Zacks: Escalade, Inc. (ESCA) Given Average Recommendation of “Strong Buy” by Analysts

Shares of Escalade, Inc. (NASDAQ:ESCA) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 1 year consensus price objective of $16.00 for the company, according to Zacks. Zacks has also given Escalade an industry rank of 47 out of 255 based on the ratings given to its competitors.

ESCA has been the subject of a number of research reports. Zacks Investment Research lowered Escalade from a “hold” rating to a “sell” rating in a research note on Monday, August 20th. ValuEngine lowered Escalade from a “buy” rating to a “hold” rating in a research note on Wednesday, June 6th. Finally, Roth Capital reissued a “buy” rating on shares of Escalade in a research note on Sunday, August 19th.

NASDAQ:ESCA opened at $12.90 on Friday. Escalade has a 12-month low of $11.65 and a 12-month high of $15.25. The stock has a market cap of $184.11 million, a P/E ratio of 16.75 and a beta of 0.15.

Escalade (NASDAQ:ESCA) last released its earnings results on Tuesday, August 14th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.07). Escalade had a return on equity of 9.33% and a net margin of 13.92%. The business had revenue of $48.68 million for the quarter, compared to analysts’ expectations of $50.30 million. analysts forecast that Escalade will post 1.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Stockholders of record on Monday, September 10th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend was Friday, September 7th. Escalade’s payout ratio is 64.94%.

Large investors have recently bought and sold shares of the company. Rhumbline Advisers bought a new stake in shares of Escalade in the 2nd quarter valued at approximately $144,000. ZPR Investment Management bought a new stake in shares of Escalade in the 1st quarter valued at approximately $156,000. Martingale Asset Management L P bought a new stake in shares of Escalade in the 2nd quarter valued at approximately $180,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Escalade by 40.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 20,400 shares of the company’s stock valued at $288,000 after purchasing an additional 5,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Escalade by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 406,406 shares of the company’s stock valued at $5,568,000 after purchasing an additional 15,205 shares during the last quarter. 27.70% of the stock is owned by institutional investors and hedge funds.

Escalade Company Profile

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.

Further Reading: Asset Allocation

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