Acushnet (NYSE:GOLF – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.2550 per share on Friday, December 18th. This represents a $1.02 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, December 4th.
Acushnet has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 8 years. Acushnet has a dividend payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Acushnet to earn $4.11 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 24.8%.
Acushnet Price Performance
GOLF opened at $86.00 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.48 and a current ratio of 2.55. The stock has a market capitalization of $5.02 billion, a P/E ratio of 22.13 and a beta of 0.77. The company’s 50-day simple moving average is $83.32 and its two-hundred day simple moving average is $94.13. Acushnet has a 52-week low of $76.14 and a 52-week high of $119.65.
Acushnet (NYSE:GOLF – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.15). Acushnet had a return on equity of 27.98% and a net margin of 8.12%. The company had revenue of $649.23 million during the quarter, compared to the consensus estimate of $647.99 million. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The business’s revenue was down 1.3% compared to the same quarter last year. As a group, analysts predict that Acushnet will post 4.02 EPS for the current year.
Acushnet Company Profile
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.
Read More
- Five stocks we like better than Acushnet
- 3 AI Infrastructure Plays Beyond Chipmakers
- Keurig Dr Pepper’s Beverage Growth Raises a Tough Question About Its Coffee Split
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
Receive News & Ratings for Acushnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acushnet and related companies with MarketBeat.com's FREE daily email newsletter.
