$339.72 Million in Sales Expected for Acushnet Holdings Corp. (GOLF) This Quarter
Equities research analysts expect Acushnet Holdings Corp. (NYSE:GOLF) to announce sales of $339.72 million for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Acushnet Holdings Corp.’s earnings. The highest sales estimate is $347.10 million and the lowest is $333.50 million. Acushnet Holdings Corp. reported sales of $332.35 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.2%. The business is scheduled to announce 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 sales of $339.72 million for the current financial year, with estimates ranging from $1.54 billion to $1.55 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.59 billion per share, with estimates ranging from $1.57 billion to $1.63 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Acushnet Holdings Corp..
Several research analysts recently commented on GOLF shares. DA Davidson downgraded Acushnet Holdings Corp. from a “buy” rating to a “neutral” rating and increased their price objective for the company from $17.00 to $23.00 in a research note on Friday, August 11th. Roth Capital downgraded Acushnet Holdings Corp. from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research note on Monday, August 7th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.44.
TRADEMARK VIOLATION WARNING: “$339.72 Million in Sales Expected for Acushnet Holdings Corp. (GOLF) This Quarter” was published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/11/03/339-72-million-in-sales-expected-for-acushnet-holdings-corp-golf-this-quarter-2.html.
About Acushnet Holdings Corp.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Acushnet Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acushnet Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.