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NYSE:ELYCallaway Golf Stock Price, Forecast & News

$17.03
+0.43 (+2.59 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$16.56
Now: $17.03
$17.14
50-Day Range
$14.58
MA: $16.38
$17.69
52-Week Range
$4.75
Now: $17.03
$22.33
Volume1.01 million shs
Average Volume1.58 million shs
Market Capitalization$1.60 billion
P/E Ratio27.92
Dividend Yield0.24%
Beta1.97
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. The Golf Balls segment designs, manufactures, and sells golf balls. The Gear, Accessories and Other segment offers golf apparel and footwear, headwear, and other lifestyle and golf-related apparel products, as well as golf bags, golf gloves, travel gears, gears, personal storage gears, and accessories. The company sells its products through golf retailers, sporting goods retailers, mass merchants, Internet retailers, department stores, field representatives, and in-house sales representatives, as well as to third-party distributors in the United States and approximately 100 countries. Callaway Golf Company sells its products under the Callaway Golf, Odyssey, Strata, OGIO, and TravisMathew brand names. It also sells pre-owned golf products through its Website, callawaygolfpreowned.com; and Callaway Golf and Odyssey products through its Websites callawaygolf.com, odysseygolf.com, ogio.com, and travismathew.com. The company was founded in 1982 and is based in Carlsbad, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.13 out of 5 stars


Industry, Sector and Symbol

Industry Sporting & athletic goods, not elsewhere classified
Sub-IndustryLeisure Products
CUSIP13119310
Phone760-931-1771

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.70 billion
Cash Flow$2.02 per share
Book Value$8.15 per share

Profitability

Net Income$79.41 million

Miscellaneous

Employees2,400
Market Cap$1.60 billion
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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Callaway Golf (NYSE:ELY) Frequently Asked Questions

How has Callaway Golf's stock been impacted by COVID-19 (Coronavirus)?

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 shares have increased by 36.7% and is now trading at $17.03. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Callaway Golf?

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." View analyst ratings for Callaway Golf.

When is Callaway Golf's next earnings date?

Callaway Golf is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Callaway Golf.

How were Callaway Golf's earnings last quarter?

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

How often does Callaway Golf pay dividends? What is the dividend yield for Callaway Golf?

Callaway Golf announced a quarterly dividend on Tuesday, May 12th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.01 per share on Wednesday, June 17th. This represents a $0.04 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Tuesday, May 26th. View Callaway Golf's dividend history.

How will Callaway Golf's stock buyback program work?

Callaway Golf declared that its Board of Directors has initiated a share repurchase program on Thursday, August 8th 2019, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 5.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

What guidance has Callaway Golf issued on next quarter's earnings?

Callaway Golf updated its first quarter earnings guidance on Monday, April, 27th. The company provided EPS guidance of $0.27-0.31 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.37. The company issued revenue guidance of $438-443 million, compared to the consensus revenue estimate of $463.07 million.

What price target have analysts set for ELY?

10 brokers have issued 12 month price objectives for Callaway Golf's stock. Their forecasts range from $16.00 to $26.00. On average, they expect Callaway Golf's stock price to reach $20.60 in the next twelve months. This suggests a possible upside of 21.0% from the stock's current price. View analysts' price targets for Callaway Golf.

Has Callaway Golf been receiving favorable news coverage?

Media coverage about ELY stock has been trending somewhat negative recently, InfoTrie reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Callaway Golf earned a daily sentiment score of -1.2 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Callaway Golf.

Are investors shorting 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 volume of 2,100,000 shares, the days-to-cover ratio is presently 7.6 days. Currently, 18.4% of the company's shares are short sold. View Callaway Golf's Current Options Chain.

Who are some of Callaway Golf's key competitors?

What other stocks do shareholders of Callaway Golf own?

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).

Who are Callaway Golf's key executives?

Callaway Golf's management team includes the following people:
  • Mr. Oliver G. Brewer III, Pres, CEO & Director (Age 55)
  • Mr. Brian P. Lynch, Exec. VP & CFO (Age 57)
  • Mr. Mark F. Leposky, Exec. VP of Global Operations (Age 54)
  • Mr. Richard Harry Arnett, Exec. VP of Global Marketing & Callaway Brands (Age 48)
  • Dr. Alan Hocknell, Sr. VP of R&D (Age 47)

What is Callaway Golf's stock symbol?

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

Who are Callaway Golf's major shareholders?

Callaway Golf's stock is owned by many different institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.11%) and Carnegie Capital Asset Management LLC (0.04%). Company insiders that own Callaway Golf stock include Brian P Lynch, Glenn F Hickey, Mark F Leposky, Oliver G Brewer III, Richard H Arnett and Russell L Fleischer. View institutional ownership trends for Callaway Golf.

Which major investors are selling Callaway Golf stock?

ELY stock was sold by a variety of institutional investors in the last quarter, including Carnegie Capital Asset Management LLC. 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.

Which major investors are buying Callaway Golf stock?

ELY stock was bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. 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.

How do I buy shares of 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.

What is Callaway Golf's stock price today?

One share of ELY stock can currently be purchased for approximately $17.03.

How big of a company is Callaway Golf?

Callaway Golf has a market capitalization of $1.60 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.

What is Callaway Golf's official website?

The official website for Callaway Golf is www.callawaygolf.com.

How can I contact Callaway Golf?

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]

This page was last updated on 7/11/2020 by MarketBeat.com Staff

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