Callaway Golf (NYSE:ELY) issued its quarterly earnings results on Thursday. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.14, Bloomberg Earnings reports. The business had revenue of $403.00 million during the quarter, compared to analyst estimates of $371.67 million. Callaway Golf had a net margin of 3.89% and a return on equity of 7.85%. The business’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Callaway Golf updated its Q2 guidance to $0.44-0.48 EPS and its FY18 guidance to $0.77-0.82 EPS.
Callaway Golf stock traded up $0.10 during mid-day trading on Thursday, reaching $16.80. The company’s stock had a trading volume of 901,073 shares, compared to its average volume of 946,568. The company has a market cap of $1,584.13, a PE ratio of 31.70, a P/E/G ratio of 1.60 and a beta of 1.03. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.48 and a quick ratio of 0.65. Callaway Golf has a twelve month low of $11.74 and a twelve month high of $17.75.
In other Callaway Golf news, insider Oliver G. Brewer III sold 25,721 shares of Callaway Golf stock in a transaction on Friday, April 6th. The shares were sold at an average price of $17.00, for a total value of $437,257.00. Following the completion of the transaction, the insider now owns 382,316 shares of the company’s stock, valued at $6,499,372. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Brian P. Lynch sold 25,911 shares of Callaway Golf stock in a transaction on Friday, February 9th. The stock was sold at an average price of $14.84, for a total transaction of $384,519.24. Following the completion of the transaction, the senior vice president now directly owns 31,599 shares of the company’s stock, valued at approximately $468,929.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 237,409 shares of company stock valued at $3,783,462. 2.59% of the stock is currently owned by corporate insiders.
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 in the United States and internationally. The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other.
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