Acushnet Corp. trades as part of the travel and leisure industry and trades as part of the consumer cyclical sector. The company CEO is David Maher. Acushnet Corp is engaged in the design, development, manufacture and distribution of performance-driven golf products.



Previous Intraday Performance:

The GOLF shares had a previous change of 2.23% which opened at 24.12 and closed at 24.34. It moved to an intraday high of 24.65 and a low of 24.12.

SeekingAlpha:  Acushnet Holdings Corp. (GOLF) CEO David Maher on Q1 2019 Results – Earnings Call Transcript

Historical Performance:

Over the last five trading days, GOLF shares returned 1.67% and in the past 30 trading days it returned -2.19%. Over three months, it changed -1.19%. In one year it has changed 1.34% and within that year its 52 week high was 27.87 and its 52 week low was 20.24. GOLF stock is 20.26% above its 52 week low.

Our calculations result in a 200 day moving average of 24.07 and a 50 day moving average of 24.12. Right now, GOLF stock is trading 1.11% above its 200 day moving average and may be a good opportunity to buy.

SeekingAlpha:  Acushnet Holdings Corp. (GOLF) CEO David Maher on Q1 2019 Results – Earnings Call Transcript

Liquidity:

The company has a market cap of $1.8b with 75.6m shares outstanding and a float of 74.1m shares. Trading volume was 137,473 shares and has experienced an average volume of 213,237 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for Acushnet Corp. was 1.31 which ended on 31st of December 2018, which according to the previous close, that is a PE of 18.58. Based on 8 analyst estimates, the consensus EPS for the next quarter is 0.56. The trailing twelve month EPS reported is 1.33 (trailing twelve month diluted EPS is 1.23).

Below was the last reported quarterly diluted earnings per share:

1stQtr 2019Reported 05-08-2019: 0.46
4thQtr 2018Reported 02-28-2019: 0.15
3rdQtr 2018Reported 11-01-2018: 0.09
2ndQtr 2018Reported 08-02-2018: 0.53
1stQtr 2018Reported 05-03-2018: 0.55

Base on our calculations, the intrinsic value per share is 33.13, which means it might be undervalued and has a margin of safety of 26.52%.

The long-term trend of the EPS is an important number as it indicates the present value of Acushnet Corp.; it is usually expressed as a percentage and is then referred to as the EPS growth rate, which at this time is hard to estimate, but revenue growth has been 2.20% over the last twelve months.



Indicators Also to Watch:

Based on the latest filings, there is 69.00% of institutional ownership. Short-interest was 4,087,309, which was 5.41% of shares outstanding. The short-interest ratio or days-to-cover ratio was 31.60. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The beta was calculated to be 0.93.

SeekingAlpha:  Standing At The Edge Of The Abyss

Fundamental Numbers:

Based on last reported financials, the company’s return on assets is 5.20%, profit margin is 6.20%, price-to-sales is 1.15 and price-to-book is 1.97.

Company Score Card:

Results are out of six:
 1  : Growth Expectations Result
 4  : Financial Safety Result
 1  : Past Performance Result
 2  : Valuation Result
 2  : Dividend Safety Result
 2  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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