KeyCorp Estimates Acushnet's Q1 Earnings (NYSE:GOLF)

Acushnet Holdings Corp. (NYSE:GOLF - Free Report) - Equities researchers at KeyCorp issued their Q1 2025 earnings estimates for shares of Acushnet in a research report issued to clients and investors on Wednesday, April 16th. KeyCorp analyst N. Zatzkin forecasts that the company will post earnings per share of $1.33 for the quarter. KeyCorp has a "Overweight" rating and a $70.00 price target on the stock. The consensus estimate for Acushnet's current full-year earnings is $3.06 per share. KeyCorp also issued estimates for Acushnet's Q2 2025 earnings at $1.43 EPS, Q3 2025 earnings at $1.11 EPS, Q4 2025 earnings at ($0.12) EPS, FY2025 earnings at $3.79 EPS and FY2026 earnings at $4.25 EPS.

GOLF has been the topic of several other research reports. JPMorgan Chase & Co. lowered shares of Acushnet from a "neutral" rating to an "underweight" rating and dropped their price objective for the company from $69.00 to $64.00 in a report on Thursday, January 23rd. StockNews.com downgraded shares of Acushnet from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Truist Financial lowered their price objective on shares of Acushnet from $68.00 to $64.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, Compass Point raised shares of Acushnet from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $77.00 to $80.00 in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $70.60.

Acushnet Trading Up 1.1 %

NYSE GOLF traded up $0.68 during trading hours on Friday, hitting $62.33. 180,278 shares of the company's stock were exchanged, compared to its average volume of 369,325. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 21.20 and a beta of 0.84. The stock has a 50-day simple moving average of $64.57 and a 200 day simple moving average of $67.32. The company has a current ratio of 2.10, a quick ratio of 1.14 and a debt-to-equity ratio of 0.79. Acushnet has a 1-year low of $55.31 and a 1-year high of $76.65.

Acushnet (NYSE:GOLF - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.33) by $0.31. Acushnet had a net margin of 7.78% and a return on equity of 21.45%. The business had revenue of $445.17 billion during the quarter, compared to the consensus estimate of $454.83 million.

Acushnet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.235 dividend. This is a positive change from Acushnet's previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 7th. This represents a $0.94 annualized dividend and a yield of 1.51%. Acushnet's dividend payout ratio (DPR) is 28.23%.

Insider Activity

In other news, insider Steven Francis Pelisek sold 20,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $70.86, for a total transaction of $1,417,200.00. Following the completion of the transaction, the insider now directly owns 96,006 shares of the company's stock, valued at $6,802,985.16. This represents a 17.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 54.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Acushnet

Several institutional investors and hedge funds have recently bought and sold shares of GOLF. Blue Trust Inc. increased its holdings in Acushnet by 100.6% in the 4th quarter. Blue Trust Inc. now owns 351 shares of the company's stock worth $25,000 after acquiring an additional 176 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Acushnet in the 4th quarter worth approximately $31,000. GAMMA Investing LLC raised its holdings in Acushnet by 96.1% during the 1st quarter. GAMMA Investing LLC now owns 651 shares of the company's stock valued at $45,000 after acquiring an additional 319 shares during the period. Lazard Asset Management LLC bought a new position in shares of Acushnet in the fourth quarter worth $51,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Acushnet by 39.6% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 818 shares of the company's stock valued at $58,000 after purchasing an additional 232 shares during the period. 53.12% of the stock is owned by institutional investors.

Acushnet Company Profile

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.