Callaway Golf (ELY) Getting Somewhat Favorable Media Coverage, Study Shows

News headlines about Callaway Golf (NYSE:ELY) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Callaway Golf earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.5913118185331 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern’s rankings:

ELY has been the subject of several research analyst reports. Compass Point lowered shares of Callaway Golf from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $15.06 to $13.50 in a research note on Wednesday, December 27th. Raymond James Financial reaffirmed a “hold” rating on shares of Callaway Golf in a research note on Wednesday, December 27th. Zacks Investment Research raised shares of Callaway Golf from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Friday, January 5th. JPMorgan Chase & Co. initiated coverage on shares of Callaway Golf in a research note on Thursday, December 14th. They set an “overweight” rating and a $18.00 target price for the company. Finally, Forward View reaffirmed a “hold” rating on shares of Callaway Golf in a research note on Saturday, October 28th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $16.40.

Callaway Golf (NYSE:ELY) traded down $0.32 during midday trading on Friday, hitting $14.80. 1,825,124 shares of the stock traded hands, compared to its average volume of 966,895. Callaway Golf has a twelve month low of $9.99 and a twelve month high of $15.95. The stock has a market capitalization of $1,429.39, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15.

Callaway Golf (NYSE:ELY) last posted its quarterly earnings data on Wednesday, February 7th. The company reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. Callaway Golf had a net margin of 3.89% and a return on equity of 7.85%. The business had revenue of $192.00 million during the quarter, compared to analyst estimates of $184.74 million. During the same quarter last year, the firm posted ($0.09) earnings per share. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. sell-side analysts expect that Callaway Golf will post 0.67 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Wednesday, February 14th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Tuesday, February 13th. Callaway Golf’s payout ratio is 9.30%.

In other news, SVP Brian P. Lynch sold 25,911 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $14.84, for a total value of $384,519.24. Following the completion of the transaction, the senior vice president now owns 31,599 shares of the company’s stock, valued at $468,929.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Alex Mitchell Boezeman sold 16,738 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $15.31, for a total transaction of $256,258.78. Following the completion of the transaction, the insider now directly owns 120,873 shares of the company’s stock, valued at approximately $1,850,565.63. The disclosure for this sale can be found here. In the last three months, insiders sold 67,487 shares of company stock valued at $1,031,977. Insiders own 2.59% of the company’s stock.

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About Callaway Golf

Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges, and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of its trademarks and service marks and sales of pre-owned golf clubs.

Insider Buying and Selling by Quarter for Callaway Golf (NYSE:ELY)

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