Callaway Golf Co. (ELY) Plans Quarterly Dividend of $0.01
Callaway Golf (NYSE:ELY) announced a quarterly dividend on Wednesday, October 23rd, StockRatingsNetwork reports. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.01 per share on Monday, December 16th. This represents a $0.04 annualized dividend and a dividend yield of 0.55%.
A number of analysts have recently weighed in on ELY shares. Analysts at TheStreet upgraded shares of Callaway Golf from a “sell” rating to a “hold” rating in a research note to investors on Wednesday, August 14th. Analysts at Imperial Capital raised their price target on shares of Callaway Golf from $8.00 to $8.50 in a research note to investors on Monday, July 29th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Callaway Golf currently has a consensus rating of “Hold” and a consensus target price of $7.50.
Callaway Golf (NYSE:ELY) traded down 0.95% during mid-day trading on Wednesday, hitting $7.33. 525,836 shares of the company’s stock traded hands. Callaway Golf has a 52-week low of $5.37 and a 52-week high of $7.58. The stock has a 50-day moving average of $7.11 and a 200-day moving average of $6.79. The company’s market cap is $521.4 million.
Callaway Golf (NYSE:ELY) last released its earnings data on Thursday, July 25th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $250.00 million for the quarter, compared to the consensus estimate of $253.20 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was down 11.0% on a year-over-year basis. On average, analysts predict that Callaway Golf will post $-0.07 earnings per share for the current fiscal year.
Manufactures a line of specialty golf clubs and other golf related equipment. Primary products include oversized Big Bertha metal woods, conventional-sized S2H2 metal woods, S2H2 irons and Callaway Hickory Stick wedges and putters.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.