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:
- Anthony S. Thornley Sells 10,000 Shares of Callaway Golf Co (ELY) Stock (americanbankingnews.com)
- Callaway Golf Co (ELY) Expected to Earn Q4 2018 Earnings of ($0.20) Per Share (americanbankingnews.com)
- Callaway Golf Co to Post Q3 2018 Earnings of $0.03 Per Share, SunTrust Banks Forecasts (ELY) (americanbankingnews.com)
- Q2 2018 EPS Estimates for Callaway Golf Co Decreased by Analyst (ELY) (americanbankingnews.com)
- Q1 2018 Earnings Forecast for Callaway Golf Co (ELY) Issued By Jefferies Group (americanbankingnews.com)
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.
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.
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