Acushnet (NYSE:GOLF) Announces Earnings Results, Misses Expectations By $0.15 EPS

Acushnet (NYSE:GOLF) posted its earnings results on Wednesday. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.15), FiscalAI reports. Acushnet had a net margin of 8.12% and a return on equity of 27.98%. The firm had revenue of $649.23 million during the quarter, compared to the consensus estimate of $647.99 million. During the same quarter in the prior year, the business posted $0.81 earnings per share. Acushnet’s revenue for the quarter was down 1.3% compared to the same quarter last year.

Here are the key takeaways from Acushnet’s conference call:

• Titleist golf equipment remained the key growth driver: sales rose 1% in the quarter and 10% year to date, with strength in golf balls across all regions and continued momentum from GTS metals, Vokey wedges and Scotty Cameron putters.
• For the first nine months, net sales increased 6% and Adjusted EBITDA rose 17%; excluding about $34 million in net tariff refunds, EBITDA was up 8%. The company maintained its full-year sales outlook and expects Adjusted EBITDA of $455 million to $470 million, including about $30 million in tariff refunds.
• Third-quarter net sales fell 1% and Adjusted EBITDA declined 3%. Lower FootJoy and golf gear sales weighed on results, and the company cited temporary disruption to custom embroidery operations during its ERP rollout.
• FootJoy sales declined, but management said its focus on premium, performance-oriented products is supporting higher average selling prices, expanded margins and improved year-over-year profitability. Golf footwear sales grew more than 30% in the quarter.
• The midpoint of full-year guidance implies a roughly $5 million Adjusted EBITDA loss in Q4, reflecting the seasonal downturn, the earlier GTS launch and the transition to the 2027 Pro V1. Management also flagged rising material and labor costs and said 2027 results will no longer include the tariff-refund benefit.

Acushnet Trading Down 2.9%

GOLF stock traded down $2.45 during trading on Thursday, hitting $83.43. The company had a trading volume of 387,730 shares, compared to its average volume of 353,964. The business has a 50-day moving average of $83.32 and a 200-day moving average of $94.13. Acushnet has a one year low of $76.96 and a one year high of $119.65. The stock has a market cap of $4.87 billion, a PE ratio of 22.73 and a beta of 0.77. The company has a current ratio of 2.55, a quick ratio of 1.48 and a debt-to-equity ratio of 1.01.

Acushnet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be paid a $0.2550 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 4th. Acushnet’s payout ratio is currently 27.64%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GOLF. Roth Capital reiterated a “neutral” rating and issued a $95.00 price objective on shares of Acushnet in a report on Friday, August 7th. Stephens reduced their target price on shares of Acushnet from $88.00 to $81.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 14th. Weiss Ratings downgraded shares of Acushnet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, September 28th. Finally, Wall Street Zen upgraded shares of Acushnet from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $96.57.

Key Stories Impacting Acushnet

Here are the key news stories impacting Acushnet this week:

• Positive Sentiment: Q3 revenue of $649.2 million narrowly exceeded analyst expectations of about $648 million. Acushnet forecast 2026 net sales of $2.65 billion to $2.675 billion. Acushnet Q3 2026 results 2026 sales outlook and Q4 EBITDA guidance
• Positive Sentiment: Acushnet declared a quarterly dividend of $0.255 per share, equivalent to $1.02 annually; shareholders of record December 4 are scheduled to be paid December 18.
• Negative Sentiment: Q3 EPS of $0.83 missed analyst estimates of $0.98, while revenue fell 1.3% from a year earlier. The company also expects a roughly $5 million adjusted EBITDA loss in Q4, adding to investor concerns about near-term profitability. Acushnet Q3 earnings miss Q4 EBITDA outlook
• Negative Sentiment: Reports cited declines in FootJoy and golf gear as factors weighing on quarterly sales, tempering the revenue beat. Acushnet Q3 sales update

About Acushnet

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.