Acushnet (GOLF) to Release Earnings on Wednesday

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Acushnet (NYSE:GOLF) is set to issue its quarterly earnings data before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Acushnet has set its FY 2019 guidance at EPS.

Acushnet (NYSE:GOLF) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.11). The company had revenue of $433.70 million during the quarter, compared to analyst estimates of $445.66 million. Acushnet had a net margin of 5.74% and a return on equity of 10.10%. The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. On average, analysts expect Acushnet to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of GOLF stock opened at $24.72 on Tuesday. The firm has a market cap of $1.90 billion, a PE ratio of 18.73, a PEG ratio of 3.29 and a beta of 1.00. Acushnet has a 52-week low of $20.24 and a 52-week high of $27.87. The firm has a 50-day moving average of $26.29. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.89 and a quick ratio of 1.08.

GOLF has been the topic of several recent research reports. Zacks Investment Research upgraded Acushnet from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Tuesday. SunTrust Banks cut Acushnet from a “buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a research report on Wednesday, July 31st. ValuEngine cut Acushnet from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Roth Capital upgraded Acushnet from a “neutral” rating to a “buy” rating and boosted their price target for the company from $27.00 to $28.00 in a research report on Thursday, May 9th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $26.24.

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.

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Earnings History for Acushnet (NYSE:GOLF)

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