Shares of Escalade, Incorporated (NASDAQ:ESCA) have received an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus price target of $16.50 for the company and are anticipating that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also given Escalade, an industry rank of 87 out of 265 based on the ratings given to its competitors.
ESCA has been the subject of several recent research reports. Zacks Investment Research cut Escalade, from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Aegis reaffirmed a “buy” rating and set a $16.00 price objective on shares of Escalade, in a research report on Monday, September 25th. ValuEngine cut Escalade, from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, TheStreet raised Escalade, from a “c+” rating to a “b” rating in a research report on Monday, July 31st.
Escalade, (NASDAQ ESCA) traded up $0.15 during trading hours on Wednesday, reaching $12.95. The company’s stock had a trading volume of 14,023 shares, compared to its average volume of 9,506. Escalade, has a 1 year low of $11.31 and a 1 year high of $14.70. The company has a current ratio of 3.76, a quick ratio of 1.84 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $184.66, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.18 and a beta of 0.06.
Escalade, (NASDAQ:ESCA) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. The company had revenue of $41.89 million during the quarter, compared to analysts’ expectations of $40.40 million. Escalade, had a return on equity of 9.72% and a net margin of 5.89%. equities analysts expect that Escalade, will post 0.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 11th will be given a dividend of $0.115 per share. The ex-dividend date is Friday, December 8th. This represents a $0.46 annualized dividend and a dividend yield of 3.55%. Escalade,’s dividend payout ratio is currently 64.79%.
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In other news, CEO David L. Fetherman sold 9,250 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 102,729 shares of the company’s stock, valued at $1,244,048.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 20.00% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ESCA. Skylands Capital LLC raised its holdings in Escalade, by 167.8% during the third quarter. Skylands Capital LLC now owns 9,406 shares of the company’s stock worth $128,000 after acquiring an additional 5,894 shares in the last quarter. Rhumbline Advisers raised its holdings in Escalade, by 4.9% during the second quarter. Rhumbline Advisers now owns 13,875 shares of the company’s stock worth $182,000 after acquiring an additional 647 shares in the last quarter. Teachers Advisors LLC raised its holdings in Escalade, by 18.2% during the second quarter. Teachers Advisors LLC now owns 16,831 shares of the company’s stock worth $220,000 after acquiring an additional 2,586 shares in the last quarter. Strs Ohio raised its holdings in Escalade, by 5.8% during the second quarter. Strs Ohio now owns 20,000 shares of the company’s stock worth $262,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Escalade, by 9.0% during the first quarter. Bank of New York Mellon Corp now owns 112,632 shares of the company’s stock worth $1,453,000 after acquiring an additional 9,312 shares in the last quarter. Institutional investors and hedge funds own 26.50% of the company’s stock.
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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