Acushnet (GOLF) Expected to Announce Earnings on Wednesday

Acushnet (NYSE:GOLF) will likely be posting its Q1 2025 quarterly earnings results before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of $1.32 per share and revenue of $697.82 million for the quarter. Acushnet has set its FY 2025 guidance at EPS.

Acushnet (NYSE:GOLF) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $445.17 billion for the quarter, compared to the consensus estimate of $454.83 million. On average, analysts expect Acushnet to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Acushnet Stock Up 1.1 %

GOLF opened at $66.53 on Monday. 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 twelve month low of $55.31 and a twelve month high of $76.65. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 22.63 and a beta of 0.90. The firm has a 50 day moving average price of $64.24 and a 200-day moving average price of $67.39.

Acushnet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.41%. This is a boost from Acushnet’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 7th. Acushnet’s dividend payout ratio is presently 28.23%.

Insiders Place Their Bets

In other Acushnet news, insider Steven Francis Pelisek sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was 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 owns 96,006 shares in the company, valued at $6,802,985.16. This trade represents a 17.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 54.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GOLF. KeyCorp lowered their target price on Acushnet from $77.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. lowered Acushnet from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $69.00 to $64.00 in a research note on Thursday, January 23rd. Truist Financial lowered their target price on Acushnet from $68.00 to $64.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Compass Point upgraded Acushnet from a “neutral” rating to a “buy” rating and upped their price target for the stock from $77.00 to $80.00 in a research report on Tuesday, March 4th. Finally, StockNews.com cut Acushnet from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Acushnet has a consensus rating of “Hold” and a consensus target price of $70.60.

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.