Acushnet Holdings Corp is a leading manufacturer and marketer of premium golf equipment and accessories
The company is best known for its flagship brand, Titleist, which is synonymous with high-quality golf balls, clubs, and other golfing gear. Additionally, Acushnet produces the FootJoy brand, renowned for its performance footwear and apparel catering to golfers. Through innovative design and advanced technology, Acushnet aims to enhance the golfing experience for players of all skill levels, making it a prominent player in the golf industry.
Acushnet Holdings missed revenue expectations in Q4 but saw a 300 basis point improvement in gross margin. J.P. Morgan's Matthew R. Boss maintains an Underweight rating.
Golf equipment and apparel company Acushnet (NYSEGOLF) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 7.8% year on year to $445.2 million. The company’s full-year revenue guidance of $2.51 billion at the midpoint came in 1.3% below analysts’ estimates. Its GAAP loss of $0.02 per share was 93.9% above analysts’ consensus estimates.
Shares of golf equipment and apparel company Acushnet (NYSEGOLF)
jumped 10% in the morning session after the S&P Dow Jones Indices announced that the company would be added to the S&P SmallCap 600 index before the opening of trading on Thursday, February 13, 2025. Being included in the index means that Acushnet will likely be held by many mutual funds and ETFs, which could potentially drive up demand for the stock.
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Acushnet trades at $71.09 per share and has stayed right on track with the overall market, gaining 9.8% over the last six months. At the same time, the S&P 500 has returned 7.7%.
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Golf equipment and apparel company Acushnet (NYSEGOLF) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 4.6% year on year to $620.5 million. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $2.48 billion at the midpoint. Its GAAP profit of $0.89 per share was 12.9% above analysts’ consensus estimates.
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