Brokerages Anticipate Callaway Golf Company (ELY) to Announce -$0.18 Earnings Per Share
Equities analysts predict that Callaway Golf Company (NYSE:ELY) will post earnings of ($0.18) per share for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Callaway Golf’s earnings. The highest EPS estimate is ($0.14) and the lowest is ($0.20). Callaway Golf also posted earnings per share of ($0.18) during the same quarter last year. The business is scheduled to report its next earnings report on Thursday, February 1st.
On average, analysts expect that Callaway Golf will report full year earnings of $0.51 per share for the current year, with EPS estimates ranging from $0.50 to $0.55. For the next year, analysts expect that the business will report earnings of $0.59 per share, with EPS estimates ranging from $0.55 to $0.68. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Callaway Golf.
Callaway Golf (NYSE:ELY) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.09. The business had revenue of $243.60 million during the quarter, compared to analyst estimates of $209.52 million. Callaway Golf had a net margin of 17.97% and a return on equity of 7.88%. Callaway Golf’s revenue was up 29.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.06) EPS.
Callaway Golf (NYSE:ELY) traded up $0.15 on Friday, hitting $14.79. 1,317,800 shares of the stock were exchanged, compared to its average volume of 986,716. The stock has a market cap of $1,400.00, a price-to-earnings ratio of 27.71, a P/E/G ratio of 1.84 and a beta of 1.12. Callaway Golf has a 12-month low of $9.93 and a 12-month high of $15.63.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 22nd were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Tuesday, November 21st. Callaway Golf’s dividend payout ratio is currently 2.09%.
In other news, SVP Richard H. Arnett sold 8,070 shares of Callaway Golf stock in a transaction on Friday, November 10th. The shares were sold at an average price of $14.01, for a total transaction of $113,060.70. Following the completion of the sale, the senior vice president now directly owns 5,000 shares of the company’s stock, valued at approximately $70,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer L. Thomas sold 8,503 shares of Callaway Golf stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $14.95, for a total transaction of $127,119.85. Following the sale, the insider now directly owns 28,143 shares of the company’s stock, valued at $420,737.85. The disclosure for this sale can be found here. Insiders have sold a total of 29,850 shares of company stock valued at $437,772 over the last ninety days. 2.59% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Callaway Golf by 3.8% in the third quarter. Dimensional Fund Advisors LP now owns 6,633,502 shares of the company’s stock worth $95,720,000 after purchasing an additional 240,520 shares during the last quarter. Daruma Capital Management LLC bought a new stake in Callaway Golf in the second quarter worth $48,831,000. State Street Corp lifted its stake in Callaway Golf by 2.8% in the second quarter. State Street Corp now owns 2,215,678 shares of the company’s stock worth $28,317,000 after purchasing an additional 59,853 shares during the last quarter. Bernzott Capital Advisors lifted its stake in Callaway Golf by 5.9% in the second quarter. Bernzott Capital Advisors now owns 1,655,112 shares of the company’s stock worth $21,152,000 after purchasing an additional 91,975 shares during the last quarter. Finally, Thornburg Investment Management Inc. lifted its stake in Callaway Golf by 5.1% in the third quarter. Thornburg Investment Management Inc. now owns 1,396,845 shares of the company’s stock worth $20,156,000 after purchasing an additional 68,207 shares during the last quarter. 88.16% of the stock is owned by institutional investors.
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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 its trademarks and service marks and sales of pre-owned golf clubs.
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