Acushnet Holdings (NYSE:GOLF)’s share price hit a new 52-week high and low during mid-day trading on Tuesday . The company traded as low as $24.70 and last traded at $24.30, with a volume of 70489 shares trading hands. The stock had previously closed at $24.30.
GOLF has been the topic of a number of research reports. SunTrust Banks reissued a “buy” rating and issued a $26.00 price objective on shares of Acushnet in a research note on Wednesday, April 11th. Compass Point cut shares of Acushnet from a “buy” rating to a “neutral” rating and set a $24.00 price objective on the stock. in a research note on Monday, March 19th. Morgan Stanley reissued an “overweight” rating on shares of Acushnet in a research note on Thursday, March 8th. KeyCorp reissued an “overweight” rating on shares of Acushnet in a research note on Thursday, March 8th. Finally, Wells Fargo reissued a “market perform” rating on shares of Acushnet in a research note on Thursday, March 8th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.40.
The company has a market capitalization of $1,795.70, a PE ratio of 19.60, a PEG ratio of 2.65 and a beta of 0.14. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.05 and a current ratio of 2.24.
Acushnet (NYSE:GOLF) last released its quarterly earnings results on Wednesday, March 7th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). Acushnet had a return on equity of 11.09% and a net margin of 5.90%. The firm had revenue of $351.39 million for the quarter, compared to analyst estimates of $340.49 million. research analysts predict that Acushnet Holdings will post 1.58 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Monday, March 19th were given a $0.13 dividend. The ex-dividend date was Friday, March 16th. This is a boost from Acushnet’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 2.14%. Acushnet’s dividend payout ratio (DPR) is currently 42.28%.
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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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