Acushnet (NYSE:GOLF) Issues Earnings Results

Acushnet (NYSE:GOLF) announced its quarterly earnings data on Wednesday. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.15), FiscalAI reports. Acushnet had a return on equity of 27.98% and a net margin of 8.12%. The firm had revenue of $649.23 million for the quarter, compared to analysts’ expectations of $647.99 million. During the same quarter in the prior year, the business posted $0.81 earnings per share. Acushnet’s revenue was down 1.3% on a year-over-year basis.

Here are the key takeaways from Acushnet’s conference call:

• Titleist golf equipment remained the key growth driver: sales rose 1% in the quarter and 10% year to date, with strength in golf balls across all regions and continued momentum from GTS metals, Vokey wedges and Scotty Cameron putters.
• For the first nine months, net sales increased 6% and Adjusted EBITDA rose 17%; excluding about $34 million in net tariff refunds, EBITDA was up 8%. The company maintained its full-year sales outlook and expects Adjusted EBITDA of $455 million to $470 million, including about $30 million in tariff refunds.
• Third-quarter net sales fell 1% and Adjusted EBITDA declined 3%. Lower FootJoy and golf gear sales weighed on results, and the company cited temporary disruption to custom embroidery operations during its ERP rollout.
• FootJoy sales declined, but management said its focus on premium, performance-oriented products is supporting higher average selling prices, expanded margins and improved year-over-year profitability. Golf footwear sales grew more than 30% in the quarter.
• The midpoint of full-year guidance implies a roughly $5 million Adjusted EBITDA loss in Q4, reflecting the seasonal downturn, the earlier GTS launch and the transition to the 2027 Pro V1. Management also flagged rising material and labor costs and said 2027 results will no longer include the tariff-refund benefit.

Acushnet Price Performance

Shares of NYSE:GOLF traded down $0.60 during midday trading on Wednesday, reaching $86.81. The company’s stock had a trading volume of 311,771 shares, compared to its average volume of 353,568. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.55 and a quick ratio of 1.48. The company has a market capitalization of $5.07 billion, a P/E ratio of 23.65 and a beta of 0.77. Acushnet has a fifty-two week low of $76.14 and a fifty-two week high of $119.65. The business’s fifty day simple moving average is $83.33 and its 200-day simple moving average is $94.17.

Acushnet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were paid a $0.2550 dividend. The ex-dividend date was Friday, September 4th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.2%. Acushnet’s dividend payout ratio (DPR) is 27.79%.

Acushnet News Roundup

Here are the key news stories impacting Acushnet this week:

• Positive Sentiment: Revenue was $649.2 million, slightly above the roughly $648 million analyst estimate. EPS of $0.83 was also up from $0.81 a year earlier. Earnings Flash: Acushnet Q3 sales
• Negative Sentiment: EPS missed the consensus estimate of $0.98 by $0.15 (Zacks reported a $1 estimate), making profitability the main disappointment even though revenue beat expectations. Acushnet Q3 Earnings Lag Estimates
• Negative Sentiment: Revenue declined 1.3% year over year, with declines in FootJoy and golf gear cited as a drag on sales. This weakens the significance of the modest revenue beat. Titleist Parent Acushnet Holdings’ Q3 Sales Hurt by FootJoy and Golf Gear Declines

Analysts Set New Price Targets

GOLF has been the topic of several recent research reports. Weiss Ratings lowered shares of Acushnet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, September 28th. Wall Street Zen raised Acushnet from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Roth Capital reissued a “neutral” rating and issued a $95.00 price target on shares of Acushnet in a report on Friday, August 7th. Finally, Stephens decreased their price objective on Acushnet from $88.00 to $81.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $96.57.

Acushnet Company Profile

Acushnet Holdings Corp. is a golf equipment and performance-wear company headquartered in Fairhaven, Massachusetts. Through a portfolio of recognized brands, the company develops, manufactures and markets products used by golfers and golf facilities worldwide.

Its principal brands include Titleist, which offers golf balls, clubs, golf bags, gloves and accessories; FootJoy, which specializes in golf footwear, apparel and gloves; Scotty Cameron, known for premium putters and related accessories; and KJUS, which produces high-performance golf and outdoor apparel.