Callaway Golf Co (ELY) to Issue Quarterly Dividend of $0.01 on December 19th

Callaway Golf Co (NYSE:ELY) announced a quarterly dividend on Friday, November 22nd, Fidelity reports. Shareholders of record on Wednesday, December 4th will be given a dividend of 0.01 per share on Thursday, December 19th. This represents a $0.04 annualized dividend and a yield of 0.19%. The ex-dividend date is Tuesday, December 3rd.

Shares of NYSE:ELY opened at $20.78 on Friday. The company has a market cap of $1.98 billion, a P/E ratio of 19.42, a PEG ratio of 0.76 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.79 and a quick ratio of 0.96. Callaway Golf has a 1 year low of $14.44 and a 1 year high of $21.54. The stock’s fifty day moving average price is $20.51 and its 200-day moving average price is $18.30.

Callaway Golf (NYSE:ELY) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.13. The firm had revenue of $426.00 million for the quarter, compared to the consensus estimate of $420.43 million. Callaway Golf had a return on equity of 13.17% and a net margin of 5.10%. The company’s quarterly revenue was up 62.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. On average, sell-side analysts anticipate that Callaway Golf will post 1.11 earnings per share for the current year.

Callaway Golf declared that its Board of Directors has initiated a share repurchase plan on Thursday, August 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 5.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

ELY has been the topic of a number of research analyst reports. Raymond James raised Callaway Golf from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Wednesday, September 11th. Stephens raised Callaway Golf from an “equal” rating to a “weight” rating and upped their price target for the company from $18.00 to $21.50 in a report on Friday, August 9th. B. Riley set a $30.00 price target on Callaway Golf and gave the company a “buy” rating in a report on Wednesday, October 9th. Compass Point set a $21.50 price target on Callaway Golf and gave the company a “buy” rating in a report on Friday, November 1st. Finally, ValuEngine downgraded Callaway Golf from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.78.

Callaway Golf Company Profile

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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Dividend History for Callaway Golf (NYSE:ELY)

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