Escalade, Inc. (ESCA) Receives Average Recommendation of “Strong Buy” from Analysts

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

Brokers have set a 1 year consensus price objective of $16.00 for the company, according to Zacks. Zacks has also assigned Escalade an industry rank of 20 out of 255 based on the ratings given to its competitors.

ESCA has been the subject of several research reports. Roth Capital reaffirmed a “buy” rating on shares of Escalade in a research report on Sunday, August 19th. Zacks Investment Research raised Escalade from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th.

NASDAQ ESCA opened at $11.99 on Tuesday. The stock has a market capitalization of $171.26 million, a price-to-earnings ratio of 15.57 and a beta of 0.11. Escalade has a 1-year low of $11.11 and a 1-year high of $15.25.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ESCA. Dimensional Fund Advisors LP grew its position in 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 acquiring an additional 15,205 shares in the last quarter. Rhumbline Advisers purchased a new position in shares of Escalade in the 2nd quarter valued at about $144,000. Schwab Charles Investment Management Inc. boosted 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 buying an additional 5,900 shares during the period. Martingale Asset Management L P purchased a new position in shares of Escalade in the 2nd quarter valued at about $180,000. Finally, BlackRock Inc. boosted its stake in shares of Escalade by 11.4% in the 2nd quarter. BlackRock Inc. now owns 533,511 shares of the company’s stock valued at $7,523,000 after buying an additional 54,436 shares during the period. 28.04% of the stock is owned by institutional investors.

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.

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