FY2025 EPS Estimates for Escalade Increased by Analyst

Escalade, Incorporated (NASDAQ:ESCA) – Investment analysts at Aegis lifted their FY2025 earnings estimates for Escalade in a report released on Monday, November 17th. Aegis analyst R. Dionisio now expects that the company will post earnings per share of $0.92 for the year, up from their previous forecast of $0.82. The consensus estimate for Escalade’s current full-year earnings is $0.93 per share.

A number of other research analysts also recently weighed in on ESCA. Wall Street Zen downgraded Escalade from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Escalade in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Escalade from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Escalade Trading Down 2.3%

NASDAQ ESCA opened at $12.39 on Thursday. The firm’s 50 day moving average price is $12.19 and its two-hundred day moving average price is $13.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.79 and a current ratio of 4.15. Escalade has a twelve month low of $11.41 and a twelve month high of $16.99. The stock has a market cap of $171.03 million, a price-to-earnings ratio of 13.62 and a beta of 0.70.

Escalade (NASDAQ:ESCA) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.09. The business had revenue of $67.79 million for the quarter, compared to analyst estimates of $58.83 million. Escalade had a net margin of 5.30% and a return on equity of 6.86%.

Institutional Trading of Escalade

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC boosted its position in shares of Escalade by 2.5% in the third quarter. Bridgeway Capital Management LLC now owns 41,808 shares of the company’s stock valued at $526,000 after acquiring an additional 1,000 shares during the period. JPMorgan Chase & Co. boosted its holdings in Escalade by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,853 shares of the company’s stock valued at $174,000 after purchasing an additional 1,600 shares during the period. Arete Wealth Advisors LLC grew its position in Escalade by 8.0% in the 3rd quarter. Arete Wealth Advisors LLC now owns 22,605 shares of the company’s stock worth $284,000 after purchasing an additional 1,676 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Escalade during the 2nd quarter worth about $29,000. Finally, Prosperity Consulting Group LLC raised its position in shares of Escalade by 11.7% during the third quarter. Prosperity Consulting Group LLC now owns 19,782 shares of the company’s stock valued at $249,000 after buying an additional 2,075 shares during the last quarter. Institutional investors and hedge funds own 65.22% of the company’s stock.

Insider Activity

In other news, Director Richard Fenton Baalmann, Jr. sold 4,800 shares of Escalade stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $12.29, for a total value of $58,992.00. Following the transaction, the director directly owned 110,394 shares in the company, valued at approximately $1,356,742.26. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 28.75% of the company’s stock.

Escalade Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Monday, January 5th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Monday, January 5th. Escalade’s dividend payout ratio is 65.93%.

About Escalade

Escalade, Incorporated, together with its subsidiaries, manufactures, distributes, imports, and sells sporting goods in North America, Europe, and internationally. The company provides various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products.