Acushnet Holdings Corp. Announces Third-Quarter 2018 Financial Results

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Acushnet Holdings (GOLF) PT Lowered to $24 at Imperial Capital

November 2, 2018 7:59 AM EDT

Imperial Capital analyst, George Kelly, lowered the price target on Acushnet Holdings (NYSE: GOLF) to $24.00 (from $26.00) while maintaining a In-Line rating following the company's 3Q earnings report. Revenue and EBITDA of $370mn and $38.3mn compared to estimates of $357mn and $37.4mn, respectively. Golf balls and... More

Acushnet (GOLF) Net Income Declines 23.6% Year-Over-Year

November 1, 2018 7:20 AM EDT

Acushnet (NYSE: GOLF) reported Q3 revenue of $370.4 million versus the consensus estimate of $359.26 million.

Net income attributable to Acushnet decreased by $2.2 million to $7.1 million, down 23.6% year over year

GUIDANCE:

Acushnet sees FY2018 revenue of $1.62-1.63 billion, versus the... More