Escalade, Inc. (ESCA) Expected to Post Quarterly Sales of $48.25 Million
Wall Street analysts expect Escalade, Inc. (NASDAQ:ESCA) to report $48.25 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Escalade’s earnings, with the lowest sales estimate coming in at $45.6 million and the highest estimate coming in at $50.9 million. Escalade posted sales of $48.46 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.4%. The business is expected to announce its next earnings report on Thursday, August 3rd.
According to Zacks, analysts expect that Escalade will report full year sales of $48.25 million for the current fiscal year, with estimates ranging from $167.4 million to $170.9 million. For the next year, analysts anticipate that the firm will report sales of $178.35 million per share, with estimates ranging from $175.7 million to $181 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Escalade.
Escalade (NASDAQ:ESCA) last announced its quarterly earnings results on Thursday, April 20th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $30.81 million for the quarter, compared to the consensus estimate of $29.55 million. Escalade had a net margin of 6.58% and a return on equity of 11.09%.
ESCA has been the topic of several analyst reports. Zacks Investment Research upgraded Escalade from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Monday, February 27th. Roth Capital set a $17.00 target price on Escalade and gave the company a “buy” rating in a report on Saturday, February 25th. Finally, TheStreet cut Escalade from a “b” rating to a “c+” rating in a report on Friday, April 21st.
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Shares of Escalade (NASDAQ:ESCA) remained flat at $11.60 during mid-day trading on Friday. 15,029 shares of the company traded hands. The company’s 50-day moving average price is $12.57 and its 200 day moving average price is $13.03. Escalade has a 12 month low of $9.70 and a 12 month high of $14.70. The firm has a market cap of $166.41 million, a P/E ratio of 14.87 and a beta of 0.36.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 8th will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 3.97%. The ex-dividend date is Tuesday, June 6th. Escalade’s payout ratio is presently 57.14%.
A number of hedge funds have recently made changes to their positions in ESCA. Creative Planning acquired a new position in Escalade during the first quarter worth about $129,000. Beddow Capital Management Inc. acquired a new position in Escalade during the third quarter worth about $340,000. Geode Capital Management LLC boosted its position in Escalade by 5.0% in the first quarter. Geode Capital Management LLC now owns 66,571 shares of the company’s stock worth $858,000 after buying an additional 3,169 shares during the last quarter. Northstar Group Inc. acquired a new position in Escalade during the first quarter worth about $1,035,000. Finally, Bank of New York Mellon Corp boosted its position in Escalade by 9.0% in the first quarter. Bank of New York Mellon Corp now owns 112,632 shares of the company’s stock worth $1,453,000 after buying an additional 9,312 shares during the last quarter. Institutional investors and hedge funds own 24.58% of the company’s stock.
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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