$341.61 Million in Sales Expected for Acushnet Holdings Corp (GOLF) This Quarter

Analysts expect that Acushnet Holdings Corp (NYSE:GOLF) will post sales of $341.61 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Acushnet’s earnings, with the lowest sales estimate coming in at $337.60 million and the highest estimate coming in at $348.66 million. Acushnet posted sales of $351.39 million in the same quarter last year, which suggests a negative year-over-year growth rate of 2.8%. The business is scheduled to report its next earnings report on Wednesday, March 6th.

On average, analysts expect that Acushnet will report full year sales of $1.63 billion for the current year, with estimates ranging from $1.63 billion to $1.64 billion. For the next financial year, analysts forecast that the firm will post sales of $1.67 billion, with estimates ranging from $1.66 billion to $1.70 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Acushnet.

Acushnet (NYSE:GOLF) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.09 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 company had revenue of $370.43 million during the quarter, compared to the consensus estimate of $358.70 million.

Several research firms recently issued reports on GOLF. Imperial Capital reaffirmed an “in-line” rating and issued a $26.00 price objective on shares of Acushnet in a research report on Friday, November 2nd. ValuEngine cut Acushnet from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. Morgan Stanley upped their price objective on Acushnet from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, August 3rd. KeyCorp reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Acushnet in a research report on Friday, August 3rd. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Acushnet in a research report on Thursday, August 2nd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.50.

GOLF stock opened at $26.26 on Friday. The company has a market capitalization of $1.93 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 2.83 and a beta of 0.78. Acushnet has a 12-month low of $16.91 and a 12-month high of $27.87. The company has a current ratio of 2.17, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.52 dividend on an annualized basis and a yield of 1.98%. Acushnet’s dividend payout ratio is presently 42.28%.

Acushnet Company Profile

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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