Brokerages Expect Acushnet Holdings Corp (GOLF) Will Post Quarterly Sales of $342.14 Million

Equities research analysts expect that Acushnet Holdings Corp (NYSE:GOLF) will report sales of $342.14 million for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Acushnet’s earnings. The highest sales estimate is $348.10 million and the lowest is $337.80 million. Acushnet reported sales of $329.76 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.8%. The firm is scheduled to issue its next earnings report on Thursday, March 29th.

On average, analysts expect that Acushnet will report full year sales of $342.14 million for the current fiscal year. For the next fiscal year, analysts anticipate 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 a mean average based on a survey of analysts that that provide coverage for Acushnet.

Shares of Acushnet (NYSE:GOLF) opened at $20.03 on Monday. The company has a quick ratio of 1.21, a current ratio of 2.31 and a debt-to-equity ratio of 0.51. Acushnet has a 12 month low of $15.16 and a 12 month high of $22.31. The firm has a market capitalization of $1,491.81, a P/E ratio of 19.08, a P/E/G ratio of 2.89 and a beta of 1.82.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.48 dividend on an annualized basis and a yield of 2.40%. Acushnet’s payout ratio is 45.71%.

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About Acushnet

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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