Key Points
- Director Richard Fenton Baalmann Jr. sold 4,224 ESCA shares on Dec. 10 at $13.00 each for $54,912, reducing his stake by 3.84% to 105,884 shares (valued ~ $1.38M).
- Escalade declared a quarterly dividend of $0.15 per share (ex-dividend Jan. 5, payable Jan. 12), representing a $0.60 annualized payout and a ~4.6% yield with a 65.9% payout ratio.
- Recent quarter beat expectations: Escalade reported $0.40 EPS vs. $0.31 expected and revenue of $67.79M vs. $58.83M, while the company trades at a P/E of 14.4 and market cap of about $181M.
Escalade, Incorporated (NASDAQ:ESCA - Get Free Report) Director Richard Fenton Baalmann, Jr. sold 4,224 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $13.00, for a total value of $54,912.00. Following the transaction, the director directly owned 105,884 shares in the company, valued at approximately $1,376,492. The trade was a 3.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Escalade Stock Performance
NASDAQ ESCA opened at $13.10 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.30 and a quick ratio of 1.41. The company has a market cap of $180.78 million, a P/E ratio of 14.40 and a beta of 0.71. The stock has a 50-day moving average of $12.29 and a two-hundred day moving average of $12.92. Escalade, Incorporated has a 1-year low of $11.41 and a 1-year high of $16.99.
Escalade (NASDAQ:ESCA - Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.31 by $0.09. Escalade had a net margin of 5.26% and a return on equity of 7.49%. The business had revenue of $67.79 million during the quarter, compared to analyst estimates of $58.83 million. As a group, analysts anticipate that Escalade, Incorporated will post 0.93 EPS for the current year.
Escalade Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Monday, January 5th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend 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 is currently 65.93%.
Analyst Ratings Changes
ESCA has been the subject of a number of recent research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Escalade in a report on Wednesday, October 8th. Zacks Research upgraded Escalade from a "strong sell" rating to a "hold" rating in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".
Read Our Latest Research Report on Escalade
Institutional Trading of Escalade
A number of institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Escalade during the 2nd quarter worth about $29,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Escalade during the second quarter worth approximately $32,000. Tower Research Capital LLC TRC boosted its holdings in Escalade by 439.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,622 shares of the company's stock valued at $51,000 after purchasing an additional 2,950 shares in the last quarter. Certior Financial Group LLC purchased a new position in Escalade in the third quarter valued at approximately $141,000. Finally, JPMorgan Chase & Co. raised its holdings 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 purchasing an additional 1,600 shares in the last quarter. 65.22% of the stock is owned by hedge funds and other institutional investors.
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.
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