News articles about Callaway Golf (NYSE:ELY) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. 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 coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.1965365552186 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Callaway Golf (ELY) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Xander Schauffele Joins Callaway Golf Tour Staff (finance.yahoo.com)
- Sergio Garcia Signs with Callaway Golf – AmateurGolf.com (amateurgolf.com)
- Callaway Golf Company, (NYSE: ELY) – Overview on Stock’s Volatility – Stock Watch (stocksnewstimes.com)
- Callaway: Why Street-Unaware Product Leaks Understate 2018 EPS By Nearly 20% – Seeking Alpha (seekingalpha.com)
ELY has been the topic of a number of recent research reports. Compass Point lowered Callaway Golf from a “neutral” rating to a “sell” rating and cut their price target for the company from $15.06 to $13.50 in a research note on Wednesday, December 27th. KeyCorp set a $16.00 price objective on Callaway Golf and gave the stock a “buy” rating in a research report on Saturday, October 21st. Raymond James Financial restated a “hold” rating on shares of Callaway Golf in a research report on Wednesday, December 27th. DA Davidson set a $18.00 price objective on Callaway Golf and gave the stock a “buy” rating in a research report on Wednesday, December 27th. Finally, Jefferies Group restated a “buy” rating and set a $18.00 price objective on shares of Callaway Golf in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.82.
Callaway Golf (NYSE:ELY) last announced its earnings results on Wednesday, October 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating 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 company had revenue of $243.60 million for the quarter, compared to analysts’ expectations of $209.52 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. Callaway Golf’s quarterly revenue was up 29.7% on a year-over-year basis. analysts predict that Callaway Golf will post 0.51 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 22nd were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $0.04 annualized dividend and a yield of 0.28%. Callaway Golf’s dividend payout ratio is currently 2.09%.
In other news, SVP Brian P. Lynch sold 6,277 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $15.42, for a total transaction of $96,791.34. Following the transaction, the senior vice president now owns 46,184 shares of the company’s stock, valued at approximately $712,157.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony S. Thornley sold 7,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $14.40, for a total value of $100,800.00. Following the transaction, the director now directly owns 47,034 shares in the company, valued at approximately $677,289.60. The disclosure for this sale can be found here. In the last three months, insiders sold 46,588 shares of company stock worth $694,031. 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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