Acushnet Holdings Corp (GOLF) Receives $24.50 Consensus PT from Analysts

Shares of Acushnet Holdings Corp (NYSE:GOLF) have received a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $25.50.

A number of equities research analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Acushnet from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, August 3rd. KeyCorp restated a “buy” rating and set a $28.00 price objective on shares of Acushnet in a report on Friday, August 3rd. ValuEngine upgraded shares of Acushnet from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Imperial Capital raised their price objective on shares of Acushnet from $22.00 to $26.00 and gave the stock an “in-line” rating in a report on Monday, August 6th. Finally, Compass Point restated a “hold” rating and set a $25.00 price objective on shares of Acushnet in a report on Thursday, August 2nd.

Shares of NYSE:GOLF traded up $0.57 during midday trading on Friday, reaching $27.15. 215,556 shares of the company were exchanged, compared to its average volume of 202,834. Acushnet has a fifty-two week low of $15.16 and a fifty-two week high of $27.56. The company has a quick ratio of 1.31, a current ratio of 2.24 and a debt-to-equity ratio of 0.41. The firm has a market cap of $1.99 billion and a price-to-earnings ratio of 22.07.

Acushnet (NYSE:GOLF) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.05). Acushnet had a return on equity of 11.81% and a net margin of 6.32%. The company had revenue of $478.14 million for the quarter, compared to analyst estimates of $453.42 million. research analysts expect that Acushnet will post 1.44 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Thursday, August 30th. Acushnet’s dividend payout ratio (DPR) 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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Analyst Recommendations for Acushnet (NYSE:GOLF)

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