Acushnet (NYSE:GOLF) Announces Earnings Results, Beats Expectations By $0.31 EPS

Acushnet (NYSE:GOLF) issued its quarterly earnings results on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.31, Zacks reports. The company had revenue of $445.17 billion during the quarter, compared to the consensus estimate of $454.83 million. Acushnet had a return on equity of 21.45% and a net margin of 7.78%. Acushnet updated its FY 2025 guidance to EPS.

Acushnet Trading Up 0.6 %

GOLF stock traded up $0.39 during midday trading on Friday, reaching $65.27. The company’s stock had a trading volume of 56,902 shares, compared to its average volume of 538,015. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 22.14 and a beta of 0.86. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.14 and a current ratio of 2.10. Acushnet has a 1 year low of $58.54 and a 1 year high of $76.65. The stock has a fifty day simple moving average of $69.06 and a two-hundred day simple moving average of $67.60.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GOLF shares. Truist Financial increased their target price on Acushnet from $65.00 to $68.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered Acushnet from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $69.00 to $64.00 in a research note on Thursday, January 23rd.

Acushnet Company Profile

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.