Callaway Golf (NYSE:ELY) posted its earnings results on Wednesday. The company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.02, Briefing.com reports. The business had revenue of $192.00 million for the quarter, compared to analyst estimates of $184.74 million. Callaway Golf had a net margin of 17.97% and a return on equity of 7.88%. The business’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.09) EPS. Callaway Golf updated its Q1 guidance to $0.48-$0.52 EPS and its FY18 guidance to $0.64-$0.70 EPS.
Callaway Golf (ELY) traded up $0.75 on Thursday, hitting $15.52. 667,807 shares of the stock traded hands, compared to its average volume of 894,237. The company has a market cap of $1,379.29, a P/E ratio of 7.73, a P/E/G ratio of 1.58 and a beta of 1.15. Callaway Golf has a one year low of $9.99 and a one year high of $15.95.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Wednesday, February 14th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Tuesday, February 13th. Callaway Golf’s dividend payout ratio (DPR) is 2.09%.
In other news, SVP Richard H. Arnett sold 8,070 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $14.01, for a total value of $113,060.70. Following the completion of the sale, the senior vice president now 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 available through the SEC website. Also, insider Alex Mitchell Boezeman sold 16,738 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $15.31, for a total transaction of $256,258.78. Following the completion of the sale, the insider now directly owns 120,873 shares of the company’s stock, valued at approximately $1,850,565.63. The disclosure for this sale can be found here. 2.59% of the stock is currently owned by insiders.
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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