Escalade, Incorporated (ESCA) to Distribute Quarterly Dividend of $0.15 on October 13th

Escalade, Incorporated (NASDAQ:ESCA) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Tuesday, October 6th will be given a dividend of 0.1525 per share on Tuesday, October 13th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, October 6th.

Escalade has raised its dividend by an average of 0.0%per year over the last three years.

Escalade Stock Up 6.3%

ESCA stock opened at $20.88 on Friday. The business has a 50 day moving average price of $18.73 and a 200 day moving average price of $17.24. The stock has a market cap of $288.35 million, a price-to-earnings ratio of 18.64 and a beta of 0.59. Escalade has a fifty-two week low of $11.41 and a fifty-two week high of $21.32.

Escalade (NASDAQ:ESCA) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.52. The company had revenue of $57.70 million for the quarter, compared to analysts’ expectations of $57.60 million. Escalade had a net margin of 6.43% and a return on equity of 8.97%. As a group, sell-side analysts anticipate that Escalade will post 1.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ESCA. Weiss Ratings raised shares of Escalade from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 24th. Zacks Research downgraded Escalade from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Wall Street Zen raised Escalade from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Escalade Company Profile

Escalade, Inc is a U.S.-based manufacturer and distributor of recreational equipment and specialty products for both consumer and commercial markets. Headquartered in Evansville, Indiana, the company operates through two principal business segments: Sporting Goods and Commercial Products. The Sporting Goods segment encompasses a diverse range of products such as hockey and lacrosse goal assemblies, fitness accessories, archery and hunting gear, and table tennis equipment. The Commercial Products segment focuses on seating solutions for restaurants, hospitality venues and other public spaces under the Top Seat brand, as well as storage, display products and industrial carts.

Within Sporting Goods, Escalade markets its products under proprietary brands including Bear® Archery, Gene St.