Callaway Golf (ELY) Earns Daily Media Sentiment Score of 0.09
News headlines about Callaway Golf (NYSE:ELY) have trended somewhat positive on Wednesday, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, 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 assigned press coverage about the company an impact score of 46.6492451039259 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
- HollyFrontier Corporation (HFC) noted a price change of 6.46% and Callaway Golf Company (ELY) closes with a move … – Stocks Gallery (stocksgallery.com)
- Now Is The Time To Reconsider Callaway Golf Company (ELY), Boston Scientific Corporation (BSX) – AllStockNews (allstocknews.com)
- Can Callaway Golf (ELY) Run Higher on Strong Earnings Estimate Revisions? – Nasdaq (nasdaq.com)
- CALLAWAY GOLF COMPANY (NYSE:ELY) Files An 8-K Regulation FD Disclosure (4-traders.com)
Shares of Callaway Golf (ELY) traded up 0.66% during midday trading on Wednesday, hitting $13.75. 739,851 shares of the company traded hands. Callaway Golf has a 52 week low of $9.77 and a 52 week high of $13.76. The stock has a market capitalization of $1.30 billion, a P/E ratio of 7.60 and a beta of 1.20. The company has a 50-day moving average price of $12.83 and a 200-day moving average price of $12.01.
Callaway Golf (NYSE:ELY) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. The business had revenue of $304.50 million during the quarter, compared to the consensus estimate of $295.70 million. Callaway Golf had a net margin of 18.09% and a return on equity of 6.60%. The company’s revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. Analysts anticipate that Callaway Golf will post $0.44 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. Callaway Golf’s dividend payout ratio is presently 2.20%.
Several equities analysts have recently issued reports on the stock. Compass Point lowered shares of Callaway Golf from a “buy” rating to a “neutral” rating and lifted their target price for the company from $13.60 to $13.75 in a report on Monday, August 7th. Forward View lowered shares of Callaway Golf to a “hold” rating and set a $14.00 target price for the company. in a report on Saturday, August 5th. Jefferies Group LLC set a $18.00 target price on shares of Callaway Golf and gave the company a “buy” rating in a report on Friday, August 4th. BidaskClub upgraded shares of Callaway Golf from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Imperial Capital reissued an “outperform” rating and set a $16.00 price target on shares of Callaway Golf in a research report on Thursday, August 24th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $14.98.
In other news, insider Oliver G. Brewer III sold 131,884 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $13.31, for a total transaction of $1,755,376.04. Following the completion of the sale, the insider now owns 291,399 shares in the company, valued at approximately $3,878,520.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Alan Hocknell sold 57,138 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $13.30, for a total transaction of $759,935.40. Following the sale, the senior vice president now owns 115,045 shares of the company’s stock, valued at approximately $1,530,098.50. The disclosure for this sale can be found here. 2.59% of the stock is currently owned by insiders.
Callaway Golf Company Profile
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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