EU and US could reach trade deal this weekend - Reuters
Mohamed Nicholas N, the Principal Accounting Officer at Acushnet Holdings Corp . (NYSE:GOLF), recently sold a portion of his holdings in the company. The golf equipment manufacturer, with a market capitalization of $4.1 billion, has demonstrated strong financial performance with a healthy return on equity of 26% and trades at a P/E ratio of 20.5x. According to a recent SEC filing, Nicholas sold 1,361 shares of Acushnet’s common stock on March 10, 2025, at a price of $69.75 per share. The total value of the transaction amounted to $94,952. Following this sale, Nicholas retains ownership of 3,563 shares in the company. The stock has shown significant momentum with a 9.4% return over the past week, and according to InvestingPro, the company maintains a strong financial health rating with 12 additional key insights available to subscribers.
In other recent news, Acushnet Holdings Corp reported its fourth-quarter 2024 earnings, exceeding expectations with an earnings per share (EPS) of -$0.02, significantly better than the anticipated -$0.33. The company also surpassed revenue forecasts, reporting $455.2 million against the expected $448.76 million. For the full year, Acushnet’s sales reached $2.46 billion, marking a 4% gain on a constant currency basis. Additionally, the company’s adjusted EBITDA for 2024 was $412 million, a 7.5% increase from the previous year. Looking ahead, Acushnet projects 2025 net sales between $2.485 billion and $2.535 billion and expects adjusted EBITDA to range from $405 million to $420 million. In analyst updates, KeyBanc Capital Markets adjusted its price target for Acushnet Holdings from $80.00 to $77.00, while maintaining an Overweight rating. This adjustment reflects slightly revised downward estimates for FY25, although the firm’s overall assessment of the company remains positive. KeyBanc highlighted Acushnet’s business resilience, attributing it to the popularity of golf and the company’s strategic focus on avid golfers.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.