Zacks: Brokerages Set $16.50 Price Target for Escalade, Inc. (ESCA)

Escalade, Inc. (NASDAQ:ESCA) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price objective of $16.50 for the company and are predicting that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also given Escalade an industry rank of 42 out of 265 based on the ratings given to its competitors.

A number of research analysts have issued reports on ESCA shares. Zacks Investment Research upgraded shares of Escalade from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, November 22nd. Aegis restated a “buy” rating and issued a $16.00 target price on shares of Escalade in a report on Monday, September 25th.

Escalade (ESCA) traded up $0.35 during trading hours on Monday, reaching $13.05. 5,500 shares of the company’s stock were exchanged, compared to its average volume of 9,531. The stock has a market cap of $187.54, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 1.02 and a beta of 0.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.84 and a current ratio of 3.76. Escalade has a 52 week low of $11.31 and a 52 week high of $14.38.

Escalade (NASDAQ:ESCA) last released its earnings results on Thursday, November 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.06. The company had revenue of $41.89 million for the quarter, compared to analyst estimates of $40.40 million. Escalade had a net margin of 5.89% and a return on equity of 9.72%. equities analysts predict that Escalade will post 0.75 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Skylands Capital LLC lifted its holdings in shares of Escalade by 167.8% during the 3rd quarter. Skylands Capital LLC now owns 9,406 shares of the company’s stock worth $128,000 after acquiring an additional 5,894 shares during the period. Rhumbline Advisers lifted its holdings in shares of Escalade by 4.9% during the 2nd quarter. Rhumbline Advisers now owns 13,875 shares of the company’s stock worth $182,000 after acquiring an additional 647 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Escalade by 18.2% during the 2nd quarter. Teachers Advisors LLC now owns 16,831 shares of the company’s stock worth $220,000 after acquiring an additional 2,586 shares during the period. Northern Trust Corp lifted its holdings in shares of Escalade by 7.2% during the 2nd quarter. Northern Trust Corp now owns 129,228 shares of the company’s stock worth $1,693,000 after acquiring an additional 8,726 shares during the period. Finally, State Street Corp lifted its holdings in shares of Escalade by 9.8% during the 2nd quarter. State Street Corp now owns 130,666 shares of the company’s stock worth $1,710,000 after acquiring an additional 11,654 shares during the period. Institutional investors and hedge funds own 26.66% of the company’s stock.

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Escalade Company Profile

Escalade, Incorporated (Escalade) is a manufacturer and distributor of sporting goods through its subsidiary Escalade Sports. The Company operates in Sporting Goods (Escalade Sports) segment. Escalade Sports manufactures, imports and distributes sporting goods brands in basketball goals, archery, indoor and outdoor game recreation and fitness products through sporting goods retailers, specialty dealers, key online retailers, traditional department stores and mass merchants.

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