Callaway Golf (ELY) Earning Somewhat Favorable Media Coverage, Report Finds
Press coverage about Callaway Golf (NYSE:ELY) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Callaway Golf earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.3605611689289 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Notable Stocks Roundup: Infinity Pharmaceuticals, Inc., (NASDAQ: INFI), Callaway Golf Company, (NYSE: ELY), Briggs … – Stocks In The News (press release) (tradingnewsnow.com)
- Callaway Golf Company (ELY) Director Anthony S. Thornley Sells 7,000 Shares (americanbankingnews.com)
- Callaway Golf Company (ELY) Rating Reiterated by Forward View (americanbankingnews.com)
- Eastman Chemical Company (EMN) In Active Momentum Stocks- Callaway Golf Company (ELY) – Investing News Update (investingbizz.com)
- Imperial Capital Weighs in on Callaway Golf Company’s Q1 2018 Earnings (ELY) (americanbankingnews.com)
A number of research analysts have recently commented on ELY shares. BidaskClub lowered Callaway Golf from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research lowered Callaway Golf from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 25th. Jefferies Group LLC set a $18.00 price objective on Callaway Golf and gave the company a “buy” rating in a report on Friday, August 4th. Forward View lowered Callaway Golf to a “hold” rating and set a $14.00 price objective on the stock. in a report on Saturday, August 5th. Finally, Compass Point lowered Callaway Golf from a “buy” rating to a “neutral” rating and increased their price objective for the company from $13.60 to $13.75 in a report on Monday, August 7th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Callaway Golf has an average rating of “Buy” and an average price target of $15.67.
Callaway Golf (NYSE ELY) traded down $0.27 on Friday, reaching $14.04. The company’s stock had a trading volume of 650,082 shares, compared to its average volume of 1,030,000. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 1.86 and a beta of 1.10. Callaway Golf has a 12-month low of $9.93 and a 12-month high of $15.63.
Callaway Golf (NYSE:ELY) last released its earnings results on Wednesday, October 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.09. The firm had revenue of $243.60 million for the quarter, compared to analyst estimates of $209.52 million. Callaway Golf had a return on equity of 7.88% and a net margin of 17.97%. The company’s revenue was up 29.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) EPS. sell-side analysts forecast that Callaway Golf will post 0.51 earnings per share for the current fiscal year.
In other news, Director Anthony S. Thornley sold 7,000 shares of Callaway Golf stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $14.40, for a total transaction of $100,800.00. Following the sale, the director now owns 47,034 shares of the company’s stock, valued at approximately $677,289.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brian P. Lynch sold 6,277 shares of Callaway Golf stock in a transaction that occurred 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 directly owns 46,184 shares in the company, valued at approximately $712,157.28. The disclosure for this sale can be found here. Insiders have sold a total of 113,871 shares of company stock worth $1,601,788 in the last three months. 2.59% of the stock is owned by 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.
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