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Acushnet Holdings Corp (NYSE:GOLF), the parent company of renowned golf brands such as Titleist and FootJoy, has seen its stock price touch a 52-week low, dipping to $57.23. The company, with a market capitalization of $3.49 billion, maintains strong liquidity with a current ratio of 2.06 and offers a dividend yield of 1.58%. This latest price point reflects a challenging year for the company, with a steeper year-to-date decline of 15.89% and a P/E ratio of 17.61. Investors and market analysts are closely monitoring Acushnet’s performance, as the company navigates through market headwinds and strives to regain its footing in the competitive sports equipment industry. According to InvestingPro analysis, the stock appears slightly undervalued at current levels, with additional insights available in the comprehensive Pro Research Report, which offers deep-dive analysis of 1,400+ top US stocks.
In other recent news, Acushnet Holdings Corp reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share of -$0.02, compared to the anticipated -$0.33. The company also exceeded revenue forecasts, posting $455.2 million against the expected $448.76 million. For the full year, Acushnet reported sales of $2.46 billion, representing a 4% gain on a constant currency basis. The company’s adjusted EBITDA for 2024 increased by 7.5% to $412 million, with a gross margin of 48.3% for the full year.
KeyBanc Capital Markets adjusted its financial outlook on Acushnet Holdings, reducing the price target from $80.00 to $77.00, yet maintaining an Overweight rating on the company’s stock. The firm noted Acushnet’s adjusted EBITDA surpassed expectations, although revenue was slightly below forecasts. Acushnet’s FY25 adjusted EBITDA guidance aligns closely with the consensus at the midpoint, estimated at approximately $413 million. The company’s sales guidance was marginally below expectations but nearly consistent when excluding a $35 million foreign exchange impact.
Acushnet plans to continue investing in product innovation and global expansion, with upcoming launches including the Pro V1 golf ball and new putter and iron models. The company projects net sales between $2.485 billion and $2.535 billion for 2025, anticipating a 2.6% to 4.6% growth in constant currency.
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