Wall Street analysts expect that Golfsmith International Holdings, Inc. (NASDAQ:GOLF) will report $0.16 earnings per share for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Golfsmith International’s earnings. The highest EPS estimate is $0.22 and the lowest is $0.07. Golfsmith International reported earnings of ($0.02) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 900%. The business is scheduled to report its next quarterly earnings results on Thursday, March 29th.
On average, analysts expect that Golfsmith International will report full-year earnings of $1.22 per share for the current year, with EPS estimates ranging from $1.11 to $1.27. For the next fiscal year, analysts anticipate that the company will post earnings of $1.33 per share, with EPS estimates ranging from $1.15 to $1.55. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Golfsmith International.
Golfsmith International (NASDAQ:GOLF) last released its quarterly earnings results on Wednesday, November 8th. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. The company had revenue of $347.30 million for the quarter, compared to analysts’ expectations of $339.73 million. Golfsmith International’s quarterly revenue was up 2.4% compared to the same quarter last year.
In related news, insider Mirae Asset Partners Private E sold 9,165,542 shares of Golfsmith International stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $17.00, for a total transaction of $155,814,214.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several institutional investors have recently modified their holdings of GOLF. Alliancebernstein L.P. acquired a new position in shares of Golfsmith International during the 2nd quarter worth approximately $256,000. Suntrust Banks Inc. acquired a new position in shares of Golfsmith International during the 2nd quarter worth approximately $273,000. The Manufacturers Life Insurance Company raised its position in shares of Golfsmith International by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,348 shares of the specialty retailer’s stock worth $404,000 after purchasing an additional 904 shares during the last quarter. OxFORD Asset Management LLP acquired a new position in shares of Golfsmith International during the 2nd quarter worth approximately $515,000. Finally, Rhumbline Advisers raised its position in shares of Golfsmith International by 28.9% during the 2nd quarter. Rhumbline Advisers now owns 30,924 shares of the specialty retailer’s stock worth $614,000 after purchasing an additional 6,925 shares during the last quarter.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.12 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.48 annualized dividend and a dividend yield of Infinity.
About Golfsmith International
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