$340.03 Million in Sales Expected for Acushnet Holdings Corp. (GOLF) This Quarter

Brokerages predict that Acushnet Holdings Corp. (NYSE:GOLF) will report sales of $340.03 million for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for Acushnet Holdings Corp.’s earnings, with estimates ranging from $333.50 million to $347.10 million. Acushnet Holdings Corp. reported sales of $332.35 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, December 14th.

On average, analysts expect that Acushnet Holdings Corp. will report full year sales of $340.03 million for the current year, with estimates ranging from $1.54 billion to $1.59 billion. For the next year, analysts forecast that the firm will post sales of $1.60 billion per share, with estimates ranging from $1.57 billion to $1.64 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Acushnet Holdings Corp..

Several research analysts recently issued reports on the stock. Roth Capital lowered shares of Acushnet Holdings Corp. from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research report on Monday, August 7th. DA Davidson downgraded shares of Acushnet Holdings Corp. from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $17.00 to $23.00 in a research note on Friday, August 11th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $21.65.

ILLEGAL ACTIVITY NOTICE: “[[title]]” was reported by [[site]] and is owned by of [[site]]. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at [[permalink]].

Shares of Acushnet Holdings Corp. (NYSE GOLF) opened at 16.44 on Friday. The firm’s 50-day moving average price is $18.48 and its 200 day moving average price is $18.36. The company has a market capitalization of $1.22 billion and a PE ratio of 17.27. Acushnet Holdings Corp. has a 1-year low of $15.16 and a 1-year high of $22.31.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, August 30th. Acushnet Holdings Corp.’s dividend payout ratio is presently 90.57%.

Acushnet Holdings Corp. Company Profile

Acushnet Holdings Corp. is engaged in the design, development, manufacture and distribution of golf products. The Company is engaged in various product categories, such as golf clubs, wedges, putters, golf gloves, golf gear and golf wear. The Company operates in four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear and FootJoy Golf Wear.

Get a free copy of the Zacks research report on Acushnet Holdings Corp. (GOLF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com