NYSE:ELYCallaway Golf Stock Price, Forecast & News

Callaway Golf's stock was trading at $12.46 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ELY stock has increased by 57.7% and is now trading at $19.65.
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10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Callaway Golf in the last year. There are currently 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Callaway Golf is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020.
View our earnings forecast for Callaway Golf.

Callaway Golf Co (NYSE:ELY) released its quarterly earnings results on Thursday, May, 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.30 by $0.02. The business earned $442.28 million during the quarter, compared to analyst estimates of $440.70 million. Callaway Golf had a net margin of 3.67% and a return on equity of 9.95%. The firm's revenue was down 14.3% compared to the same quarter last year. During the same period last year, the business earned $0.63 EPS.
View Callaway Golf's earnings history.

Callaway Golf announced a quarterly dividend on Tuesday, May 12th. Investors of record on Wednesday, May 27th will be paid a dividend of $0.01 per share on Wednesday, June 17th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Tuesday, May 26th.
View Callaway Golf's dividend history.

Callaway Golf declared that its Board of Directors has initiated a stock buyback program on Thursday, August 8th 2019, which permits the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 5.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

10 equities research analysts have issued twelve-month price targets for Callaway Golf's stock. Their forecasts range from $17.00 to $26.00. On average, they expect Callaway Golf's share price to reach $20.20 in the next twelve months. This suggests a possible upside of 2.8% from the stock's current price.
View analysts' price targets for Callaway Golf.

News stories about ELY stock have trended negative recently, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Callaway Golf earned a news sentiment score of -2.8 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future.
View the latest news about Callaway Golf.

Callaway Golf saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 15,950,000 shares, an increase of 8.5% from the June 15th total of 14,700,000 shares. Based on an average daily trading volume, of 2,100,000 shares, the short-interest ratio is currently 7.6 days. Approximately 18.4% of the company's stock are short sold.
View Callaway Golf's Current Options Chain.

Some companies that are related to Callaway Golf include Hasbro (HAS), Polaris Industries (PII), Brunswick (BC), Mattel (MAT), Sturm Ruger & Company Inc (RGR), Johnson Outdoors (JOUT), Marine Products (MPX) and JAKKS Pacific (JAKK).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Callaway Golf investors own include AbbVie (ABBV), Chevron (CVX), NVIDIA (NVDA), Walt Disney (DIS), Alibaba Group (BABA), Cisco Systems (CSCO), Home Depot (HD), Paypal (PYPL), Micron Technology (MU) and Advanced Micro Devices (AMD).

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

Callaway Golf's stock is owned by a variety of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (1.48%), Ziegler Capital Management LLC (0.69%), Grace & White Inc. NY (0.50%), UBS Group AG (0.41%), Mesirow Financial Investment Management Equity Management (0.35%) and New York State Teachers Retirement System (0.28%). Company insiders that own Callaway Golf stock include Brian P Lynch, Glenn F Hickey, 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 Platinum Investment Management Ltd., UBS Group AG, Grace & White Inc. NY, Mesirow Financial Investment Management Equity Management, Ziegler Capital Management LLC, Hancock Whitney Corp, Carnegie Capital Asset Management LLC, and Texas Permanent School Fund. Company insiders that have sold Callaway Golf company stock in the last year include Glenn F Hickey, and Richard H Arnett.
View insider buying and selling activity for Callaway Golf.

ELY stock was bought by a variety of institutional investors in the last quarter, including Hodges Capital Management Inc., Peregrine Capital Management LLC, Calamos Advisors LLC, Russell Investments Group Ltd., Raymond James Financial Services Advisors Inc., Envestnet Asset Management Inc., Swiss National Bank, and SG Americas Securities LLC. Company insiders that have bought Callaway Golf stock in the last two years include Brian P Lynch, Oliver G Brewer III, and Russell L Fleischer.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of ELY stock can currently be purchased for approximately $19.65.

Callaway Golf has a market capitalization of $1.85 billion and generates $1.70 billion in revenue each year. The company earns $79.41 million in net income (profit) each year or $1.10 on an earnings per share basis. Callaway Golf employs 2,400 workers across the globe.

The official website for Callaway Golf is 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 [email protected]