Acushnet Holdings Corp reports results for the quarter ended June 30 - Earnings Summary

• Acushnet Holdings Corp GOLF reported quarterly adjusted earnings of $1.25​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.11. The mean expectation of six analysts for the quarter was for earnings of $1.31 per share. Wall Street expected results to range from $1.26 to $1.35 per share.

• Revenue rose 5.4% to $720.48 million from a year ago; analysts expected $719.17 million.

• Acushnet Holdings Corp's reported EPS for the quarter was $1.25​.

• The company reported quarterly net income of $75.56 million.

• Acushnet Holdings Corp shares had risen by 9.4% this quarter and gained 12.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the recreational products peer group is "buy."

• Wall Street's median 12-month price target for Acushnet Holdings Corp is $75.00, about 6.3% below its last closing price of $79.70

This summary was machine generated from LSEG data August 7 at 04:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)