Key Points
- CFO Stephen Wawrin sold 2,000 shares on Nov. 21 at $13.00 each for $26,000, reducing his stake to 41,000 shares (about $533,000), a 4.65% ownership decrease, as disclosed in an SEC Form 4.
- Company fundamentals and payout: Escalade beat quarterly estimates with $0.40 EPS (vs. $0.31) and $67.79M revenue, declared a $0.15 quarterly dividend (annualized $0.60, ~4.6% yield), and trades near $13 with a P/E of 14.24 and an average analyst rating of "Hold".
Escalade, Incorporated (NASDAQ:ESCA - Get Free Report) CFO Stephen Wawrin sold 2,000 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $13.00, for a total value of $26,000.00. Following the sale, the chief financial officer owned 41,000 shares of the company's stock, valued at approximately $533,000. This represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Escalade Stock Performance
Shares of NASDAQ ESCA opened at $12.96 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.15 and a quick ratio of 1.79. Escalade, Incorporated has a one year low of $11.41 and a one year high of $16.99. The business's 50-day moving average price is $12.21 and its two-hundred day moving average price is $13.08. The company has a market capitalization of $178.90 million, a P/E ratio of 14.24 and a beta of 0.70.
Escalade (NASDAQ:ESCA - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.09. Escalade had a return on equity of 6.86% and a net margin of 5.30%.The business had revenue of $67.79 million during the quarter, compared to analyst estimates of $58.83 million. Analysts anticipate that Escalade, Incorporated will post 0.93 earnings per share for the current fiscal year.
Escalade Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Monday, January 5th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, January 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.6%. Escalade's dividend payout ratio (DPR) is currently 65.93%.
Analyst Ratings Changes
A number of brokerages recently issued reports on ESCA. Wall Street Zen cut shares of Escalade from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Zacks Research raised Escalade from a "strong sell" rating to a "hold" rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Escalade in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Escalade presently has an average rating of "Hold".
Check Out Our Latest Stock Report on ESCA
Hedge Funds Weigh In On Escalade
Large investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Escalade in the 2nd quarter valued at approximately $29,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Escalade in the second quarter valued at approximately $32,000. Tower Research Capital LLC TRC grew its stake in shares of Escalade by 439.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,622 shares of the company's stock worth $51,000 after acquiring an additional 2,950 shares during the last quarter. Certior Financial Group LLC acquired a new stake in shares of Escalade in the third quarter worth $141,000. Finally, JPMorgan Chase & Co. increased its position in Escalade by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 13,853 shares of the company's stock worth $174,000 after acquiring an additional 1,600 shares during the period. Institutional investors and hedge funds own 65.22% of the company's stock.
Escalade Company Profile
(
Get Free Report)
Escalade, Incorporated, together with its subsidiaries, manufactures, distributes, imports, and sells sporting goods in North America, Europe, and internationally. The company provides various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
