NYSE:ELY - Callaway Golf Stock Price, Forecast & News

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

Callaway Golf announced a quarterly dividend on Friday, November 22nd. Investors of record on Wednesday, December 4th will be given a dividend of $0.01 per share on Thursday, December 19th. This represents a $0.04 annualized dividend and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, December 3rd. View Callaway Golf's Dividend History.

Callaway Golf declared that its Board of Directors has approved a stock repurchase plan 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 purchase up to 5.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Callaway Golf Co (NYSE:ELY) released its quarterly earnings results on Wednesday, October, 30th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.13. The firm had revenue of $426 million for the quarter, compared to analyst estimates of $420.43 million. Callaway Golf had a net margin of 5.10% and a return on equity of 13.17%. The business's quarterly revenue was up 62.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 EPS. View Callaway Golf's Earnings History.

Callaway Golf is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for Callaway Golf.

Callaway Golf issued an update on its FY19 earnings guidance on Wednesday, October, 30th. The company provided EPS guidance of $1.06-1.12 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.08. The company issued revenue guidance of $1.685-1.700 billion, compared to the consensus revenue estimate of $1.70 billion.

7 brokerages have issued 1-year price objectives for Callaway Golf's shares. Their forecasts range from $19.00 to $30.00. On average, they anticipate Callaway Golf's share price to reach $23.21 in the next year. This suggests a possible upside of 6.3% from the stock's current price. View Analyst Price Targets for Callaway Golf.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Callaway Golf in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Callaway Golf.

Press coverage about ELY stock has trended negative recently, InfoTrie reports. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Callaway Golf earned a media sentiment score of -2.3 on InfoTrie's scale. They also assigned 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 effect on the company's share price in the next several days. View News Stories for Callaway Golf.

Some companies that are related to Callaway Golf include Hasbro (HAS), Polaris Industries (PII), Mattel (MAT), 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), UnitedHealth Group (UNH) and Marvell Technology Group (MRVL).

Callaway Golf's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Peregrine Capital Management LLC (1.37%), Copper Rock Capital Partners LLC (1.16%), State of Alaska Department of Revenue (0.08%), Louisiana State Employees Retirement System (0.03%), Janney Montgomery Scott LLC (0.02%) and We Are One Seven LLC (0.02%). Company insiders that own Callaway Golf stock include Alex Mitchell Boezeman, Anthony S Thornley, Brian P Lynch, Glenn F Hickey, Mark F Leposky, Neil Howie, 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 AE Wealth Management LLC, Copper Rock Capital Partners LLC, Louisiana State Employees Retirement System, State of Alaska Department of Revenue and We Are One Seven 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 for Callaway Golf.

ELY stock was bought by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, FNY Investment Advisers LLC, Advisors Preferred LLC and Janney Montgomery Scott LLC. 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 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 $21.84.

Callaway Golf has a market capitalization of $2.06 billion and generates $1.24 billion in revenue each year. The company earns $104.74 million in net income (profit) each year or $1.07 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]