Shares of Escalade Inc. (NASDAQ:ESCA) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokers have set a 12 month consensus price objective of $16.50 for the company and are forecasting that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also assigned Escalade an industry rank of 236 out of 265 based on the ratings given to its competitors.
A number of research firms have weighed in on ESCA. Wunderlich reduced their target price on Escalade from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, June 20th. Zacks Investment Research downgraded Escalade from a “hold” rating to a “strong sell” rating in a report on Monday, July 11th.
Shares of Escalade (NASDAQ:ESCA) opened at 12.76 on Monday. The company has a 50-day moving average price of $12.30 and a 200-day moving average price of $11.28. The firm has a market capitalization of $182.10 million, a price-to-earnings ratio of 20.92 and a beta of 0.38. Escalade has a 12 month low of $9.70 and a 12 month high of $18.90.
Escalade (NASDAQ:ESCA) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The business earned $48.50 million during the quarter, compared to analyst estimates of $44.35 million. Escalade had a return on equity of 8.99% and a net margin of 5.38%. Equities analysts forecast that Escalade will post $0.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Monday, September 12th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.45%. Escalade’s dividend payout ratio (DPR) is 72.13%.
Several hedge funds and other institutional investors have recently bought and sold shares of ESCA. Grandeur Peak Global Advisors LLC increased its stake in Escalade by 2.6% in the second quarter. Grandeur Peak Global Advisors LLC now owns 290,350 shares of the company’s stock valued at $2,973,000 after buying an additional 7,394 shares during the last quarter. Teachers Advisors Inc. increased its stake in Escalade by 1.2% in the second quarter. Teachers Advisors Inc. now owns 14,245 shares of the company’s stock valued at $146,000 after buying an additional 167 shares during the last quarter. BlackRock Fund Advisors increased its stake in Escalade by 9.0% in the second quarter. BlackRock Fund Advisors now owns 275,085 shares of the company’s stock valued at $2,817,000 after buying an additional 22,650 shares during the last quarter. BlackRock Investment Management LLC increased its stake in Escalade by 12.1% in the second quarter. BlackRock Investment Management LLC now owns 41,222 shares of the company’s stock valued at $422,000 after buying an additional 4,454 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Escalade by 0.9% in the second quarter. Vanguard Group Inc. now owns 303,389 shares of the company’s stock valued at $3,107,000 after buying an additional 2,794 shares during the last quarter. Hedge funds and other institutional investors own 24.70% of the company’s stock.
Escalade, Incorporated (Escalade) is a manufacturer and distributor of sporting goods through its subsidiary Escalade Sports. The Company operates in Sporting Goods (Escalade Sports) segment. Escalade Sports manufactures, imports and distributes sporting goods brands in basketball goals, archery, indoor and outdoor game recreation and fitness products through sporting goods retailers, specialty dealers, key online retailers, traditional department stores and mass merchants.
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