Escalade, Incorporated (ESCA) Issues Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Escalade, Incorporated (NASDAQ:ESCA) announced its earnings results on Monday, July 31st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.08, MarketWatch Earnings reports. Escalade, had a return on equity of 10.95% and a net margin of 6.67%. The business had revenue of $52.39 million for the quarter, compared to analyst estimates of $45.60 million.

Escalade, (ESCA) opened at 11.90 on Friday. The company has a 50-day moving average price of $12.51 and a 200-day moving average price of $12.70. The firm has a market capitalization of $170.93 million, a P/E ratio of 15.28 and a beta of 0.06. Escalade, has a one year low of $11.30 and a one year high of $14.70.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Monday, September 11th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date is Friday, September 8th. Escalade,’s dividend payout ratio (DPR) is 58.23%.

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Several research analysts have recently commented on the company. Zacks Investment Research lowered shares of Escalade, from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. ValuEngine lowered shares of Escalade, from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, TheStreet upgraded shares of Escalade, from a “c+” rating to a “b” rating in a research note on Monday, July 31st.

An institutional investor recently raised its position in Escalade, stock. State Street Corp raised its stake in Escalade, Incorporated (NASDAQ:ESCA) by 9.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,666 shares of the company’s stock after buying an additional 11,654 shares during the period. State Street Corp owned 0.91% of Escalade, worth $1,710,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 26.02% of the company’s stock.

Escalade, Company Profile

Escalade, Incorporated (Escalade) is a manufacturer and distributor of sporting goods through its subsidiary Escalade Sports. The Company operates in Sporting Goods (Escalade Sports) segment. Escalade Sports manufactures, imports and distributes sporting goods brands in basketball goals, archery, indoor and outdoor game recreation and fitness products through sporting goods retailers, specialty dealers, key online retailers, traditional department stores and mass merchants.

Earnings History for Escalade, (NASDAQ:ESCA)

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