Escalade, Incorporated (NASDAQ:ESCA) has been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus target price of $16.50 for the company and are predicting that the company will post $0.28 EPS for the current quarter, according to Zacks. Zacks has also given Escalade, an industry rank of 34 out of 265 based on the ratings given to related companies.
A number of research analysts have recently issued reports on ESCA shares. Aegis reiterated a “buy” rating and issued a $16.00 price target on shares of Escalade, in a report on Monday, September 25th. Zacks Investment Research upgraded Escalade, from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. TheStreet upgraded Escalade, from a “c+” rating to a “b” rating in a report on Monday, July 31st. Finally, ValuEngine downgraded Escalade, from a “buy” rating to a “hold” rating in a report on Friday, August 4th.
In other news, CEO David L. Fetherman sold 9,250 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $12.11, for a total value of $112,017.50. Following the completion of the sale, the chief executive officer now owns 102,729 shares of the company’s stock, valued at approximately $1,244,048.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.00% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Skylands Capital LLC boosted its position in shares of Escalade, by 167.8% in the 3rd quarter. Skylands Capital LLC now owns 9,406 shares of the company’s stock worth $128,000 after purchasing an additional 5,894 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Escalade, by 4.9% in the 2nd quarter. Rhumbline Advisers now owns 13,875 shares of the company’s stock worth $182,000 after purchasing an additional 647 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Escalade, by 18.2% in the 2nd quarter. Teachers Advisors LLC now owns 16,831 shares of the company’s stock worth $220,000 after purchasing an additional 2,586 shares in the last quarter. Strs Ohio boosted its position in shares of Escalade, by 5.8% in the 2nd quarter. Strs Ohio now owns 20,000 shares of the company’s stock worth $262,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Escalade, by 9.0% in the 1st quarter. Bank of New York Mellon Corp now owns 112,632 shares of the company’s stock worth $1,453,000 after purchasing an additional 9,312 shares in the last quarter. 26.50% of the stock is owned by hedge funds and other institutional investors.
Escalade, (NASDAQ ESCA) remained flat at $$12.95 on Wednesday. The company’s stock had a trading volume of 3,100 shares, compared to its average volume of 13,426. The company has a market capitalization of $186.10, a PE ratio of 18.24, a P/E/G ratio of 1.16 and a beta of 0.06. Escalade, has a 52-week low of $11.31 and a 52-week high of $14.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.84 and a current ratio of 3.76.
Escalade, (NASDAQ:ESCA) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.06. Escalade, had a return on equity of 9.72% and a net margin of 5.89%. The business had revenue of $41.89 million for the quarter, compared to the consensus estimate of $40.40 million. research analysts expect that Escalade, will post 0.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 11th will be issued a $0.115 dividend. The ex-dividend date is Friday, December 8th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.55%. Escalade,’s dividend payout ratio is presently 64.79%.
Escalade, Company Profile
Escalade, Incorporated (Escalade) is a manufacturer and distributor of sporting goods through its subsidiary Escalade Sports. The Company operates in Sporting Goods (Escalade Sports) segment. Escalade Sports manufactures, imports and distributes sporting goods brands in basketball goals, archery, indoor and outdoor game recreation and fitness products through sporting goods retailers, specialty dealers, key online retailers, traditional department stores and mass merchants.
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