News articles about Callaway Golf (NYSE:ELY) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Callaway Golf earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned headlines about the company an impact score of 47.06516458588 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Hot Stock’s Watch List – Callaway Golf Company (NYSE: ELY) – Stocks Pen (stockspen.com)
- Callaway Golf (ELY) Upgraded to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Callaway Golf To Present At The 30th Annual Roth Conference In Orange County, California – PR Newswire (press release) (prnewswire.com)
- Here’s What Short-Term Traders Should Know – Callaway Golf Company (NYSE: ELY) – Alpha Beta Stock (alphabetastock.com)
- Technical data from the actions of people on Callaway Golf Company (ELY) – Wall Street Morning (wallstreetmorning.com)
Several analysts recently commented on ELY shares. Zacks Investment Research downgraded shares of Callaway Golf from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. TheStreet raised shares of Callaway Golf from a “c+” rating to a “b” rating in a report on Wednesday, February 14th. ValuEngine raised shares of Callaway Golf from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Compass Point downgraded shares of Callaway Golf from a “neutral” rating to a “sell” rating and cut their price target for the stock from $15.06 to $13.50 in a report on Wednesday, December 27th. Finally, DA Davidson set a $18.00 price objective on shares of Callaway Golf and gave the stock a “buy” rating in a research report on Wednesday, December 27th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $16.61.
Callaway Golf (NYSE ELY) traded down $0.05 during midday trading on Wednesday, reaching $15.87. 637,395 shares of the company were exchanged, compared to its average volume of 934,910. Callaway Golf has a 1-year low of $10.80 and a 1-year high of $16.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.48 and a quick ratio of 0.65. The stock has a market capitalization of $1,513.16, a P/E ratio of 36.91, a PEG ratio of 1.53 and a beta of 1.06.
Callaway Golf (NYSE:ELY) last posted its earnings results on Wednesday, February 7th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.02. The firm had revenue of $192.00 million during the quarter, compared to the consensus estimate of $184.74 million. Callaway Golf had a net margin of 3.89% and a return on equity of 7.85%. The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) earnings per share. research analysts predict that Callaway Golf will post 0.7 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Wednesday, February 14th were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.25%. Callaway Golf’s dividend payout ratio (DPR) is currently 9.30%.
In other Callaway Golf news, SVP Brian P. Lynch sold 25,911 shares of Callaway Golf stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $14.84, for a total transaction of $384,519.24. Following the completion of the sale, the senior vice president now directly owns 31,599 shares in the company, valued at $468,929.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Richard H. Arnett sold 8,193 shares of Callaway Golf stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $16.00, for a total transaction of $131,088.00. Following the sale, the senior vice president now owns 20,241 shares of the company’s stock, valued at $323,856. The disclosure for this sale can be found here. Insiders sold 194,504 shares of company stock valued at $3,039,131 over the last 90 days. 2.59% of the stock is owned by company insiders.
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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.
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