Acushnet Holdings Corp (NYSE:GOLF) has received a consensus recommendation of “Hold” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $25.50.
A number of equities analysts have commented on the stock. ValuEngine cut shares of Acushnet from a “buy” rating to a “hold” rating in a research note on Friday, November 30th. Imperial Capital reissued an “in-line” rating and issued a $26.00 price target on shares of Acushnet in a research note on Friday, November 2nd.
GOLF stock opened at $23.50 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.17 and a quick ratio of 1.18. Acushnet has a one year low of $17.55 and a one year high of $27.87. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 2.56 and a beta of 0.74.
Acushnet (NYSE:GOLF) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.06). Acushnet had a return on equity of 11.27% and a net margin of 6.10%. The company had revenue of $370.43 million during the quarter, compared to analysts’ expectations of $358.70 million. As a group, equities research analysts forecast that Acushnet will post 1.37 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.13 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.21%. Acushnet’s dividend payout ratio (DPR) is 42.28%.
Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products worldwide. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. The Titleist Golf Balls segment designs, manufactures, and sells golf balls under the Titleist brands, such as Tour Soft, Velocity, and DT TruSoft, as well as under the Pinnacle brand.
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