Callaway Golf Co (NYSE:ELY) – SunTrust Banks boosted their Q4 2019 earnings estimates for shares of Callaway Golf in a report issued on Monday, April 8th. SunTrust Banks analyst M. Swartz now expects that the company will post earnings per share of ($0.14) for the quarter, up from their previous estimate of ($0.15).

Callaway Golf (NYSE:ELY) last issued its earnings results on Wednesday, February 6th. The company reported ($0.32) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.32). Callaway Golf had a net margin of 8.43% and a return on equity of 14.01%. The business had revenue of $181.00 million for the quarter, compared to the consensus estimate of $176.35 million. During the same quarter last year, the firm posted ($0.15) EPS. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year.

A number of other brokerages also recently commented on ELY. Zacks Investment Research downgraded shares of Callaway Golf from a “hold” rating to a “sell” rating in a research note on Monday, January 14th. Berenberg Bank reaffirmed a “buy” rating and set a $24.00 price target on shares of Callaway Golf in a research note on Thursday, February 28th. Imperial Capital dropped their price target on shares of Callaway Golf from $25.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, February 7th. ValuEngine raised shares of Callaway Golf from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, JPMorgan Chase & Co. initiated coverage on shares of Callaway Golf in a report on Thursday, December 20th. They set a “hold” rating and a $23.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $22.31.

Shares of ELY stock opened at $16.54 on Thursday. Callaway Golf has a 52 week low of $14.44 and a 52 week high of $24.67. The company has a current ratio of 1.73, a quick ratio of 0.62 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.57 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 0.66 and a beta of 1.04.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Massey Quick Simon & CO. LLC boosted its holdings in shares of Callaway Golf by 50.0% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 2,383 shares of the company’s stock valued at $36,000 after buying an additional 794 shares during the period. Pearl River Capital LLC bought a new stake in Callaway Golf in the 4th quarter valued at about $74,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Callaway Golf by 26.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,523 shares of the company’s stock valued at $100,000 after purchasing an additional 1,376 shares during the last quarter. Quantamental Technologies LLC bought a new stake in Callaway Golf in the 4th quarter valued at about $137,000. Finally, Advisor Group Inc. lifted its position in Callaway Golf by 155.7% in the 4th quarter. Advisor Group Inc. now owns 9,112 shares of the company’s stock valued at $141,000 after purchasing an additional 5,548 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

In other Callaway Golf news, Director Russell L. Fleischer purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The stock was acquired at an average cost of $15.50 per share, with a total value of $77,500.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $77,500. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.97% of the stock is owned by company insiders.

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. The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other. The Golf Clubs segment provides golf drivers and fairway woods, hybrids, irons and wedges, putters, packaged sets, and pre-owned golf clubs.

Recommended Story: Sell-Side Analysts

Earnings History and Estimates for Callaway Golf (NYSE:ELY)

Receive News & Ratings for Callaway Golf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callaway Golf and related companies with MarketBeat.com's FREE daily email newsletter.