Somewhat Positive Media Coverage Somewhat Unlikely to Affect Callaway Golf (ELY) Stock Price

Press coverage about Callaway Golf (NYSE:ELY) has trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Callaway Golf earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.8416632121867 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

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

ETFs with exposure to Callaway Golf Co. : August 18, 2017 (finance.yahoo.com)
Callaway Golf (ELY) vs. Acushnet Holdings Corp. (GOLF) Head to Head Contrast (americanbankingnews.com)
Choosing Between Callaway Golf Company (ELY) and Vista Outdoor Inc. (VSTO) – StockNewsGazette (stocknewsgazette.com)
Callaway Golf Company (ELY) Ex-Dividend Date Scheduled for August 18, 2017 – Nasdaq (nasdaq.com)
Going Through the Chart for Callaway Golf Company (ELY) – Economic News (economicsandmoney.com)

Several analysts have recently issued reports on ELY shares. Jefferies Group LLC set a $17.00 price objective on shares of Callaway Golf and gave the company a “buy” rating in a research note on Tuesday, June 6th. FBR & Co set a $14.00 price objective on shares of Callaway Golf and gave the company a “buy” rating in a research note on Saturday, May 6th. BidaskClub raised shares of Callaway Golf from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research raised shares of Callaway Golf from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Monday, August 7th. Finally, Forward View cut shares of Callaway Golf to a “hold” rating and set a $14.00 price objective for the company. in a research note on Saturday, August 5th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $14.90.

Callaway Golf (NYSE ELY) remained flat at $12.98 during trading on Friday. 835,875 shares of the company’s stock traded hands. Callaway Golf has a one year low of $9.77 and a one year high of $13.70. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 7.18 and a beta of 1.20. The firm’s 50 day moving average is $12.75 and its 200 day moving average is $11.92.

Callaway Golf (NYSE:ELY) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.05. Callaway Golf had a net margin of 18.09% and a return on equity of 6.60%. The company had revenue of $304.50 million for the quarter, compared to analyst estimates of $295.70 million. During the same quarter in the prior year, the business posted $0.36 EPS. Callaway Golf’s quarterly revenue was up 24.0% on a year-over-year basis. On average, equities analysts predict that Callaway Golf will post $0.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. Callaway Golf’s dividend payout ratio (DPR) is 2.20%.

In other news, insider Oliver G. Brewer III sold 131,884 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $13.31, for a total transaction of $1,755,376.04. Following the transaction, the insider now owns 291,399 shares in the company, valued at approximately $3,878,520.69. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Alan Hocknell sold 57,138 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $13.30, for a total transaction of $759,935.40. Following the transaction, the senior vice president now owns 115,045 shares in the company, valued at approximately $1,530,098.50. The disclosure for this sale can be found here. Corporate 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.