Escalade, Incorporated (NASDAQ:ESCA) Expected to Earn FY2024 Earnings of $0.85 Per Share

Escalade, Incorporated (NASDAQ:ESCA) – Stock analysts at Aegis lowered their FY2024 earnings per share estimates for Escalade in a research note issued to investors on Monday, July 29th. Aegis analyst R. Dionisio now forecasts that the company will post earnings of $0.85 per share for the year, down from their previous forecast of $1.29. The consensus estimate for Escalade’s current full-year earnings is $0.85 per share.

Separately, StockNews.com upgraded Escalade from a “hold” rating to a “buy” rating in a research report on Saturday.

Escalade Trading Down 5.4 %

NASDAQ ESCA opened at $13.40 on Thursday. The company has a quick ratio of 1.74, a current ratio of 4.60 and a debt-to-equity ratio of 0.22. Escalade has a twelve month low of $12.34 and a twelve month high of $22.01. The firm has a market capitalization of $185.72 million, a PE ratio of 14.73 and a beta of 1.24. The stock’s 50 day moving average is $13.72 and its 200 day moving average is $14.34.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Escalade by 0.7% during the first quarter. Vanguard Group Inc. now owns 498,945 shares of the company’s stock valued at $6,860,000 after buying an additional 3,569 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Escalade by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 126,474 shares of the company’s stock valued at $1,744,000 after buying an additional 1,071 shares during the last quarter. Prosperity Consulting Group LLC purchased a new position in Escalade during the first quarter valued at $484,000. Janney Montgomery Scott LLC raised its stake in Escalade by 5.6% during the first quarter. Janney Montgomery Scott LLC now owns 24,944 shares of the company’s stock valued at $343,000 after buying an additional 1,330 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Escalade during the first quarter valued at $199,000. Hedge funds and other institutional investors own 65.22% of the company’s stock.

Escalade Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, October 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, October 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.48%. Escalade’s dividend payout ratio is presently 65.93%.

Escalade Company Profile

Escalade, Incorporated, together with its subsidiaries, manufactures, distributes, imports, and sells sporting goods in North America, Europe, and internationally. The company provides various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products.