Zacks: Analysts Expect Acushnet Holdings Corp. (GOLF) to Post $0.09 EPS
Wall Street analysts forecast that Acushnet Holdings Corp. (NYSE:GOLF) will post earnings of $0.09 per share for the current quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Acushnet Holdings Corp.’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.11. Acushnet Holdings Corp. posted earnings of ($0.22) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 140.9%. The business is expected to issue its next quarterly earnings report before the market opens on Wednesday, November 8th.
According to Zacks, analysts expect that Acushnet Holdings Corp. will report full-year earnings of $1.17 per share for the current year, with EPS estimates ranging from $1.05 to $1.26. For the next financial year, analysts expect that the business will report earnings of $1.22 per share, with EPS estimates ranging from $1.06 to $1.35. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Acushnet Holdings Corp..
A number of brokerages have issued reports on GOLF. Roth Capital cut Acushnet Holdings Corp. from a “buy” rating to a “neutral” rating and set a $20.00 target price on the stock. in a report on Monday, August 7th. DA Davidson cut Acushnet Holdings Corp. from a “buy” rating to a “neutral” rating and raised their target price for the stock from $17.00 to $23.00 in a report on Friday, August 11th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $21.44.
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Acushnet Holdings Corp. (NYSE:GOLF) traded down 1.46% during mid-day trading on Wednesday, reaching $18.20. 89,704 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $17.69 and a 200-day moving average price of $18.25. Acushnet Holdings Corp. has a 52 week low of $15.16 and a 52 week high of $22.31. The stock has a market cap of $1.36 billion and a P/E ratio of 19.12.
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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