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. “
Separately, Wunderlich lowered their price target on shares of Escalade from $18.00 to $16.00 and set a buy rating for the company in a research note on Monday, June 20th.
Shares of Escalade (NASDAQ:ESCA) opened at 12.10 on Tuesday. The firm has a market capitalization of $172.68 million, a PE ratio of 19.84 and a beta of 0.37. The stock has a 50 day moving average price of $12.42 and a 200 day moving average price of $11.27. Escalade has a 1-year low of $9.70 and a 1-year high of $18.90.
Escalade (NASDAQ:ESCA) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The business earned $48.50 million during the quarter, compared to the consensus estimate of $44.35 million. Escalade had a net margin of 5.38% and a return on equity of 8.99%. Equities research analysts anticipate that Escalade will post $0.84 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Monday, September 12th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Thursday, September 8th. Escalade’s payout ratio is 72.13%.
Institutional investors have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. boosted its position in Escalade by 31.8% in the second quarter. North Star Investment Management Corp. now owns 340,205 shares of the company’s stock worth $3,484,000 after buying an additional 82,104 shares during the last quarter. Minerva Advisors LLC boosted its position in Escalade by 19.8% in the second quarter. Minerva Advisors LLC now owns 415,960 shares of the company’s stock worth $4,260,000 after buying an additional 68,738 shares during the last quarter. Parthenon LLC boosted its position in Escalade by 24.4% in the second quarter. Parthenon LLC now owns 152,240 shares of the company’s stock worth $1,559,000 after buying an additional 29,893 shares during the last quarter. BlackRock Fund Advisors boosted its position in Escalade by 9.0% in the second quarter. BlackRock Fund Advisors now owns 275,085 shares of the company’s stock worth $2,817,000 after buying an additional 22,650 shares during the last quarter. Finally, Skylands Capital LLC boosted its position in Escalade by 79.3% in the second quarter. Skylands Capital LLC now owns 34,700 shares of the company’s stock worth $355,000 after buying an additional 15,350 shares during the last quarter. Hedge funds and other institutional investors own 24.70% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Escalade Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Escalade Inc. and related companies with MarketBeat.com's FREE daily email newsletter.