Callaway Golf (NYSE:ELY) released its earnings results on Wednesday. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.02, Briefing.com reports. Callaway Golf had a net margin of 17.97% and a return on equity of 7.88%. The firm had revenue of $192.00 million for the quarter, compared to analyst estimates of $184.74 million. During the same period last year, the firm earned ($0.09) EPS. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. Callaway Golf updated its Q1 guidance to $0.48-$0.52 EPS and its FY18 guidance to $0.64-$0.70 EPS.

Callaway Golf (NYSE:ELY) traded up $0.42 during midday trading on Thursday, reaching $15.19. 1,399,451 shares of the company’s stock traded hands, compared to its average volume of 921,364. The stock has a market capitalization of $1,379.29, a P/E ratio of 7.73, a PEG ratio of 1.58 and a beta of 1.15. Callaway Golf has a 1-year low of $9.99 and a 1-year high of $15.95.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Wednesday, February 14th will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, February 13th. This represents a $0.04 annualized dividend and a yield of 0.26%. Callaway Golf’s payout ratio is currently 2.09%.

In other Callaway Golf news, SVP Richard H. Arnett sold 8,070 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $14.01, for a total transaction of $113,060.70. Following the transaction, the senior vice president now directly owns 5,000 shares in the company, valued at $70,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alex Mitchell Boezeman sold 16,738 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $15.31, for a total transaction of $256,258.78. Following the transaction, the insider now owns 120,873 shares in the company, valued at $1,850,565.63. The disclosure for this sale can be found here. 2.59% of the stock is owned by corporate insiders.

A number of brokerages have recently issued reports on ELY. DA Davidson set a $18.00 price target on shares of Callaway Golf and gave the stock a “buy” rating in a research report on Wednesday, December 27th. KeyCorp set a $16.00 price target on shares of Callaway Golf and gave the company a “buy” rating in a research note on Saturday, October 21st. Jefferies Group reiterated a “buy” rating and issued a $18.00 target price on shares of Callaway Golf in a research note on Thursday, October 12th. B. Riley reiterated a “buy” rating on shares of Callaway Golf in a research note on Wednesday, November 1st. Finally, SunTrust Banks upped their target price on shares of Callaway Golf from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Callaway Golf currently has a consensus rating of “Buy” and an average target price of $16.40.

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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.

Earnings History for Callaway Golf (NYSE:ELY)

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