Callaway Golf Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Callaway Golf in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Callaway Golf stock.
View analyst ratings for Callaway Golf or view top-rated stocks.

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Callaway Golf is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Callaway Golf.

Callaway Golf (NYSE:ELY) announced its quarterly earnings results on Sunday, May, 9th. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.12 by $0.50. The firm earned $651.60 million during the quarter, compared to the consensus estimate of $603.11 million. Callaway Golf had a net margin of 6.48% and a trailing twelve-month return on equity of 7.77%. The company's revenue for the quarter was up 47.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS.
View Callaway Golf's earnings history.

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 161.3% and is now trading at $32.56.
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Callaway Golf announced that its board has approved a stock buyback plan on Thursday, August 8th 2019, which permits the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 5.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

9 brokers have issued twelve-month target prices for Callaway Golf's stock. Their forecasts range from $23.00 to $41.00. On average, they expect Callaway Golf's share price to reach $34.11 in the next year. This suggests a possible upside of 4.8% from the stock's current price.
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69 employees have rated Callaway Golf CEO Chip Brewer on Glassdoor.com. Chip Brewer has an approval rating of 90% among Callaway Golf's employees.

Some companies that are related to Callaway Golf include Hasbro (HAS), Brunswick (BC), Polaris (PII), 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), Micron Technology (MU), Advanced Micro Devices (AMD), Cisco Systems (CSCO), The Walt Disney (DIS), PayPal (PYPL), Alibaba Group (BABA) and Bank of America (BAC).

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

Callaway Golf's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (1.77%), Carnegie Capital Asset Management LLC (0.18%), Alliancebernstein L.P. (0.14%), New York State Common Retirement Fund (0.08%), Rice Hall James & Associates LLC (0.06%) and Advisor Group Holdings Inc. (0.05%). Company insiders that own Callaway Golf stock include Brian P Lynch, Glenn F Hickey, Oliver G Brewer III and Richard H Arnett.
View institutional ownership trends for Callaway Golf.

ELY stock was sold by a variety of institutional investors in the last quarter, including Hodges Capital Management Inc., Fisher Asset Management LLC, Rice Hall James & Associates LLC, State of Alaska Department of Revenue, Oregon Public Employees Retirement Fund, Cutler Group LP, Advisors Asset Management Inc., and New York State Common Retirement Fund. Company insiders that have sold Callaway Golf company stock in the last year include Brian P Lynch, Glenn F Hickey, and Oliver G Brewer III.
View insider buying and selling activity for Callaway Golf or view top insider-selling stocks.

ELY stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Zweig DiMenna Associates LLC, State of Michigan Retirement System, New Mexico Educational Retirement Board, Texas Permanent School Fund, Advisor Group Holdings Inc., GWM Advisors LLC, and Compagnie Lombard Odier SCmA.
View insider buying and selling activity for Callaway Golf or or view top insider-buying stocks.

Shares of ELY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ELY stock can currently be purchased for approximately $32.56.

Callaway Golf has a market capitalization of $6.01 billion and generates $1.59 billion in revenue each year. The company earns $-126,930,000.00 in net income (profit) each year or $0.67 on an earnings per share basis.

Callaway Golf employs 4,200 workers across the globe.

The following companies are subsidiares of Callaway Golf: Jack Wolfskin.

Callaway Golf was founded in 1982.

The official website for Callaway Golf is www.callawaygolf.com.

Callaway Golf is headquartered at 2180 RUTHERFORD RD, CARLSBAD CA, 92008.

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]