NYSE:ELY - Callaway Golf Stock Price, News, & Analysis

Callaway Golf trades on the New York Stock Exchange (NYSE) under the ticker symbol "ELY."

Callaway Golf declared a quarterly dividend on Wednesday, May 8th. Stockholders of record on Tuesday, May 21st will be paid a dividend of $0.01 per share on Tuesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Monday, May 20th. View Callaway Golf's Dividend History.

Callaway Golf declared that its board has initiated a stock buyback plan on Wednesday, May 9th 2018, which permits the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Callaway Golf Co (NYSE:ELY) posted its quarterly earnings data on Thursday, May, 9th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.14. The business earned $516.20 million during the quarter, compared to the consensus estimate of $504.07 million. Callaway Golf had a return on equity of 13.42% and a net margin of 6.68%. The firm's revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 earnings per share. View Callaway Golf's Earnings History.

Callaway Golf is scheduled to release their next quarterly earnings announcement on Thursday, August 1st 2019. View Earnings Estimates for Callaway Golf.

Callaway Golf issued an update on its FY19 earnings guidance on Thursday, May, 9th. The company provided earnings per share (EPS) guidance of $0.96-1.06 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.01. The company issued revenue guidance of $1.67-1.70 billion, compared to the consensus revenue estimate of $1.68 billion.Callaway Golf also updated its FY 2019 guidance to $0.96-1.06 EPS.

12 analysts have issued 1 year target prices for Callaway Golf's stock. Their predictions range from $17.00 to $30.00. On average, they expect Callaway Golf's share price to reach $22.9091 in the next twelve months. This suggests a possible upside of 46.4% from the stock's current price. View Analyst Price Targets for Callaway Golf.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Callaway Golf in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Callaway Golf.

Press coverage about ELY stock has been trending positive this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Callaway Golf earned a coverage optimism score of 2.2 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next several days.

Some companies that are related to Callaway Golf include Yeti (YETI), SPORTS DIRECT I/ADR (SDISY), Acushnet (GOLF), Johnson Outdoors (JOUT), Clarus (CLAR), Escalade (ESCA) and Nautilus (NLS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Callaway Golf investors own include Chevron (CVX), Mattel (MAT), AbbVie (ABBV), General Electric (GE), Twitter (TWTR), General Motors (GM), Ultra Clean (UCTT), Walt Disney (DIS), Toll Brothers (TOL) and Alibaba Group (BABA).

Callaway Golf's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.90%), Dimensional Fund Advisors LP (7.28%), FMR LLC (3.96%), TimesSquare Capital Management LLC (2.51%), Northern Trust Corp (2.25%) and Goldman Sachs Group Inc. (2.04%). Company insiders that own Callaway Golf stock include Alan Hocknell, Alex Mitchell Boezeman, Anthony S Thornley, Brian P Lynch, Jennifer L Thomas, Mark F Leposky, Neil Howie, Oliver G Brewer III, Richard H Arnett and Russell L Fleischer. View Institutional Ownership Trends for Callaway Golf.

ELY stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Goldman Sachs Group Inc., Renaissance Technologies LLC, Acadian Asset Management LLC, Man Group plc, Amundi Pioneer Asset Management Inc., Marshall Wace LLP and Robeco Institutional Asset Management B.V.. View Insider Buying and Selling for Callaway Golf.

ELY stock was acquired by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Rice Hall James & Associates LLC, Kennedy Capital Management Inc., TimesSquare Capital Management LLC, Voya Investment Management LLC, Federated Investors Inc. PA, SEI Investments Co and Marshall Wace North America L.P.. View Insider Buying and Selling for Callaway Golf.

Shares of ELY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of ELY stock can currently be purchased for approximately $15.65.

Callaway Golf has a market capitalization of $1.47 billion and generates $1.24 billion in revenue each year. The company earns $104.74 million in net income (profit) each year or $1.07 on an earnings per share basis. Callaway Golf employs 2,400 workers across the globe.

The official website for Callaway Golf is http://www.callawaygolf.com.

Callaway Golf's mailing address is 2180 RUTHERFORD RD, CARLSBAD CA, 92008. The company can be reached via phone at 760-931-1771 or via email at invrelati[email protected]