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

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

Acushnet Stock Down 0.9 %

GOLF stock traded down $0.59 during trading on Friday, reaching $64.29. The stock had a trading volume of 582,200 shares, compared to its average volume of 552,003. The firm has a fifty day moving average price of $68.95 and a 200 day moving average price of $67.59. The company has a current ratio of 2.10, a quick ratio of 1.14 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $3.91 billion, a P/E ratio of 21.87 and a beta of 0.86. Acushnet has a 1-year low of $58.54 and a 1-year high of $76.65.

Acushnet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Acushnet’s previous quarterly dividend of $0.22. This represents a $0.94 annualized dividend and a dividend yield of 1.46%. Acushnet’s dividend payout ratio is 25.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GOLF shares. KeyCorp reduced 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. 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 raised Acushnet from a “hold” rating to a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. lowered Acushnet from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $69.00 to $64.00 in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $72.00.

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.