Acushnet (NYSE:GOLF) Announces Earnings Results

Acushnet (NYSE:GOLF) issued its earnings results on Wednesday. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.15), FiscalAI reports. Acushnet had a net margin of 8.17% and a return on equity of 27.92%. The company had revenue of $649.23 million during the quarter, compared to analyst estimates of $647.99 million. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The business’s revenue was down 1.3% on a year-over-year basis.

Here are the key takeaways from Acushnet’s conference call:

• Titleist golf equipment remained the key growth driver: sales rose 1% in the quarter and 10% year to date, with strength in golf balls across all regions and continued momentum from GTS metals, Vokey wedges and Scotty Cameron putters.
• For the first nine months, net sales increased 6% and Adjusted EBITDA rose 17%; excluding about $34 million in net tariff refunds, EBITDA was up 8%. The company maintained its full-year sales outlook and expects Adjusted EBITDA of $455 million to $470 million, including about $30 million in tariff refunds.
• Third-quarter net sales fell 1% and Adjusted EBITDA declined 3%. Lower FootJoy and golf gear sales weighed on results, and the company cited temporary disruption to custom embroidery operations during its ERP rollout.
• FootJoy sales declined, but management said its focus on premium, performance-oriented products is supporting higher average selling prices, expanded margins and improved year-over-year profitability. Golf footwear sales grew more than 30% in the quarter.
• The midpoint of full-year guidance implies a roughly $5 million Adjusted EBITDA loss in Q4, reflecting the seasonal downturn, the earlier GTS launch and the transition to the 2027 Pro V1. Management also flagged rising material and labor costs and said 2027 results will no longer include the tariff-refund benefit.

Acushnet Stock Performance

Shares of NYSE:GOLF traded down $2.74 during trading hours on Friday, hitting $80.88. The stock had a trading volume of 456,499 shares, compared to its average volume of 355,328. The stock’s fifty day simple moving average is $83.25 and its 200 day simple moving average is $94.09. Acushnet has a 1-year low of $76.96 and a 1-year high of $119.65. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 21.92 and a beta of 0.77. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.48 and a current ratio of 2.02.

Acushnet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a $0.2550 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.02 annualized dividend and a yield of 1.3%. Acushnet’s dividend payout ratio is 27.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GOLF. Stephens dropped their price target on Acushnet from $88.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 14th. Roth Capital restated a “neutral” rating and set a $95.00 price objective on shares of Acushnet in a research report on Friday, August 7th. Weiss Ratings downgraded Acushnet from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, September 28th. Finally, Wall Street Zen upgraded Acushnet from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $97.67.

Acushnet Company Profile

Acushnet Holdings Corp. is a golf equipment and performance-wear company headquartered in Fairhaven, Massachusetts. Through a portfolio of recognized brands, the company develops, manufactures and markets products used by golfers and golf facilities worldwide.

Its principal brands include Titleist, which offers golf balls, clubs, golf bags, gloves and accessories; FootJoy, which specializes in golf footwear, apparel and gloves; Scotty Cameron, known for premium putters and related accessories; and KJUS, which produces high-performance golf and outdoor apparel.