Callaway Golf Co. (NYSE:ELY) announced a quarterly dividend on Wednesday, November 16th. Investors of record on Wednesday, November 30th will be paid a dividend of 0.01 per share on Wednesday, December 21st. This represents a $0.04 dividend on an annualized basis and a yield of 0.33%.

Shares of Callaway Golf (NYSE:ELY) opened at 12.09 on Thursday. Callaway Golf has a 12 month low of $8.00 and a 12 month high of $12.22. The company’s 50-day moving average price is $11.05 and its 200-day moving average price is $10.71. The company has a market cap of $1.14 billion, a P/E ratio of 36.53 and a beta of 1.39.

Callaway Golf (NYSE:ELY) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.06. Callaway Golf had a return on equity of 7.84% and a net margin of 4.20%. The firm had revenue of $188 million for the quarter, compared to the consensus estimate of $177.39 million. During the same quarter last year, the business posted ($0.04) earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities analysts forecast that Callaway Golf will post $0.51 EPS for the current fiscal year.

Dividend History for Callaway Golf (NYSE:ELY)

A number of research firms have commented on ELY. Compass Point downgraded Callaway Golf from a “buy” rating to a “neutral” rating in a research report on Monday. They noted that the move was a valuation call. Zacks Investment Research upgraded Callaway Golf from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Wednesday, November 9th. TheStreet downgraded Callaway Golf from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. Jefferies Group lifted their target price on Callaway Golf from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 4th. Finally, FBR & Co restated an “outperform” rating and issued a $12.00 target price on shares of Callaway Golf in a research report on Friday, November 4th. Two equities research 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. Callaway Golf has an average rating of “Buy” and a consensus target price of $13.39.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Callaway Golf by 6.8% in the second quarter. Vanguard Group Inc. now owns 4,131,644 shares of the company’s stock valued at $42,184,000 after buying an additional 262,242 shares during the last quarter. BlackRock Advisors LLC boosted its position in Callaway Golf by 18.1% in the second quarter. BlackRock Advisors LLC now owns 43,462 shares of the company’s stock valued at $444,000 after buying an additional 6,665 shares in the last quarter. BlackRock Investment Management LLC boosted its position in Callaway Golf by 24.9% in the second quarter. BlackRock Investment Management LLC now owns 413,997 shares of the company’s stock valued at $4,227,000 after buying an additional 82,497 shares in the last quarter. BlackRock Inc. boosted its position in Callaway Golf by 267.5% in the second quarter. BlackRock Inc. now owns 20,831 shares of the company’s stock valued at $212,000 after buying an additional 15,163 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in Callaway Golf by 10.6% in the second quarter. BlackRock Fund Advisors now owns 5,985,299 shares of the company’s stock valued at $61,110,000 after buying an additional 574,968 shares in the last quarter. 85.26% of the stock is owned by hedge funds and other institutional investors.

About Callaway Golf

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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