Escalade, Inc. (ESCA) Given Average Recommendation of “Strong Buy” by Brokerages
Shares of Escalade, Inc. (NASDAQ:ESCA) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokers have set a 1 year consensus target price of $16.50 for the company and are predicting 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 15 out of 265 based on the ratings given to related companies.
Several equities analysts have recently issued reports on ESCA shares. Zacks Investment Research upgraded Escalade from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Aegis reiterated a “buy” rating and issued a $16.00 price target on shares of Escalade in a research note on Monday, September 25th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Escalade by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 381,141 shares of the company’s stock valued at $5,184,000 after acquiring an additional 10,556 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Escalade by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 317,308 shares of the company’s stock valued at $4,157,000 after acquiring an additional 890 shares in the last quarter. State Street Corp boosted its holdings in shares of Escalade by 9.8% during the 2nd quarter. State Street Corp now owns 130,666 shares of the company’s stock valued at $1,710,000 after acquiring an additional 11,654 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Escalade by 7.2% during the 2nd quarter. Northern Trust Corp now owns 129,228 shares of the company’s stock valued at $1,693,000 after acquiring an additional 8,726 shares in the last quarter. Finally, Strs Ohio boosted its holdings in shares of Escalade by 5.8% during the 2nd quarter. Strs Ohio now owns 20,000 shares of the company’s stock valued at $262,000 after acquiring an additional 1,100 shares in the last quarter. 26.88% of the stock is currently owned by institutional investors.
Escalade (ESCA) opened at $13.00 on Friday. Escalade has a 52 week low of $11.31 and a 52 week high of $14.38. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.84 and a current ratio of 3.76. The company has a market capitalization of $194.72, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.21 and a beta of 0.09.
Escalade (NASDAQ:ESCA) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.06. Escalade had a return on equity of 9.72% and a net margin of 5.89%. The firm had revenue of $41.89 million for the quarter, compared to analyst estimates of $40.40 million. equities analysts forecast that Escalade will post 0.75 earnings per share for the current year.
The company also recently disclosed 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. This represents a $0.46 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Friday, December 8th. Escalade’s dividend payout ratio (DPR) is 64.79%.
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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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