Acushnet Holdings Corp (NYSE:GOLF) – Investment analysts at KeyCorp issued their Q1 2019 EPS estimates for shares of Acushnet in a research report issued to clients and investors on Wednesday, January 9th. KeyCorp analyst B. Andress anticipates that the company will post earnings of $0.63 per share for the quarter. KeyCorp also issued estimates for Acushnet’s Q2 2019 earnings at $0.60 EPS, Q3 2019 earnings at $0.27 EPS and Q4 2019 earnings at $0.26 EPS.

Acushnet (NYSE:GOLF) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.06). Acushnet had a return on equity of 11.27% and a net margin of 6.10%. The firm had revenue of $370.43 million for the quarter, compared to the consensus estimate of $358.70 million.

Other equities research analysts have also recently issued reports about the company. Compass Point upgraded Acushnet from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 2nd. Stephens initiated coverage on Acushnet in a research note on Tuesday. They issued an “equal weight” rating for the company. ValuEngine cut Acushnet from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd. JPMorgan Chase & Co. initiated coverage on Acushnet in a research note on Thursday, December 20th. They issued a “hold” rating and a $24.00 price target for the company. Finally, Imperial Capital reiterated an “in-line” rating and issued a $26.00 price target on shares of Acushnet in a research note on Friday, November 2nd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Acushnet currently has a consensus rating of “Hold” and a consensus price target of $25.29.

Shares of NYSE:GOLF opened at $22.31 on Friday. Acushnet has a 12-month low of $17.55 and a 12-month high of $27.87. The company has a market cap of $1.65 billion, a PE ratio of 18.14, a PEG ratio of 2.02 and a beta of 0.81. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.17 and a quick ratio of 1.18.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 30th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.33%. The ex-dividend date was Thursday, November 29th. Acushnet’s payout ratio is presently 42.28%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOLF. Martingale Asset Management L P bought a new stake in Acushnet during the third quarter worth $217,000. Legal & General Group Plc lifted its stake in Acushnet by 141.9% during the third quarter. Legal & General Group Plc now owns 13,297 shares of the company’s stock worth $365,000 after purchasing an additional 7,801 shares during the last quarter. Finally, Teachers Advisors LLC lifted its stake in Acushnet by 4.7% during the third quarter. Teachers Advisors LLC now owns 64,943 shares of the company’s stock worth $1,781,000 after purchasing an additional 2,898 shares during the last quarter. Hedge funds and other institutional investors own 50.92% of the company’s stock.

About Acushnet

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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