NYSE:ELYCallaway Golf Stock Price, Forecast & News

Callaway Golf's stock was trading at $12.46 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ELY stock has increased by 36.3% and is now trading at $16.98. View which stocks have been most impacted by Coronavirus.

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.

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

Callaway Golf Co (NYSE:ELY) issued its quarterly earnings data on Thursday, May, 7th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters' 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 net margin of 3.67% and a return on equity of 9.95%. The company's revenue for the quarter was down 14.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 EPS. View Callaway Golf's earnings history.

Callaway Golf declared 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 0.24%. 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 approved a stock buyback program on Thursday, August 8th 2019, which authorizes the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Callaway Golf issued an update on 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 estimate of $0.37. The company issued revenue guidance of $438-443 million, compared to the consensus revenue estimate of $463.07 million.

10 brokerages have issued 12-month price targets for Callaway Golf's stock. Their forecasts range from $16.00 to $26.00. On average, they anticipate Callaway Golf's share price to reach $20.60 in the next twelve months. This suggests a possible upside of 21.3% from the stock's current price. View analysts' price targets for Callaway Golf.

Press coverage about ELY stock has been trending somewhat positive this week, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public 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 0.8 on InfoTrie's scale. They also gave headlines about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news about Callaway Golf.

Some companies that are related to Callaway Golf include Hasbro (HAS), Polaris Industries (PII), Brunswick (BC), Mattel (MAT), Sturm Ruger & Company Inc (RGR), American Outdoor Brands (AOBC), Johnson Outdoors (JOUT), Marine Products (MPX) and JAKKS Pacific (JAKK). View all competitors.

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."

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 $16.98.

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.

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]