Escalade, Incorporated (NASDAQ:ESCA – Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.90 and traded as high as $18.67. Escalade shares last traded at $18.37, with a volume of 76,059 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on ESCA shares. Wall Street Zen raised Escalade from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Escalade in a research report on Thursday, January 22nd. Finally, Zacks Research downgraded Escalade from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Escalade has an average rating of “Hold”.
View Our Latest Report on ESCA
Escalade Trading Down 1.2%
Escalade (NASDAQ:ESCA – Get Free Report) last announced its quarterly earnings data 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 return on equity of 8.97% and a net margin of 6.43%.The company had revenue of $55.79 million for the quarter, compared to analysts’ expectations of $53.80 million. On average, sell-side analysts expect that Escalade, Incorporated will post 1.08 earnings per share for the current year.
Escalade Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Monday, July 6th will be paid a $0.1525 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Monday, July 6th. Escalade’s dividend payout ratio is 54.46%.
Institutional Investors Weigh In On Escalade
A number of large investors have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. bought a new stake in Escalade in the 1st quarter valued at $311,000. Ritholtz Wealth Management raised its stake in Escalade by 108.6% in the 1st quarter. Ritholtz Wealth Management now owns 32,675 shares of the company’s stock valued at $561,000 after acquiring an additional 17,012 shares during the period. Barclays PLC raised its stake in Escalade by 12.0% in the 4th quarter. Barclays PLC now owns 15,960 shares of the company’s stock valued at $215,000 after acquiring an additional 1,711 shares during the period. State Street Corp raised its stake in Escalade by 3.2% in the 4th quarter. State Street Corp now owns 140,410 shares of the company’s stock valued at $1,894,000 after acquiring an additional 4,373 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Escalade by 42.3% in the 4th quarter. Wells Fargo & Company MN now owns 12,455 shares of the company’s stock valued at $168,000 after acquiring an additional 3,701 shares during the period. Institutional investors own 65.22% of the company’s stock.
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.
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