Acushnet (NYSE:GOLF) Issues Earnings Results

Acushnet (NYSE:GOLF) posted its quarterly earnings data on Wednesday. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.15), FiscalAI reports. The company had revenue of $649.23 million during the quarter, compared to the consensus estimate of $647.99 million. Acushnet had a net margin of 8.12% and a return on equity of 27.98%. Acushnet’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 earnings per share.

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 Trading Down 0.9%

Shares of NYSE GOLF traded down $0.81 during trading hours on Wednesday, reaching $86.61. The stock had a trading volume of 332,637 shares, compared to its average volume of 353,634. The company has a current ratio of 2.55, a quick ratio of 1.48 and a debt-to-equity ratio of 1.01. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 23.60 and a beta of 0.77. The business’s fifty day moving average price is $83.33 and its two-hundred day moving average price is $94.17. Acushnet has a 52-week low of $76.14 and a 52-week high of $119.65.

Acushnet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were paid a $0.2550 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, September 4th. Acushnet’s dividend payout ratio is currently 27.79%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GOLF shares. Stephens decreased their price target on Acushnet from $88.00 to $81.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 14th. Wall Street Zen upgraded shares of Acushnet from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Weiss Ratings cut shares of Acushnet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, September 28th. Finally, Roth Capital reissued a “neutral” rating and issued a $95.00 target price on shares of Acushnet in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $96.57.

Key Stories Impacting Acushnet

Here are the key news stories impacting Acushnet this week:

• Positive Sentiment: Revenue was $649.2 million, slightly above the roughly $648 million analyst estimate. EPS of $0.83 was also up from $0.81 a year earlier. Earnings Flash: Acushnet Q3 sales
• Negative Sentiment: EPS missed the consensus estimate of $0.98 by $0.15 (Zacks reported a $1 estimate), making profitability the main disappointment even though revenue beat expectations. Acushnet Q3 Earnings Lag Estimates
• Negative Sentiment: Revenue declined 1.3% year over year, with declines in FootJoy and golf gear cited as a drag on sales. This weakens the significance of the modest revenue beat. Titleist Parent Acushnet Holdings’ Q3 Sales Hurt by FootJoy and Golf Gear Declines

About Acushnet

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.