Acushnet (NYSE:GOLF) Posts Earnings Results, Beats Expectations By $0.31 EPS

Acushnet (NYSE:GOLF - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.31, Zacks reports. The company had revenue of $445.17 billion during the quarter, compared to analysts' expectations of $454.83 million. Acushnet had a net margin of 7.78% and a return on equity of 21.45%. Acushnet updated its FY 2025 guidance to EPS.

Acushnet Stock Down 0.5 %

GOLF traded down $0.31 on Monday, reaching $63.99. The company's stock had a trading volume of 590,370 shares, compared to its average volume of 552,962. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 21.77 and a beta of 0.86. Acushnet has a fifty-two week low of $58.54 and a fifty-two week high of $76.65. The company has a quick ratio of 1.14, a current ratio of 2.10 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average of $68.95 and a two-hundred day moving average of $67.61.

Acushnet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.235 per share. This is a boost from Acushnet's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.94 annualized dividend and a yield of 1.47%. Acushnet's payout ratio is presently 25.83%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GOLF. Truist Financial increased their price objective on Acushnet from $65.00 to $68.00 and gave the company a "hold" rating in a research note on Friday, November 8th. StockNews.com upgraded Acushnet from a "hold" rating to a "buy" rating in a research note on Friday. JPMorgan Chase & Co. cut Acushnet from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $69.00 to $64.00 in a research note on Thursday, January 23rd. Finally, KeyCorp cut their target price on shares of Acushnet from $80.00 to $77.00 and set an "overweight" rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $72.00.

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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.