Callaway Golf (NYSE:ELY) Receives News Sentiment Score of 0.13

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 0.13 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.3647172051087 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 headlines that may have effected Accern Sentiment’s scoring:

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NYSE:ELY traded up $0.29 during trading hours on Tuesday, hitting $16.47. 821,250 shares of the stock traded hands, compared to its average volume of 928,634. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.48 and a quick ratio of 0.65. Callaway Golf has a 1 year low of $10.93 and a 1 year high of $16.67. The company has a market capitalization of $1,548.17, a P/E ratio of 31.08, a P/E/G ratio of 1.56 and a beta of 1.03.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Wednesday, February 14th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Tuesday, February 13th. Callaway Golf’s dividend payout ratio (DPR) is presently 7.55%.

A number of analysts have recently commented on ELY shares. TheStreet upgraded shares of Callaway Golf from a “c+” rating to a “b” rating in a research note on Wednesday, February 14th. Roth Capital set a $17.00 target price on shares of Callaway Golf and gave the company a “buy” rating in a research report on Monday, February 5th. Jefferies Group restated a “buy” rating and set a $21.00 target price on shares of Callaway Golf in a research report on Thursday, February 8th. DA Davidson set a $18.00 target price on shares of Callaway Golf and gave the company a “buy” rating in a research report on Wednesday, December 27th. Finally, Zacks Investment Research upgraded 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 report on Friday, January 5th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Callaway Golf has a consensus rating of “Buy” and a consensus target price of $16.66.

In related news, insider Neil Howie sold 24,838 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $15.75, for a total transaction of $391,198.50. Following the sale, the insider now owns 95,803 shares of the company’s stock, valued at $1,508,897.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Brian P. Lynch sold 26,681 shares of the company’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $16.50, for a total transaction of $440,236.50. Following the sale, the senior vice president now directly owns 23,422 shares in the company, valued at approximately $386,463. The disclosure for this sale can be found here. Insiders sold 204,447 shares of company stock worth $3,223,108 in the last three months. Insiders own 1.98% of the company’s stock.

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Callaway Golf Company Profile

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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