Callaway Golf (ELY) updated its FY12 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ($0.73)-($0.83) for the period.

A number of research firms have also recently commented on ELY. Analysts at Raymond James upgraded shares of Callaway Golf from a market perform rating to a strong-buy rating in a research note to investors on Monday, October 1st. They now have a $8.00 price target on the stock. On a related note, analysts at Imperial Capital raised their EPS on shares of Callaway Golf in a research note to investors on Wednesday, August 29th. They now have an outperform rating on the stock. Finally, analysts at Gilford Securities reiterated a buy rating on shares of Callaway Golf in a research note to investors on Monday, July 30th.

Shares of Callaway Golf (ELY) traded up 0.51% during mid-day trading on Thursday, hitting $5.96. Callaway Golf (ELY) has a 52 week low of $5.00 and a 52 week high of $7.29. The company’s market cap is $388.0 million.

Callaway Golf last announced its earnings results on Thursday, October 25th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by $0.09. Callaway Golf’s revenue was down 14.5% compared to the same quarter last year. Analysts expect that Callaway Golf (ELY) will post $-0.61 EPS for the current fiscal year.

Callaway Golf Company (Callaway Golf), together with its subsidiaries, designs, manufactures and sells golf clubs (drivers, fairway woods, hybrids, irons, wedges and putters) and golf balls.

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