Callaway Golf (NYSE:ELY) is set to announce its earnings results after the market closes on Wednesday, October 24th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Callaway Golf has set its Q3 guidance at ($0.03)-$0.01 EPS and its FY18 guidance at $0.95-1.00 EPS.
Callaway Golf (NYSE:ELY) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.16. Callaway Golf had a return on equity of 16.39% and a net margin of 8.70%. The company had revenue of $396.31 million during the quarter, compared to analyst estimates of $371.30 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. On average, analysts expect Callaway Golf to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of ELY stock opened at $23.13 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.84 and a debt-to-equity ratio of 0.01. Callaway Golf has a 1 year low of $13.49 and a 1 year high of $24.67. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 43.64, a price-to-earnings-growth ratio of 0.92 and a beta of 1.04.
A number of research analysts have issued reports on ELY shares. KeyCorp boosted their price target on Callaway Golf from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, August 3rd. Roth Capital boosted their price target on Callaway Golf from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. SunTrust Banks reiterated a “buy” rating and set a $24.00 price target on shares of Callaway Golf in a research report on Friday, August 3rd. Cowen set a $21.00 price target on Callaway Golf and gave the stock a “hold” rating in a research report on Sunday, August 5th. Finally, Compass Point set a $20.00 price target on Callaway Golf and gave the stock a “hold” rating in a research report on Monday, August 6th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Callaway Golf has an average rating of “Buy” and an average target price of $22.00.
In other news, VP Mark F. Leposky sold 21,767 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $21.74, for a total value of $473,214.58. Following the completion of the sale, the vice president now owns 140,499 shares in the company, valued at $3,054,448.26. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.98% of the company’s stock.
About Callaway Golf
Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs, golf balls, golf bags, and other golf-related accessories in the United States and internationally. The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other.
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