Callaway Golf (ELY) Earning Somewhat Positive Media Coverage, Analysis Finds
Headlines about Callaway Golf (NYSE:ELY) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Callaway Golf earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.7684792766327 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded Callaway Golf from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Forward View reissued a “hold” rating on shares of Callaway Golf in a research note on Saturday, October 28th. KeyCorp set a $16.00 target price on Callaway Golf and gave the company a “buy” rating in a research note on Saturday, October 21st. Cowen set a $14.00 target price on Callaway Golf and gave the company a “hold” rating in a research note on Tuesday, October 24th. Finally, DA Davidson reissued a “buy” rating and set a $16.00 target price on shares of Callaway Golf in a research note on Wednesday, September 20th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Callaway Golf presently has a consensus rating of “Buy” and an average price target of $15.67.
Shares of Callaway Golf (ELY) opened at $14.41 on Tuesday. Callaway Golf has a 12 month low of $9.93 and a 12 month high of $15.63. The stock has a market capitalization of $1,366.05, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 1.89 and a beta of 1.12.
Callaway Golf (NYSE:ELY) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.09. Callaway Golf had a return on equity of 7.88% and a net margin of 17.97%. The business had revenue of $243.60 million for the quarter, compared to the consensus estimate of $209.52 million. During the same quarter in the previous year, the company posted ($0.06) EPS. The company’s revenue was up 29.7% compared to the same quarter last year. equities analysts predict that Callaway Golf will post 0.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 22nd will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Tuesday, November 21st. Callaway Golf’s dividend payout ratio (DPR) is 2.09%.
In other news, Director Anthony S. Thornley sold 7,000 shares of Callaway Golf stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $14.40, for a total value of $100,800.00. Following the completion of the transaction, the director now owns 47,034 shares in the company, valued at approximately $677,289.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Richard H. Arnett sold 8,070 shares of Callaway Golf stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $14.01, for a total value of $113,060.70. Following the completion of the transaction, the senior vice president now owns 5,000 shares of the company’s stock, valued at approximately $70,050. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,850 shares of company stock valued at $437,772. Company insiders own 2.59% of the company’s stock.
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About Callaway Golf
Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges, and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of its trademarks and service marks and sales of pre-owned golf clubs.
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