NYSE:ELYCallaway Golf Stock Price, Forecast & News

$16.71

+0.50 (+3.08 %)

(As of 06/4/2020 04:00 PM ET)

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Today's Range

$15.91

Now: $16.71▼

$16.90

50-Day Range

$9.98

MA: $13.13▼

$16.21

52-Week Range

$4.75

Now: $16.71▼

$22.33

Volume1.66 million shs

Average Volume1.62 million shs

Market Capitalization$1.57 billion

P/E Ratio27.39

Dividend Yield0.25%

Beta1.96

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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Callaway Golf has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 10 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $19.90, Callaway Golf has a potential upside of 19.1% from its current price of $16.71.
Amount of Analyst Coverage
Callaway Golf has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Callaway Golf has received 557 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Callaway Golf has received 523 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Callaway Golf has received 51.57% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Callaway Golf and other stocks. Vote “Outperform” if you believe ELY will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ELY will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Callaway Golf is a leading dividend payer. It pays a dividend yield of 0.25%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Callaway Golf does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Callaway Golf is 3.64 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Callaway Golf will have a dividend payout ratio of 4.94 % next year. This indicates that Callaway Golf will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Callaway Golf insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.19% of the stock of Callaway Golf is held by insiders.
Percentage Held by Institutions
95.78% of the stock of Callaway Golf is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Callaway Golf are expected to grow by 153.13% in the coming year, from $0.32 to $0.81 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Callaway Golf is 27.39, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Callaway Golf is 27.39, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 28.59.
Price to Book Value per Share Ratio
Callaway Golf has a P/B Ratio of 2.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.59 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Sporting & athletic goods, not elsewhere classified

Sub-IndustryLeisure Products

SectorConsumer Discretionary

Current SymbolNYSE:ELY

Previous Symbol

CUSIP13119310

CIK837465

Webwww.callawaygolf.com

Phone760-931-1771

Debt

Debt-to-Equity Ratio0.83

Current Ratio1.44

Quick Ratio0.80

Price-To-Earnings

Trailing P/E Ratio27.39

Forward P/E Ratio52.22

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.70 billion

Price / Sales0.92

Cash Flow$2.12 per share

Price / Cash Flow7.88

Book Value$8.15 per share

Price / Book2.05

Profitability

EPS (Most Recent Fiscal Year)$1.10

Net Income$79.41 million

Net Margins3.67%

Return on Equity9.95%

Return on Assets3.87%

Miscellaneous

Employees2,400

Outstanding Shares94,108,000

Market Cap$1.57 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 (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ELY stock has increased by 34.1% and is now trading at $16.71. 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) released its earnings results on Thursday, May, 7th. The company reported $0.32 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.30 by $0.02. The business had revenue of $442.28 million for the quarter, compared to analysts' expectations 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 previous year, the company 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 declared a quarterly dividend on Tuesday, May 12th. Investors 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 dividend yield of 0.24%. 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 has authorized a share buyback plan on Thursday, August 8th 2019, which allows the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 5.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board 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 EPS 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 equities research analysts have issued 1 year price targets for Callaway Golf's shares. Their forecasts range from $14.50 to $26.00. On average, they expect Callaway Golf's share price to reach $19.90 in the next year. This suggests a possible upside of 19.1% from the stock's current price. View analysts' price targets for Callaway Golf.

Has Callaway Golf been receiving favorable news coverage?

Headlines about ELY stock have been trending negative recently, InfoTrie reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Callaway Golf earned a coverage optimism score of -2.7 on InfoTrie's scale. They also gave news 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 company's share price in the near future. View the latest news aboutCallaway Golf.

Who are some of Callaway Golf's key competitors?

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), American Outdoor Brands (AOBC), Marine Products (MPX) and JAKKS Pacific (JAKK). View all 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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.72%), Jana Partners LLC (6.90%), Alliancebernstein L.P. (5.62%), TimesSquare Capital Management LLC (3.56%), State Street Corp (3.01%) and Franklin Resources Inc. (1.78%). 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 institutional investors are selling Callaway Golf stock?

ELY stock was sold by a variety of institutional investors in the last quarter, including Jana Partners LLC, Rice Hall James & Associates LLC, Rice Hall James & Associates LLC, Loomis Sayles & Co. L P, BlackRock Inc., Nicholas Investment Partners LP, Deutsche Bank AG, and Morgan Stanley. 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 institutional investors are buying Callaway Golf stock?

ELY stock was acquired by a variety of institutional investors in the last quarter, including Franklin Resources Inc., TimesSquare Capital Management LLC, Ziegler Capital Management LLC, Alliancebernstein L.P., Penn Capital Management Co. Inc., State Street Corp, Squarepoint Ops LLC, and Bernzott Capital Advisors. 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 $16.71.

How big of a company is Callaway Golf?

Callaway Golf has a market capitalization of $1.57 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 6/5/2020 by MarketBeat.com Staff