Escalade, Incorporated (NASDAQ:ESCA) Declares $0.15 Quarterly Dividend

Escalade, Incorporated (NASDAQ:ESCA) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Monday, July 6th will be given a dividend of 0.1525 per share on Monday, July 13th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, July 6th.

Escalade has raised its dividend by an average of 0.0%per year over the last three years.

Escalade Price Performance

Escalade stock opened at $18.70 on Friday. Escalade has a 52-week low of $11.41 and a 52-week high of $19.11. The firm has a market capitalization of $256.19 million, a price-to-earnings ratio of 18.89 and a beta of 0.56. The company has a fifty day simple moving average of $17.06 and a 200-day simple moving average of $14.50. The company has a quick ratio of 2.04, a current ratio of 4.28 and a debt-to-equity ratio of 0.07.

Escalade (NASDAQ:ESCA) last released its earnings results on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.14. Escalade had a net margin of 5.70% and a return on equity of 8.03%. The business had revenue of $55.79 million during the quarter, compared to analyst estimates of $53.80 million. On average, equities analysts anticipate that Escalade will post 1.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Escalade from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Escalade in a report on Thursday, January 22nd. Finally, Wall Street Zen raised shares of Escalade from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Escalade Company Profile

Escalade, Inc is a U.S.-based manufacturer and distributor of recreational equipment and specialty products for both consumer and commercial markets. Headquartered in Evansville, Indiana, the company operates through two principal business segments: Sporting Goods and Commercial Products. The Sporting Goods segment encompasses a diverse range of products such as hockey and lacrosse goal assemblies, fitness accessories, archery and hunting gear, and table tennis equipment. The Commercial Products segment focuses on seating solutions for restaurants, hospitality venues and other public spaces under the Top Seat brand, as well as storage, display products and industrial carts.

Within Sporting Goods, Escalade markets its products under proprietary brands including Bear® Archery, Gene St.