Acushnet (GOLF) to Release Earnings on Thursday

Acushnet (NYSE:GOLF - Get Free Report) is projected to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.33) per share and revenue of $454.83 million for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Acushnet Stock Down 1.1 %

GOLF traded down $0.72 during trading hours on Friday, hitting $65.65. 526,873 shares of the company's stock were exchanged, compared to its average volume of 542,293. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 22.33 and a beta of 0.86. The company has a quick ratio of 1.14, a current ratio of 2.10 and a debt-to-equity ratio of 0.79. Acushnet has a 1-year low of $58.54 and a 1-year high of $76.65. The stock's 50-day moving average is $69.64 and its two-hundred day moving average is $67.66.

Insiders Place Their Bets

In other Acushnet news, insider Christopher Aaron Lindner sold 5,000 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $73.91, for a total transaction of $369,550.00. Following the completion of the sale, the insider now directly owns 88,710 shares in the company, valued at $6,556,556.10. The trade was a 5.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 54.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Truist Financial raised their target price on shares of Acushnet from $65.00 to $68.00 and gave the company a "hold" rating in a report on Friday, November 8th. JPMorgan Chase & Co. lowered Acushnet from a "neutral" rating to an "underweight" rating and decreased their target price for the company from $69.00 to $64.00 in a research report on Thursday, January 23rd.

About Acushnet

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.