News headlines about Callaway Golf (NYSE:ELY) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Callaway Golf earned a news impact score of 0.21 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.9690323486539 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Shares of Callaway Golf stock opened at $22.94 on Friday. Callaway Golf has a one year low of $13.49 and a one year high of $23.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.08 and a current ratio of 1.84. The stock has a market cap of $2.18 billion, a P/E ratio of 43.28, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04.

Callaway Golf (NYSE:ELY) last announced its earnings results on Thursday, August 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.47 by $0.16. Callaway Golf had a return on equity of 16.39% and a net margin of 8.70%. The company had revenue of $396.31 million for the quarter, compared to analyst estimates of $371.30 million. During the same quarter in the prior year, the company earned $0.34 EPS. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. equities research analysts expect that Callaway Golf will post 1 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Monday, August 13th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, August 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.17%. Callaway Golf’s payout ratio is 7.55%.

A number of equities analysts have issued reports on ELY shares. SunTrust Banks reaffirmed a “buy” rating and issued a $24.00 target price on shares of Callaway Golf in a report on Friday, August 3rd. KeyCorp upped their target price on Callaway Golf from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, June 4th. B. Riley upped their target price on Callaway Golf from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, May 30th. Compass Point set a $20.00 target price on Callaway Golf and gave the stock a “hold” rating in a report on Monday, August 6th. Finally, Roth Capital upped their target price on Callaway Golf from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Callaway Golf presently has a consensus rating of “Buy” and an average price target of $21.42.

In related news, VP Mark F. Leposky sold 21,767 shares of the company’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $20.00, for a total transaction of $435,340.00. Following the sale, the vice president now owns 140,499 shares in the company, valued at approximately $2,809,980. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.59% of the stock is owned by corporate insiders.

Callaway Golf Company Profile

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.

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Insider Buying and Selling by Quarter for Callaway Golf (NYSE:ELY)

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