Callaway Golf (ELY) Receiving Somewhat Positive News Coverage, Analysis Finds

Media headlines about Callaway Golf (NYSE:ELY) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Callaway Golf earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.8522856448875 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Shares of Callaway Golf (ELY) opened at $14.34 on Thursday. Callaway Golf has a 12 month low of $9.93 and a 12 month high of $15.63. The firm has a market capitalization of $1,359.43, a price-to-earnings ratio of 28.20, a P/E/G ratio of 1.88 and a beta of 1.12.

Callaway Golf (NYSE:ELY) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $209.52 million. During the same quarter in the prior year, the business earned ($0.06) EPS. The firm’s revenue for the quarter was up 29.7% on a year-over-year basis. equities analysts forecast that Callaway Golf will post 0.51 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 22nd will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Tuesday, November 21st. Callaway Golf’s dividend payout ratio (DPR) is presently 2.09%.

Several research firms have recently commented on ELY. B. Riley reissued a “buy” rating on shares of Callaway Golf in a report on Wednesday, November 1st. Forward View reissued a “hold” rating on shares of Callaway Golf in a report on Saturday, October 28th. Zacks Investment Research raised Callaway Golf from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a report on Friday, October 27th. Jefferies Group set a $19.00 price objective on Callaway Golf and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, SunTrust Banks increased their price objective on Callaway Golf from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Callaway Golf has a consensus rating of “Buy” and an average price target of $15.67.

In related news, SVP Brian P. Lynch sold 6,277 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $15.42, for a total value of $96,791.34. Following the sale, the senior vice president now owns 46,184 shares in the company, valued at approximately $712,157.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Richard H. Arnett sold 8,070 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $14.01, for a total value of $113,060.70. Following the completion of the sale, the senior vice president now owns 5,000 shares in the company, valued at approximately $70,050. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,850 shares of company stock worth $437,772. 2.59% of the stock is owned by company insiders.

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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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