Zacks Investment Research upgraded shares of Escalade, Incorporated (NASDAQ:ESCA) from a sell rating to a hold rating in a research report released on Tuesday morning.
According to Zacks, “Escalade, Incorporated is a diversified company engaged in the manufacture and sale of sporting goods products and office and graphic arts products. The company offers a broad and complete product selection that is built on innovation and cutting edge product design. These diverse products include table tennis tables and equipment; pool tables and equipment; other game tables which include table soccer, table hockey, and multi games; basketball systems; and archery Equipment. “
Other equities research analysts have also issued research reports about the stock. ValuEngine upgraded shares of Escalade, from a hold rating to a buy rating in a report on Tuesday, June 6th. TheStreet lowered shares of Escalade, from a b rating to a c+ rating in a report on Friday, April 21st.
Shares of Escalade, (NASDAQ:ESCA) traded down 2.32% during midday trading on Tuesday, reaching $12.65. 4,773 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $12.48 and its 200 day moving average price is $12.90. The company has a market cap of $181.48 million, a price-to-earnings ratio of 16.22 and a beta of 0.08. Escalade, has a 12-month low of $9.97 and a 12-month high of $14.70.
Escalade, (NASDAQ:ESCA) last announced its quarterly earnings data on Thursday, April 20th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Escalade, had a net margin of 6.82% and a return on equity of 11.12%. The company had revenue of $30.81 million during the quarter, compared to analyst estimates of $29.55 million. Equities analysts anticipate that Escalade, will post $0.85 earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its stake in Escalade, by 1.8% in the fourth quarter. Renaissance Technologies LLC now owns 220,000 shares of the company’s stock valued at $2,904,000 after buying an additional 3,800 shares in the last quarter. State Street Corp raised its stake in Escalade, by 4.8% in the fourth quarter. State Street Corp now owns 115,906 shares of the company’s stock valued at $1,530,000 after buying an additional 5,278 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Escalade, by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 338,572 shares of the company’s stock valued at $4,469,000 after buying an additional 7,546 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Escalade, by 9.0% in the first quarter. Bank of New York Mellon Corp now owns 112,632 shares of the company’s stock valued at $1,453,000 after buying an additional 9,312 shares in the last quarter. Finally, Creative Planning acquired a new stake in Escalade, during the first quarter valued at approximately $129,000. Institutional investors and hedge funds own 25.90% 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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