Acushnet Holdings Corp (NYSE:GOLF) – Stock analysts at Imperial Capital reduced their FY2020 earnings per share estimates for Acushnet in a research report issued on Friday, May 10th. Imperial Capital analyst G. Kelly now anticipates that the company will post earnings per share of $1.48 for the year, down from their previous estimate of $1.49.
Acushnet (NYSE:GOLF) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.11). The firm had revenue of $433.70 million for the quarter, compared to analyst estimates of $445.66 million. Acushnet had a return on equity of 10.19% and a net margin of 5.74%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 EPS.
Shares of NYSE GOLF opened at $24.44 on Monday. The company has a market cap of $1.87 billion, a PE ratio of 18.52, a PEG ratio of 2.40 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.25 and a quick ratio of 1.03. Acushnet has a 1 year low of $20.24 and a 1 year high of $27.87.
Hedge funds have recently modified their holdings of the business. Icon Wealth Partners LLC purchased a new position in Acushnet in the 1st quarter valued at approximately $34,000. Advisor Group Inc. boosted its position in Acushnet by 29.9% in the 4th quarter. Advisor Group Inc. now owns 1,986 shares of the company’s stock valued at $42,000 after buying an additional 457 shares during the period. Advisors Asset Management Inc. boosted its position in Acushnet by 170.3% in the 4th quarter. Advisors Asset Management Inc. now owns 2,587 shares of the company’s stock valued at $55,000 after buying an additional 1,630 shares during the period. SG Americas Securities LLC purchased a new position in Acushnet in the 1st quarter valued at approximately $189,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in Acushnet by 327.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,737 shares of the company’s stock valued at $226,000 after buying an additional 8,227 shares during the period. 50.54% of the stock is owned by institutional investors.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.14 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.56 annualized dividend and a yield of 2.29%. Acushnet’s dividend payout ratio is presently 42.42%.
Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.
See Also: What is a back-end load?
Receive News & Ratings for Acushnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acushnet and related companies with MarketBeat.com's FREE daily email newsletter.