Media stories about Callaway Golf (NYSE:ELY) have been trending somewhat positive on Wednesday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Callaway Golf earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.8572304538253 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Several analysts recently weighed in on ELY shares. Zacks Investment Research cut Callaway Golf from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 25th. Jefferies Group LLC set a $18.00 price target on Callaway Golf and gave the stock a “buy” rating in a report on Friday, August 4th. Forward View cut Callaway Golf to a “hold” rating and set a $14.00 price target for the company. in a report on Saturday, August 5th. Compass Point cut Callaway Golf from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $13.60 to $13.75 in a report on Monday, August 7th. Finally, Imperial Capital reissued an “outperform” rating and set a $16.00 price target (up from $14.50) on shares of Callaway Golf in a report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $15.67.

Shares of Callaway Golf (NYSE ELY) traded down $0.21 on Wednesday, hitting $14.34. The stock had a trading volume of 433,872 shares, compared to its average volume of 995,422. Callaway Golf has a one year low of $9.93 and a one year high of $15.63. The company has a market cap of $1,357.54, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 1.88 and a beta of 1.10.

Callaway Golf (NYSE:ELY) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.09. Callaway Golf had a return on equity of 7.88% and a net margin of 17.97%. The company had revenue of $243.60 million for the quarter, compared to analyst estimates of $209.52 million. During the same quarter last year, the company posted ($0.06) EPS. The company’s revenue for the quarter was up 29.7% compared to the same quarter last year. equities analysts expect that Callaway Golf will post 0.51 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 22nd will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.04 annualized dividend and a dividend yield of 0.28%. Callaway Golf’s payout ratio is 2.09%.

In other news, Director Anthony S. Thornley sold 7,000 shares of Callaway Golf stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $14.40, for a total value of $100,800.00. Following the transaction, the director now owns 47,034 shares in the company, valued at approximately $677,289.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Alan Hocknell sold 41,051 shares of Callaway Golf stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $13.75, for a total value of $564,451.25. Following the completion of the transaction, the senior vice president now owns 73,227 shares in the company, valued at approximately $1,006,871.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,941 shares of company stock worth $1,714,848. Corporate insiders own 2.59% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Callaway Golf (NYSE:ELY)

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