News coverage about Callaway Golf (NYSE:ELY) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Callaway Golf earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.2925655954181 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of Callaway Golf (NYSE:ELY) opened at $14.29 on Tuesday. Callaway Golf has a 1-year low of $9.93 and a 1-year high of $15.63. The company has a market capitalization of $1,350.00, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 1.61 and a beta of 1.11.

Callaway Golf (NYSE:ELY) last released its earnings results on Wednesday, October 25th. The company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ 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 period in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 29.7% compared to the same quarter last year. equities analysts anticipate that Callaway Golf will post 0.51 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating on shares of Callaway Golf in a research note on Wednesday, November 1st. FBR & Co set a $16.00 price target on Callaway Golf and gave the stock a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research raised Callaway Golf from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Friday, January 5th. DA Davidson reaffirmed a “buy” rating and issued a $16.00 price target on shares of Callaway Golf in a research note on Wednesday, September 20th. Finally, SunTrust Banks upped their price target on Callaway Golf from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $15.82.

In other news, SVP Richard H. Arnett sold 8,070 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $14.01, for a total transaction of $113,060.70. Following the transaction, the senior vice president now directly owns 5,000 shares of the company’s stock, valued at $70,050. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alex Mitchell Boezeman sold 16,738 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $15.31, for a total value of $256,258.78. Following the transaction, the insider now directly owns 120,873 shares in the company, valued at $1,850,565.63. The disclosure for this sale can be found here. Insiders sold 46,588 shares of company stock worth $694,031 over the last three months. Corporate insiders own 2.59% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Callaway Golf (NYSE:ELY)

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