Media headlines about Acushnet (NYSE:GOLF) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Acushnet earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.4829340340125 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of research firms recently commented on GOLF. Imperial Capital reaffirmed an “in-line” rating on shares of Acushnet in a research note on Thursday, March 8th. Morgan Stanley reissued an “overweight” rating on shares of Acushnet in a research note on Thursday, March 8th. KeyCorp reissued an “overweight” rating on shares of Acushnet in a research note on Thursday, March 8th. Jefferies Financial Group restated a “buy” rating on shares of Acushnet in a report on Wednesday, March 7th. Finally, ValuEngine downgraded Acushnet from a “buy” rating to a “hold” rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $23.40.
Shares of Acushnet traded up $0.15, hitting $24.46, during mid-day trading on Friday, according to Marketbeat Ratings. The stock had a trading volume of 189,375 shares, compared to its average volume of 203,123. Acushnet has a fifty-two week low of $15.16 and a fifty-two week high of $25.66. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 2.42 and a beta of 0.09. The company has a current ratio of 1.97, a quick ratio of 1.12 and a debt-to-equity ratio of 0.46.
Acushnet (NYSE:GOLF) last released its quarterly earnings data on Thursday, May 3rd. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.03). Acushnet had a net margin of 6.09% and a return on equity of 11.21%. The company had revenue of $441.80 million for the quarter, compared to analyst estimates of $440.98 million. sell-side analysts predict that Acushnet will post 1.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Friday, June 1st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, May 31st. This represents a $0.52 dividend on an annualized basis and a yield of 2.13%. Acushnet’s dividend payout ratio is currently 42.28%.
Acushnet Company Profile
Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products worldwide. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. The Titleist Golf Balls segment designs, manufactures, and sells golf balls under the Titleist brands, such as Tour Soft, Velocity, and DT TruSoft, as well as under the Pinnacle brand.
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