Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Callaway Golf (ELY) Share Price

Press coverage about Callaway Golf (NYSE:ELY) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Callaway Golf earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.9020726096261 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:

Shares of Callaway Golf (NYSE ELY) opened at $15.49 on Thursday. The company has a market cap of $1,460.00, a price-to-earnings ratio of 36.88, a P/E/G ratio of 1.48 and a beta of 1.15. Callaway Golf has a 52-week low of $9.99 and a 52-week high of $15.95.

Callaway Golf (NYSE:ELY) last released its quarterly earnings results 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. The company had revenue of $192.00 million for the quarter, compared to analyst estimates of $184.74 million. Callaway Golf had a net margin of 3.89% and a return on equity of 7.85%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.09) earnings per share. research analysts forecast that Callaway Golf will post 0.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Wednesday, February 14th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Tuesday, February 13th. Callaway Golf’s payout ratio is 9.52%.

A number of research firms have recently weighed in on ELY. Zacks Investment Research lowered shares of Callaway Golf from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Roth Capital set a $17.00 price objective on shares of Callaway Golf and gave the stock a “buy” rating in a research note on Monday, February 5th. FBR & Co set a $16.00 price objective on shares of Callaway Golf and gave the stock a “buy” rating in a research note on Thursday, October 26th. Compass Point upgraded shares of Callaway Golf from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $13.50 to $14.59 in a research note on Wednesday, February 7th. Finally, KeyCorp increased their price objective on shares of Callaway Golf from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Callaway Golf has an average rating of “Buy” and a consensus target price of $16.40.

In other Callaway Golf news, insider Alex Mitchell Boezeman sold 16,738 shares of the stock in a transaction 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 transaction, the insider now directly owns 120,873 shares of the company’s stock, valued at $1,850,565.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Brian P. Lynch sold 25,911 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $14.84, for a total transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,487 shares of company stock worth $1,183,377. Insiders own 2.59% of the company’s stock.

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Callaway Golf Company Profile

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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