Callaway Golf Stock Forecast, Price & News

Callaway Golf's stock was trading at $12.46 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ELY shares have increased by 46.2% and is now trading at $18.22.
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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 1 hold rating and 9 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 Wednesday, November 4th 2020.
View our earnings forecast for Callaway Golf.

Callaway Golf Co (NYSE:ELY) released its quarterly earnings data on Thursday, August, 6th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.12. The company earned $297 million during the quarter, compared to analysts' expectations of $286.35 million. Callaway Golf had a negative net margin of 9.27% and a positive return on equity of 6.33%. The business's quarterly revenue was down 33.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.37 EPS.
View Callaway Golf's earnings history.

Callaway Golf announced a quarterly dividend on Tuesday, May 12th. Stockholders 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 0.22%. The ex-dividend date of this dividend is Tuesday, May 26th.
View Callaway Golf's dividend history.

Callaway Golf announced that its board has initiated a stock repurchase plan on Thursday, August 8th 2019, which permits the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 5.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

10 analysts have issued 12-month price targets for Callaway Golf's shares. Their forecasts range from $17.00 to $26.00. On average, they expect Callaway Golf's stock price to reach $21.20 in the next twelve months. This suggests a possible upside of 16.4% from the stock's current price.
View analysts' price targets for 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), 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), Advanced Micro Devices (AMD), Micron Technology (MU), Cisco Systems (CSCO), Walt Disney (DIS), Alibaba Group (BABA), Marvell Technology Group (MRVL) and Paypal (PYPL).

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

Callaway Golf's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.40%), Cadian Capital Management LP (3.16%), TimesSquare Capital Management LLC (3.11%), Goldman Sachs Group Inc. (2.81%), Fisher Asset Management LLC (2.49%) and Bank of America Corp DE (2.41%). 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 Point72 Asset Management L.P., TimesSquare Capital Management LLC, Glenmede Trust Co. NA, Platinum Investment Management Ltd., Goldman Sachs Group Inc., Empirical Capital Management LLC, UBS Group AG, and PDT Partners LLC.
View insider buying and selling activity for Callaway Golf.

ELY stock was acquired by a variety of institutional investors in the last quarter, including Cadian Capital Management LP, Fisher Asset Management LLC, Bank of America Corp DE, Nordea Investment Management AB, Portolan Capital Management LLC, Brookfield Asset Management Inc., Nicholas Investment Partners LP, and Hodges Capital 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.

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 $18.22.

Callaway Golf has a market capitalization of $1.72 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]