
Acushnet (NYSE:GOLF) Shares Down 8.5% Following Weak Earnings

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Acushnet (NYSE:GOLF) shares fell 8.5% to $85.81 following a weaker-than-expected earnings report, missing EPS estimates by $0.02. The company reported a 7.1% year-over-year revenue increase but a decline in EPS from $1.62 to $1.36. Acushnet also declared a quarterly dividend of $0.255 per share, up from $0.24. Analysts have mixed ratings, with a consensus hold rating and an average price target of $92.67. Institutional investors hold 53.12% of the stock, and the company has a market cap of $5.03 billion.
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