Acushnet (GOLF) Expected to Announce Quarterly Earnings on Thursday

Acushnet (NYSE:GOLF) will likely be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.33) per share and revenue of $454.83 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Acushnet Trading Up 0.8 %

Shares of GOLF opened at $66.43 on Friday. Acushnet has a one year low of $58.54 and a one year high of $76.65. The stock has a 50-day moving average price of $69.64 and a 200 day moving average price of $67.66. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.14 and a current ratio of 2.10. The company has a market capitalization of $4.04 billion, a P/E ratio of 22.59 and a beta of 0.86.

Insider Activity at Acushnet

In other Acushnet news, insider Christopher Aaron Lindner sold 5,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $73.91, for a total value of $369,550.00. Following the transaction, the insider now directly owns 88,710 shares of the company’s stock, valued at $6,556,556.10. This represents a 5.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 54.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GOLF shares. JPMorgan Chase & Co. lowered Acushnet from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $69.00 to $64.00 in a research report on Thursday, January 23rd. Truist Financial lifted their target price on Acushnet from $65.00 to $68.00 and gave the stock a “hold” rating in a research report on Friday, November 8th.

About Acushnet

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.