Very Critical News Coverage Extremely Likely to Impact Callaway Golf (ELY) Share Price

Media coverage about Callaway Golf (NYSE:ELY) has trended very negative on Saturday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 6,000 blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Callaway Golf earned a news impact score of -3.00 on their scale. InfoTrie also assigned headlines about the company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company’s share price in the immediate future.

Here are some of the news articles that may have impacted Callaway Golf’s ranking:

ELY has been the topic of several recent research reports. JPMorgan Chase & Co. restated a “buy” rating and issued a $27.00 price target on shares of Callaway Golf in a research report on Thursday, September 27th. Jefferies Financial Group restated a “buy” rating and issued a $26.00 price target on shares of Callaway Golf in a research report on Monday, October 29th. SunTrust Banks restated a “buy” rating and issued a $24.00 price target on shares of Callaway Golf in a research report on Friday, August 3rd. Roth Capital raised their price target on Callaway Golf from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Finally, ValuEngine lowered Callaway Golf from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Callaway Golf currently has a consensus rating of “Buy” and a consensus target price of $23.00.

Shares of NYSE:ELY traded down $1.78 during midday trading on Friday, hitting $17.13. The company had a trading volume of 6,925,706 shares, compared to its average volume of 936,942. Callaway Golf has a 12 month low of $13.49 and a 12 month high of $24.67. The company has a quick ratio of 1.14, a current ratio of 2.28 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.79 billion, a P/E ratio of 32.32, a P/E/G ratio of 0.72 and a beta of 1.05.

Callaway Golf (NYSE:ELY) last posted its quarterly earnings results on Wednesday, October 24th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.09. The business had revenue of $262.65 million for the quarter, compared to analyst estimates of $250.83 million. Callaway Golf had a return on equity of 16.48% and a net margin of 9.08%. As a group, equities research analysts expect that Callaway Golf will post 1.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 21st will be issued a dividend of $0.01 per share. The ex-dividend date is Tuesday, November 20th. This represents a $0.04 annualized dividend and a yield of 0.23%. Callaway Golf’s dividend payout ratio is presently 7.55%.

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About Callaway Golf

Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs, golf balls, golf bags, and other golf-related accessories in the United States and internationally. The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other.

Further Reading: How can investors find ex-dividend dates?

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