Callaway Golf Company Announces Third Quarter 2016 Financial Results, Including A 6.9% Increase In Net Sales; Continues To Realize Benefits From Operational Improvements; And Increases 2016 Full Year
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Callaway Golf (ELY) PT, Estimates Raised at Jefferies Following Another Solid Qtr
November 4, 2016 8:39 AM EDTJefferies analyst Randal Konik raised estimates and his price target on Callaway Golf (NYSE: ELY) to $16.00 (from $14.00) following another solid quarter. The firm maintained a Buy rating.
Konik commented, "ELY's 3Q reaffirms our thesis that the company continues to gain share despite a mixed... More
FBR Capital Reiterates Outperform on Callaway Golf (ELY) Following 3Q Beat
November 4, 2016 7:45 AM EDTFBR Capital reiterated an Outperform rating and $12.00 price target on Callaway Golf (NYSE: ELY) following the company's 3Q earnings report. ELY reported a 3Q16 EPS beat of ($0.06) versus consensus of ($0.12). The results reflect revenue growth of +6.9% versus consensus of +0.1%. The revenue beat was driven by the Japan apparel joint venture, golf balls (+11.6% versus consensus of... More
Compass Point Upgrades Callaway Golf (ELY) to Buy
November 4, 2016 7:41 AM EDTCompass Point upgraded Callaway Golf (NYSE: ELY) from Neutral to Buy with a price target of $11.50.
For an analyst ratings summary and ratings history on Callaway Golf click here. For more ratings news on Callaway Golf click here.
Shares of Callaway Golf closed at $9.87 yesterday.
... MoreCallaway Golf (ELY) Tops Q3 EPS by 6c; Raises Outlook
November 3, 2016 4:23 PM EDTCallaway Golf (NYSE: ELY) reported Q3 EPS of ($0.06), $0.06 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $188 million versus the consensus estimate of $177.39 million.
GUIDANCE:
Callaway Golf sees FY2016 EPS of $0.50-$0.54, versus prior guidance of $0.40-$0.50 and the consensus of $0.44. Callaway Golf sees FY2016 revenue of $870-880 million, versus the consensus of $869.56 million.
"We were pleased to see our continued momentum in the marketplace in the third quarter," commented Chip Brewer,... More
