Escalade, Incorporated (NASDAQ:ESCA) announced its earnings results on Thursday, November 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.06, Bloomberg Earnings reports. The business had revenue of $41.89 million for the quarter, compared to analyst estimates of $40.40 million. Escalade, had a return on equity of 9.72% and a net margin of 5.89%.
Escalade, (NASDAQ:ESCA) remained flat at $$12.95 during trading hours on Monday. The company had a trading volume of 3,100 shares, compared to its average volume of 13,426. The firm has a market capitalization of $186.10, a price-to-earnings ratio of 18.24, a PEG ratio of 1.16 and a beta of 0.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.84 and a current ratio of 3.76. Escalade, has a 1 year low of $11.31 and a 1 year high of $14.70.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 11th will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $0.46 annualized dividend and a yield of 3.55%. Escalade,’s payout ratio is currently 64.79%.
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A number of research firms have weighed in on ESCA. Zacks Investment Research upgraded Escalade, from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Aegis restated a “buy” rating and issued a $16.00 price target on shares of Escalade, in a research note on Monday, September 25th. TheStreet upgraded Escalade, from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Finally, ValuEngine downgraded Escalade, from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Escalade, presently has an average rating of “Buy” and an average price target of $16.50.
In related news, CEO David L. Fetherman sold 9,250 shares of Escalade, stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $12.11, for a total transaction of $112,017.50. Following the completion of the sale, the chief executive officer now directly owns 102,729 shares of the company’s stock, valued at approximately $1,244,048.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 20.00% of the company’s stock.
An institutional investor recently raised its position in Escalade, stock. State Street Corp raised its stake in Escalade, Incorporated (NASDAQ:ESCA) by 9.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,666 shares of the company’s stock after acquiring an additional 11,654 shares during the period. State Street Corp owned approximately 0.91% of Escalade, worth $1,710,000 at the end of the most recent quarter. 26.47% of the stock is currently owned by institutional investors and hedge funds.
Escalade, Company Profile
Escalade, Incorporated (Escalade) is a manufacturer and distributor of sporting goods through its subsidiary Escalade Sports. The Company operates in Sporting Goods (Escalade Sports) segment. Escalade Sports manufactures, imports and distributes sporting goods brands in basketball goals, archery, indoor and outdoor game recreation and fitness products through sporting goods retailers, specialty dealers, key online retailers, traditional department stores and mass merchants.
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