Acushnet Holdings Corp. (GOLF) Expected to Post Quarterly Sales of $339.80 Million
Analysts predict that Acushnet Holdings Corp. (NYSE:GOLF) will report $339.80 million in sales for the current quarter, according to Zacks Investment Research. Eleven analysts have issued 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 company is expected to issue its next quarterly earnings report on Thursday, December 14th.
On average, analysts expect that Acushnet Holdings Corp. will report full-year sales of $339.80 million for the current year, with estimates ranging from $1.54 billion to $1.55 billion. For the next financial year, analysts forecast 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 research firms that cover Acushnet Holdings Corp..
GOLF has been the subject of several analyst reports. Roth Capital cut Acushnet Holdings Corp. from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a report on Monday, August 7th. DA Davidson lowered Acushnet Holdings Corp. from a “buy” rating to a “neutral” rating and upped their price target for the company from $17.00 to $23.00 in a research note on Friday, August 11th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $21.65.
Acushnet Holdings Corp. (GOLF) opened at 17.05 on Tuesday. The company has a market capitalization of $1.27 billion and a P/E ratio of 17.91. The stock’s 50 day moving average price is $16.91 and its 200-day moving average price is $16.91. Acushnet Holdings Corp. has a 52-week low of $16.33 and a 52-week high of $22.31.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.48 dividend on an annualized basis and a yield of 2.82%. Acushnet Holdings Corp.’s payout ratio is 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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