear and FootJoy Golf Wear.
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