$339.80 Million in Sales Expected for Acushnet Holdings Corp. (GOLF) This Quarter
Analysts forecast that Acushnet Holdings Corp. (NYSE:GOLF) will post sales of $339.80 million for the current quarter, Zacks reports. Eleven analysts have issued estimates for Acushnet Holdings Corp.’s earnings. The highest sales estimate is $347.10 million and the lowest is $333.50 million. Acushnet Holdings Corp. posted sales of $332.35 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.2%. The business is expected to report its next quarterly earnings report on Thursday, December 14th.
According to Zacks, analysts expect that Acushnet Holdings Corp. will report full-year sales of $339.80 million for the current financial year, with estimates ranging from $1.54 billion to $1.55 billion. For the next financial year, analysts anticipate that the business will post sales of $1.59 billion per share, with estimates ranging from $1.57 billion to $1.63 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Acushnet Holdings Corp..
A number of brokerages recently issued reports on GOLF. DA Davidson lowered shares of Acushnet Holdings Corp. from a “buy” rating to a “neutral” rating and raised their price target for the stock from $17.00 to $23.00 in a report on Friday, August 11th. Roth Capital lowered shares of Acushnet Holdings Corp. from a “buy” rating to a “neutral” rating and set a $20.00 price target for the company. in a report on Monday, August 7th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $21.65.
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Acushnet Holdings Corp. (GOLF) traded up 0.28% during mid-day trading on Tuesday, hitting $17.78. The stock had a trading volume of 85,046 shares. The firm’s 50-day moving average is $16.91 and its 200 day moving average is $16.91. The stock has a market cap of $1.32 billion and a PE ratio of 18.68. Acushnet Holdings Corp. has a one year low of $16.33 and a one year high of $22.31.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Wednesday, August 30th. Acushnet Holdings Corp.’s payout ratio is currently 90.57%.
Acushnet Holdings Corp. Company Profile
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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