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FAIRHAVEN, Mass.— Acushnet Holdings Corp . (NYSE:GOLF), the $4.2 billion market cap golf equipment manufacturer trading at a P/E of 20.9x, saw its Executive Vice President and Chief People Officer, Brendan J. Reidy, sell 11,334 shares of common stock on March 7, according to a recent SEC filing. InvestingPro analysis indicates the stock is currently trading slightly above its Fair Value. The shares were sold at a weighted average price of $67.13, totaling approximately $760,851. Following this transaction, Reidy holds 57,773.482 shares directly. The sale occurred with prices ranging from $67.00 to $67.55. The company maintains a "GOOD" financial health score according to InvestingPro, which also notes the company’s consistent dividend payments and 1.37% yield. Get access to 10+ additional exclusive ProTips and comprehensive insider trading analysis with InvestingPro.
In other recent news, Acushnet Holdings Corp reported its fourth-quarter 2024 earnings, significantly surpassing expectations with an earnings per share (EPS) 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, marking a 4% increase on a constant currency basis. The company’s adjusted EBITDA for 2024 was $412 million, reflecting a 7.5% rise. Looking ahead to 2025, Acushnet projects net sales between $2.485 billion and $2.535 billion, anticipating a 2.6% to 4.6% growth in constant currency.
KeyBanc Capital Markets recently adjusted its financial outlook on Acushnet Holdings, lowering the price target from $80.00 to $77.00 while maintaining an Overweight rating. Despite the decrease, KeyBanc noted that Acushnet’s adjusted EBITDA exceeded expectations, though revenue was slightly below forecasts. The research firm highlighted Acushnet’s business resilience, attributing it to the sustained popularity of golf and the company’s strategic focus on avid golfers. Acushnet’s FY25 adjusted EBITDA guidance aligns closely with consensus estimates, with sales guidance nearly consistent after accounting for a $35 million foreign exchange impact. KeyBanc’s analysis suggests that the long-term industry dynamics justify a premium valuation for Acushnet Holdings.
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