Callaway Golf Co. (NYSE:ELY) – Equities researchers at FBR & Co issued their Q1 2017 earnings estimates for Callaway Golf in a research report issued on Wednesday. FBR & Co analyst S. Anderson expects that the firm will earn $0.30 per share for the quarter. FBR & Co has a “Outperform” rating and a $12.00 price target on the stock. FBR & Co also issued estimates for Callaway Golf’s Q2 2017 earnings at $0.19 EPS, Q3 2017 earnings at $0.01 EPS, Q4 2017 earnings at ($0.15) EPS, FY2017 earnings at $0.34 EPS and FY2018 earnings at $0.39 EPS.

ELY has been the topic of several other reports. TheStreet raised Callaway Golf from a “hold” rating to a “buy” rating in a report on Wednesday, July 27th. Jefferies Group reaffirmed a “buy” rating and issued a $14.00 target price on shares of Callaway Golf in a report on Thursday, July 28th. Forward View reaffirmed a “buy” rating on shares of Callaway Golf in a report on Sunday, July 24th. Roth Capital reaffirmed a “buy” rating and issued a $11.00 target price on shares of Callaway Golf in a report on Thursday, June 30th. Finally, DA Davidson set a $14.00 target price on Callaway Golf and gave the stock a “buy” rating in a report on Monday, August 29th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $13.29.

Earnings History and Estimates for Callaway Golf (NYSE:ELY)

Callaway Golf (NYSE:ELY) traded down 1.70% on Thursday, reaching $11.01. The company’s stock had a trading volume of 574,562 shares. The firm has a 50-day moving average of $11.46 and a 200-day moving average of $10.40. Callaway Golf has a one year low of $8.00 and a one year high of $11.90. The company has a market capitalization of $1.04 billion, a PE ratio of 27.87 and a beta of 1.30.

Callaway Golf (NYSE:ELY) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The business earned $245.60 million during the quarter, compared to analyst estimates of $242.49 million. Callaway Golf had a return on equity of 8.69% and a net margin of 4.53%. Callaway Golf’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 EPS.

Several hedge funds have recently made changes to their positions in the stock. Silver Capital Management LLC purchased a new stake in shares of Callaway Golf during the second quarter worth about $102,000. Amalgamated Bank purchased a new stake in shares of Callaway Golf during the second quarter worth about $129,000. Airain ltd purchased a new stake in shares of Callaway Golf during the second quarter worth about $119,000. PineBridge Investments L.P. raised its stake in shares of Callaway Golf by 4.0% in the second quarter. PineBridge Investments L.P. now owns 11,914 shares of the company’s stock worth $121,000 after buying an additional 457 shares during the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Callaway Golf during the first quarter worth about $112,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.36%. Callaway Golf’s payout ratio is 10.26%.

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 the Company’s trademarks and service marks and sales of pre-owned golf clubs.

5 Day Chart for NYSE:ELY

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