Escalade, Incorporated (NASDAQ:ESCA) released its quarterly earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.06, Bloomberg Earnings reports. Escalade, had a return on equity of 9.80% and a net margin of 5.89%. The business had revenue of $41.89 million during the quarter, compared to analyst estimates of $40.40 million.
Shares of Escalade, (NASDAQ ESCA) traded up $0.55 during trading on Friday, reaching $12.85. The company had a trading volume of 22,632 shares, compared to its average volume of 8,649. The stock has a market capitalization of $179.63 million, a PE ratio of 17.61 and a beta of 0.06.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 11th will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Friday, December 8th. Escalade,’s dividend payout ratio is currently 64.79%.
A number of research firms recently weighed in on ESCA. Zacks Investment Research upgraded Escalade, from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Aegis reiterated a “buy” rating and issued a $16.00 price target on shares of Escalade, in a research report on Monday, September 25th. ValuEngine lowered Escalade, from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, TheStreet upgraded Escalade, from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $16.50.
In related news, CEO David L. Fetherman sold 9,250 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $12.11, for a total value of $112,017.50. Following the sale, the chief executive officer now owns 102,729 shares in the company, valued at $1,244,048.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.00% of the company’s stock.
An institutional investor recently raised its position in Escalade, stock. State Street Corp increased its stake in Escalade, Incorporated (NASDAQ:ESCA) by 9.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,666 shares of the company’s stock after purchasing an additional 11,654 shares during the quarter. State Street Corp owned 0.91% of Escalade, worth $1,710,000 at the end of the most recent quarter. 26.52% of the stock is currently owned by institutional investors.
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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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