Media stories about Callaway Golf (NYSE:ELY) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Callaway Golf earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.9202686372374 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Callaway Golf (ELY) Upgraded to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Callaway Golf To Present At The 30th Annual Roth Conference In Orange County, California – PR Newswire (press release) (prnewswire.com)
- Here’s What Short-Term Traders Should Know – Callaway Golf Company (NYSE: ELY) – Alpha Beta Stock (alphabetastock.com)
- Technical data from the actions of people on Callaway Golf Company (ELY) – Wall Street Morning (wallstreetmorning.com)
- What is Recommendation from Analysts on Callaway Golf Company (ELY)? – ExpertGazette (expertgazette.com)
Callaway Golf (NYSE:ELY) traded down $0.07 during trading on Wednesday, reaching $15.85. The company’s stock had a trading volume of 226,475 shares, compared to its average volume of 923,307. The company has a current ratio of 1.48, a quick ratio of 0.65 and a debt-to-equity ratio of 0.02. Callaway Golf has a 1-year low of $10.80 and a 1-year high of $16.24. The stock has a market cap of $1,513.16, a price-to-earnings ratio of 37.02, a PEG ratio of 1.53 and a beta of 1.06.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 7th. Shareholders of record on Wednesday, February 14th were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.04 dividend on an annualized basis and a yield of 0.25%. Callaway Golf’s payout ratio is currently 9.30%.
ELY has been the topic of a number of research reports. Compass Point downgraded shares of Callaway Golf from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $15.06 to $13.50 in a report on Wednesday, December 27th. Raymond James Financial reiterated a “hold” rating on shares of Callaway Golf in a research report on Wednesday, December 27th. DA Davidson set a $18.00 price target on shares of Callaway Golf and gave the stock a “buy” rating in a research report on Wednesday, December 27th. Cowen upgraded shares of Callaway Golf from a “sell” rating to a “neutral” rating and set a $14.00 price target on the stock in a research report on Wednesday, February 7th. Finally, TheStreet upgraded shares of Callaway Golf from a “c+” rating to a “b” rating in a research report on Wednesday, February 14th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $16.61.
In other Callaway Golf news, Director Anthony S. Thornley sold 10,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $15.14, for a total value of $151,400.00. Following the completion of the sale, the director now directly owns 35,034 shares of the company’s stock, valued at approximately $530,414.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brian P. Lynch sold 25,911 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $14.84, for a total value of $384,519.24. Following the sale, the senior vice president now directly owns 31,599 shares of the company’s stock, valued at $468,929.16. The disclosure for this sale can be found here. Insiders sold a total of 194,504 shares of company stock worth $3,039,131 in the last 90 days. 2.59% of the stock is currently owned by insiders.
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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.
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