ValuEngine Downgrades Escalade (NASDAQ:ESCA) to Hold

ValuEngine cut shares of Escalade (NASDAQ:ESCA) from a buy rating to a hold rating in a research note published on Thursday, April 19th.

Separately, Zacks Investment Research raised shares of Escalade from a hold rating to a strong-buy rating and set a $14.00 price target for the company in a research report on Friday, March 2nd.

ESCA stock traded up $0.30 during trading on Thursday, reaching $13.25. 7,200 shares of the company were exchanged, compared to its average volume of 9,838. The company has a market cap of $193.17 million, a P/E ratio of 16.95, a P/E/G ratio of 0.97 and a beta of 0.06. Escalade has a 52-week low of $13.45 and a 52-week high of $13.45. The company has a current ratio of 2.33, a quick ratio of 1.09 and a debt-to-equity ratio of 0.03.

Escalade (NASDAQ:ESCA) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $48.69 million during the quarter, compared to analyst estimates of $50.00 million. Escalade had a net margin of 7.93% and a return on equity of 10.06%. equities research analysts expect that Escalade will post 0.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, June 7th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Wednesday, June 6th. Escalade’s payout ratio is currently 64.94%.

Several hedge funds have recently made changes to their positions in the company. Beddow Capital Management Inc. boosted its stake in shares of Escalade by 5.4% in the first quarter. Beddow Capital Management Inc. now owns 497,596 shares of the company’s stock valued at $6,817,000 after purchasing an additional 25,668 shares during the period. Dimensional Fund Advisors LP boosted its stake in Escalade by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 406,406 shares of the company’s stock valued at $5,568,000 after acquiring an additional 15,205 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Escalade by 69.4% during the 4th quarter. Deutsche Bank AG now owns 40,445 shares of the company’s stock valued at $496,000 after acquiring an additional 16,575 shares during the last quarter. Institutional investors and hedge funds own 26.72% of the company’s stock.

About Escalade

Escalade, Incorporated, together with its subsidiaries, manufactures and sells sporting goods in North America, Europe, and internationally. The company manufactures, imports, and distributes various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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