Escalade, Incorporated (NASDAQ:ESCA) Upgraded to “Hold” by Zacks Investment Research

Escalade, Incorporated (NASDAQ:ESCA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, July 11th.

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. “

A number of other brokerages have also recently issued reports on ESCA. ValuEngine raised 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 research note on Friday, April 21st.

Shares of Escalade, (NASDAQ:ESCA) opened at 12.00 on Tuesday. Escalade, has a 1-year low of $11.15 and a 1-year high of $14.70. The company has a market capitalization of $172.37 million, a price-to-earnings ratio of 15.40 and a beta of 0.06. The stock has a 50 day moving average price of $12.69 and a 200 day moving average price of $12.74.

Escalade, (NASDAQ:ESCA) last announced its earnings results on Monday, July 31st. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.08. The company had revenue of $52.39 million for the quarter, compared to the consensus estimate of $45.60 million. Escalade, had a net margin of 6.67% and a return on equity of 10.95%. Analysts forecast that Escalade, will post $0.75 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Escalade, Incorporated (NASDAQ:ESCA) Upgraded to “Hold” by Zacks Investment Research” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.com-unik.info/2017/08/12/escalade-incorporated-nasdaqesca-upgraded-at-zacks-investment-research-updated-updated-updated.html.

Institutional investors have recently bought and sold shares of the company. Creative Planning purchased a new position in Escalade, during the first quarter worth $129,000. Rhumbline Advisers increased its position in Escalade, by 4.9% in the second quarter. Rhumbline Advisers now owns 13,875 shares of the company’s stock valued at $182,000 after buying an additional 647 shares during the period. Teachers Advisors LLC increased its position in Escalade, by 18.2% in the second quarter. Teachers Advisors LLC now owns 16,831 shares of the company’s stock valued at $220,000 after buying an additional 2,586 shares during the period. Strs Ohio increased its position in Escalade, by 5.8% in the second quarter. Strs Ohio now owns 20,000 shares of the company’s stock valued at $262,000 after buying an additional 1,100 shares during the period. Finally, Northstar Group Inc. bought a new position in Escalade, during the first quarter valued at approximately $1,035,000. Institutional investors and hedge funds own 26.02% 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.

Get a free copy of the Zacks research report on Escalade, (ESCA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

What are top analysts saying about Escalade Incorporated? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Escalade Incorporated and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit