Acushnet Holdings Target Cut to $87 After EPS Miss, 4.3% Revenue Beat
Roth Capital lowered its Acushnet Holdings price target to $87 from $102 after the company reported $1.36 earnings per share, missing consensus by $0.02, while revenues of $753 million exceeded estimates by 4.28%. Shares traded near $88.08, reflecting a $5.18 billion market capitalization.
1. Price Target Adjustment
Roth Capital reduced Acushnet Holdings’ price target from $102 to $87, signaling a more cautious outlook on the golf equipment manufacturer’s near-term growth prospects.
2. Quarterly Financial Results
In the latest quarter, Acushnet reported $1.36 earnings per share, missing estimates by $0.02 and down from $1.62 a year earlier, while revenues rose to $753 million, up from $703 million and 4.28% above consensus.
3. Market Valuation
At the time of the adjustment, shares traded near $88.08, giving Acushnet a market capitalization of about $5.18 billion and highlighting its valuation within the competitive golf equipment sector.