Callaway Golf (ELY) Scheduled to Post Earnings on Thursday
Callaway Golf (NYSE:ELY) is scheduled to post its Q313 quarterly earnings results on Thursday, October 24th. Analysts expect Callaway Golf to post earnings of ($0.28) per share and revenue of $152.63 million for the quarter. Callaway Golf has set its FY13 guidance at ($0.12)-(0.04) EPS.
Callaway Golf (NYSE:ELY) last announced its earnings results 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 expect Callaway Golf to post $-0.07 EPS for the current fiscal year and $0.16 EPS for the next fiscal year.
Callaway Golf (NYSE:ELY) traded down 0.47% during mid-day trading on Wednesday, hitting $7.365. The stock had a trading volume of 150,286 shares. Callaway Golf has a 52 week low of $5.37 and a 52 week high of $7.58. The stock’s 50-day moving average is $7.11 and its 200-day moving average is $6.79. The company’s market cap is $523.9 million.
Several analysts have recently commented on the stock. 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.50.
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.
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