NYSE:ELYCallaway Golf Stock Price, Forecast & 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. Since then, ELY stock has increased by 36.8% and is now trading at $17.05. 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) announced its quarterly earnings data on Thursday, May, 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.30 by $0.02. The firm 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%. Callaway Golf's quarterly revenue was down 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 earnings per share. 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 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Tuesday, May 26th. View Callaway Golf's dividend history.

Callaway Golf announced that its Board of Directors has authorized a share buyback plan on Thursday, August 8th 2019, which authorizes the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 5.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

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

10 Wall Street analysts have issued 1 year price targets for Callaway Golf's stock. Their forecasts range from $16.00 to $26.00. On average, they expect Callaway Golf's share price to reach $20.60 in the next year. This suggests a possible upside of 20.8% from the stock's current price. View analysts' price targets for Callaway Golf.

News headlines about ELY stock have been trending extremely negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Callaway Golf earned a media sentiment score of -4.3 on InfoTrie's scale. They also gave headlines about the company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the stock's share price in the near term. View the latest news about Callaway Golf.

Callaway Golf saw a increase in short interest in 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 short-interest ratio is currently 7.6 days. Approximately 18.4% of the company's stock are sold short. View Callaway Golf's Current Options Chain.

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."

Callaway Golf's stock is owned by a number of retail and institutional investors. Top institutional investors 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.

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.

ELY stock was purchased 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.

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 $17.05.

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]