Brokerages Anticipate Golfsmith International Holdings, Inc. (GOLF) Will Post Earnings of $0.16 Per Share

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.

GOLF has been the subject of a number of recent analyst reports. Nomura raised their price objective on shares of Golfsmith International from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of Golfsmith International from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Friday, November 10th. Jefferies Group set a $22.00 price objective on shares of Golfsmith International and gave the company a “buy” rating in a research report on Thursday, October 26th. KeyCorp set a $20.00 price objective on shares of Golfsmith International and gave the company a “buy” rating in a research report on Saturday, October 21st. Finally, BidaskClub upgraded shares of Golfsmith International from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $19.55.

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.

TRADEMARK VIOLATION NOTICE: “Brokerages Anticipate Golfsmith International Holdings, Inc. (GOLF) Will Post Earnings of $0.16 Per Share” was first published by Week Herald and is the property of of Week Herald. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & international copyright law. The original version of this article can be viewed at https://weekherald.com/2018/01/13/brokerages-anticipate-golfsmith-international-holdings-inc-golf-will-post-earnings-of-0-16-per-share.html.

About Golfsmith International

Get a free copy of the Zacks research report on Golfsmith International (GOLF)

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

Receive News & Ratings for Golfsmith International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golfsmith International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply