Wall Street analysts expect that Acushnet Holdings Corp (NYSE:GOLF) will report earnings of $0.58 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Acushnet’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.53. Acushnet reported earnings of $0.44 per share in the same quarter last year, which suggests a positive year over year growth rate of 31.8%. The company is expected to announce its next quarterly earnings report on Wednesday, November 14th.

On average, analysts expect that Acushnet will report full year earnings of $1.44 per share for the current year, with EPS estimates ranging from $1.38 to $1.52. For the next fiscal year, analysts expect that the business will report earnings of $1.65 per share, with EPS estimates ranging from $1.52 to $1.83. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Acushnet.

Acushnet (NYSE:GOLF) last issued its earnings results on Thursday, August 2nd. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.05). Acushnet had a return on equity of 11.81% and a net margin of 6.32%. The business had revenue of $478.14 million for the quarter, compared to analyst estimates of $453.42 million.

Several research analysts have commented on the company. Morgan Stanley lifted their price target on Acushnet from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, August 3rd. KeyCorp reaffirmed a “buy” rating and set a $28.00 price target on shares of Acushnet in a research report on Friday, August 3rd. ValuEngine raised Acushnet from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Imperial Capital lifted their price target on Acushnet from $22.00 to $26.00 and gave the stock an “in-line” rating in a research report on Monday, August 6th. Finally, Compass Point reaffirmed a “hold” rating and set a $25.00 price target on shares of Acushnet in a research report on Thursday, August 2nd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $25.50.

Shares of NYSE GOLF traded down $0.05 during midday trading on Monday, hitting $26.51. 162,900 shares of the company’s stock were exchanged, compared to its average volume of 205,646. The firm has a market capitalization of $2.01 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 2.80 and a beta of 0.19. Acushnet has a twelve month low of $16.59 and a twelve month high of $27.87. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.31 and a current ratio of 2.24.

The company also recently declared a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, August 30th. Acushnet’s dividend payout ratio (DPR) is 42.28%.

Acushnet Company Profile

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products worldwide. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. The Titleist Golf Balls segment designs, manufactures, and sells golf balls under the Titleist brands, such as Tour Soft, Velocity, and DT TruSoft, as well as under the Pinnacle brand.

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