NYSE:ELY - Callaway 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 (WHO). Since then, ELY shares have decreased by 19.1% and is now trading at $10.08. View which stocks have been mosted impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Callaway Golf in the last year. There are currently 8 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, May 14th 2020. View our earnings forecast for Callaway Golf.

Callaway Golf Co (NYSE:ELY) announced its earnings results on Monday, February, 10th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.23) by $0.03. The company had revenue of $312 million for the quarter, compared to analyst estimates of $305.49 million. Callaway Golf had a net margin of 4.67% and a return on equity of 13.82%. The company's revenue for the quarter was up 72.7% compared to the same quarter last year. During the same period last year, the business earned ($0.32) EPS. View Callaway Golf's earnings history.

Callaway Golf declared a quarterly dividend on Monday, February 3rd. Shareholders of record on Thursday, February 13th will be given a dividend of $0.01 per share on Thursday, March 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date is Wednesday, February 12th. View Callaway Golf's dividend history.

Callaway Golf declared that its Board of Directors has authorized 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 stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Callaway Golf updated its FY20 earnings guidance on Monday, February, 10th. The company provided earnings per share guidance of $0.82-0.94 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.21. The company issued revenue guidance of $1.75-1.78 billion, compared to the consensus revenue estimate of $1.78 billion.

8 Wall Street analysts have issued 1 year price objectives for Callaway Golf's stock. Their forecasts range from $10.00 to $26.00. On average, they expect Callaway Golf's stock price to reach $20.94 in the next twelve months. This suggests a possible upside of 107.7% from the stock's current price. View analysts' price targets for Callaway Golf.

News headlines about ELY stock have been trending somewhat negative this week, according to InfoTrie Sentiment. The research group rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Callaway Golf earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutCallaway Golf.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Callaway Golf investors own include AbbVie (ABBV), Chevron (CVX), NVIDIA (NVDA), Home Depot (HD), Cisco Systems (CSCO), Paypal (PYPL), Walt Disney (DIS), Advanced Micro Devices (AMD), Marvell Technology Group (MRVL) and Alibaba Group (BABA).

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 $10.08.

Callaway Golf has a market capitalization of $949.74 million 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. View additional information about Callaway Golf.

The official website for Callaway Golf is http://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]