Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Callaway Golf (NYSE:ELY) Stock Price

Media coverage about Callaway Golf (NYSE:ELY) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Callaway Golf earned a news impact score of 0.16 on Accern’s scale. Accern also gave media headlines 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 stock’s share price in the next few days.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

Shares of ELY stock traded up $0.10 during mid-day trading on Thursday, hitting $16.36. The company had a trading volume of 999,336 shares, compared to its average volume of 931,503. Callaway Golf has a 52-week low of $10.93 and a 52-week high of $16.67. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 1.48. The company has a market capitalization of $1,550.06, a PE ratio of 38.05, a price-to-earnings-growth ratio of 1.56 and a beta of 1.06.

Callaway Golf (NYSE:ELY) last released its quarterly earnings results on Wednesday, February 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $192.00 million for the quarter, compared to the consensus estimate of $184.74 million. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. Callaway Golf’s revenue was up 17.1% on a year-over-year basis. research analysts predict that Callaway Golf will post 0.7 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 7th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Tuesday, February 13th. Callaway Golf’s dividend payout ratio (DPR) is 9.30%.

A number of equities research analysts have issued reports on the stock. Compass Point raised shares of Callaway Golf from a “sell” rating to a “neutral” rating and raised their price target for the stock from $13.50 to $14.59 in a report on Wednesday, February 7th. Zacks Investment Research raised shares of Callaway Golf from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Tuesday, March 13th. Roth Capital set a $17.00 target price on shares of Callaway Golf and gave the stock a “buy” rating in a research report on Monday, February 5th. Jefferies Group reissued a “buy” rating and set a $21.00 price target on shares of Callaway Golf in a research report on Thursday, February 8th. Finally, Cowen raised shares of Callaway Golf from a “sell” rating to a “neutral” rating and set a $14.00 price target for the company in a research report on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $16.66.

In other news, SVP Brian P. Lynch sold 25,911 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $14.84, for a total value of $384,519.24. Following the transaction, the senior vice president now directly owns 31,599 shares in the company, valued at $468,929.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Richard H. Arnett sold 8,193 shares of the stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $16.00, for a total transaction of $131,088.00. Following the transaction, the senior vice president now owns 20,241 shares in the company, valued at $323,856. The disclosure for this sale can be found here. Insiders have sold 204,447 shares of company stock worth $3,223,108 in the last quarter. Company insiders own 2.59% of the company’s stock.

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About Callaway Golf

Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs, golf balls, golf bags, and other golf-related accessories in the United States and internationally. The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other.

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

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