Brokerages expect Callaway Golf Co (NYSE:ELY) to report earnings per share (EPS) of ($0.11) for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Callaway Golf’s earnings. The lowest EPS estimate is ($0.42) and the highest is $0.13. Callaway Golf reported earnings of $0.37 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 129.7%. The firm is expected to announce its next earnings results on Thursday, August 13th.
On average, analysts expect that Callaway Golf will report full year earnings of $0.41 per share for the current financial year, with EPS estimates ranging from ($0.20) to $1.15. For the next fiscal year, analysts forecast that the firm will report earnings of $0.81 per share, with EPS estimates ranging from $0.60 to $1.05. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Callaway Golf.
Callaway Golf (NYSE:ELY) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Callaway Golf had a return on equity of 9.95% and a net margin of 3.67%. The firm had revenue of $442.28 million for the quarter, compared to the consensus estimate of $440.70 million. During the same quarter last year, the business posted $0.63 EPS. The company’s revenue for the quarter was down 14.3% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently made changes to their positions in ELY. TRUE Private Wealth Advisors bought a new stake in shares of Callaway Golf during the first quarter worth approximately $28,000. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Callaway Golf during the fourth quarter worth approximately $29,000. Islay Capital Management LLC bought a new stake in shares of Callaway Golf during the fourth quarter worth approximately $34,000. Mutual of America Capital Management LLC boosted its holdings in shares of Callaway Golf by 22.5% during the first quarter. Mutual of America Capital Management LLC now owns 4,133 shares of the company’s stock worth $42,000 after acquiring an additional 760 shares during the period. Finally, Atwood & Palmer Inc. bought a new stake in shares of Callaway Golf during the first quarter worth approximately $51,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ELY traded up $0.36 during midday trading on Friday, hitting $14.94. The stock had a trading volume of 1,254,936 shares, compared to its average volume of 2,864,156. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.44 and a quick ratio of 0.80. The company has a 50 day simple moving average of $11.91 and a two-hundred day simple moving average of $17.05. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 24.49 and a beta of 1.97. Callaway Golf has a twelve month low of $4.75 and a twelve month high of $22.33.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Tuesday, May 26th. Callaway Golf’s dividend payout ratio (DPR) is presently 3.64%.
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. The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other. The Golf Clubs segment provides golf drivers and fairway woods, hybrids, irons and wedges, putters, packaged sets, and pre-owned golf clubs.
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