Key Points
- Escalade CFO Stephen Wawrin sold 3,177 shares at an average price of $21.40, generating $67,987.80. He retained 45,000 shares after the transaction, a 6.59% reduction in his direct holdings.
- Escalade reported quarterly EPS of $0.68, beating the $0.16 analyst consensus, while revenue of $57.7 million was roughly in line with expectations.
- The company declared a quarterly dividend of $0.1525, equivalent to an annualized $0.61 payout and a 2.7% yield. Analysts’ consensus rating remains “Moderate Buy,” and institutional investors own 65.22% of the stock.
Escalade, Incorporated (NASDAQ:ESCA - Get Free Report) CFO Stephen Wawrin sold 3,177 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $21.40, for a total transaction of $67,987.80. Following the sale, the chief financial officer directly owned 45,000 shares in the company, valued at approximately $963,000. This represents a 6.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Escalade Trading Down 0.4%
Shares of ESCA opened at $22.24 on Friday. Escalade, Incorporated has a twelve month low of $11.41 and a twelve month high of $23.00. The firm has a market capitalization of $306.24 million, a P/E ratio of 13.32 and a beta of 0.58. The firm's 50-day moving average is $18.99 and its two-hundred day moving average is $17.51.
Escalade (NASDAQ:ESCA - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.52. The company had revenue of $57.70 million during the quarter, compared to the consensus estimate of $57.60 million. Escalade had a net margin of 9.46% and a return on equity of 13.11%. Analysts predict that Escalade, Incorporated will post 1.08 EPS for the current year.
Escalade Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Tuesday, October 6th will be paid a $0.1525 dividend. This represents a $0.61 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, October 6th. Escalade's dividend payout ratio (DPR) is presently 36.53%.
Analyst Upgrades and Downgrades
A number of research firms have commented on ESCA. Weiss Ratings upgraded Escalade from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 24th. Wall Street Zen upgraded Escalade from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 14th. Finally, Zacks Research downgraded Escalade from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".
Read Our Latest Analysis on ESCA
Institutional Trading of Escalade
Several large investors have recently modified their holdings of the business. Minerva Advisors LLC increased its stake in shares of Escalade by 3.2% during the 4th quarter. Minerva Advisors LLC now owns 567,621 shares of the company's stock worth $7,657,000 after purchasing an additional 17,429 shares in the last quarter. Geode Capital Management LLC lifted its stake in Escalade by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 221,996 shares of the company's stock valued at $2,995,000 after buying an additional 878 shares in the last quarter. State Street Corp grew its holdings in Escalade by 3.2% during the 4th quarter. State Street Corp now owns 140,410 shares of the company's stock valued at $1,894,000 after buying an additional 4,373 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Escalade during the 2nd quarter valued at $1,720,000. Finally, Northstar Group Inc. purchased a new position in Escalade during the second quarter worth $1,136,000. 65.22% of the stock is currently owned by institutional investors and hedge funds.
About Escalade
(
Get Free Report)
Escalade, Inc is a U.S.-based manufacturer and distributor of recreational equipment and specialty products for both consumer and commercial markets. Headquartered in Evansville, Indiana, the company operates through two principal business segments: Sporting Goods and Commercial Products. The Sporting Goods segment encompasses a diverse range of products such as hockey and lacrosse goal assemblies, fitness accessories, archery and hunting gear, and table tennis equipment. The Commercial Products segment focuses on seating solutions for restaurants, hospitality venues and other public spaces under the Top Seat brand, as well as storage, display products and industrial carts.
Within Sporting Goods, Escalade markets its products under proprietary brands including Bear® Archery, Gene St.
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