Acushnet (GOLF) To Go Ex-Dividend on December 4th

Acushnet (NYSE:GOLF) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.2550 per share on Friday, December 18th. This represents a $1.02 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 4th.

Acushnet has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 8 years. Acushnet has a dividend payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Acushnet to earn $4.11 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 24.8%.

Acushnet Price Performance

NYSE:GOLF opened at $83.43 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.48 and a debt-to-equity ratio of 0.98. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 21.63 and a beta of 0.77. The company’s 50-day moving average is $83.25 and its two-hundred day moving average is $94.09. Acushnet has a 12-month low of $76.96 and a 12-month high of $119.65.

Acushnet (NYSE:GOLF) last announced its earnings results on Wednesday, November 4th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.15). The firm had revenue of $649.23 million for the quarter, compared to analyst estimates of $647.99 million. Acushnet had a return on equity of 27.92% and a net margin of 8.17%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. Research analysts expect that Acushnet will post 4.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Acushnet from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Roth Capital reiterated a “neutral” rating and issued a $95.00 target price on shares of Acushnet in a research note on Friday, August 7th. Weiss Ratings lowered shares of Acushnet from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, September 28th. Finally, Stephens reduced their target price on Acushnet from $88.00 to $81.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Acushnet has an average rating of “Hold” and an average target price of $97.67.

Acushnet Company Profile

Acushnet Holdings Corp. is a golf equipment and performance-wear company headquartered in Fairhaven, Massachusetts. Through a portfolio of recognized brands, the company develops, manufactures and markets products used by golfers and golf facilities worldwide.

Its principal brands include Titleist, which offers golf balls, clubs, golf bags, gloves and accessories; FootJoy, which specializes in golf footwear, apparel and gloves; Scotty Cameron, known for premium putters and related accessories; and KJUS, which produces high-performance golf and outdoor apparel.