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Last $9.80 USD
Change Today +0.07 / 0.72%
Volume 371.9K
ELY On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

callaway golf company (ELY) Snapshot

Open
$9.71
Previous Close
$9.73
Day High
$9.84
Day Low
$9.70
52 Week High
04/21/15 - $10.20
52 Week Low
10/15/14 - $6.79
Market Cap
765.0M
Average Volume 10 Days
587.7K
EPS TTM
$-0.12
Shares Outstanding
78.1M
EX-Date
05/21/15
P/E TM
--
Dividend
$0.04
Dividend Yield
0.41%
Current Stock Chart for CALLAWAY GOLF COMPANY (ELY)

callaway golf company (ELY) Related Businessweek News

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callaway golf company (ELY) Details

Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs and balls. It offers drivers, fairway woods, hybrids, irons, wedges, and putters. The company also designs and sells golf accessories, such as packaged sets, golf bags, golf gloves, golf footwear, golf apparel, travel gear, headwear, towels, umbrellas, eyewear, and other accessories under the Callaway Golf, Odyssey, and Strata brand names. In addition, it licenses its trademarks and service marks for use on golf related accessories, such as golf apparel and footwear, golf gloves, umbrellas, prescription eyewear, and practice aids. The company sells its products directly to golf retailers, sporting goods retailers, and mass merchants; and to third-party distributors in the United States, as well as in approximately 100 countries worldwide. It also sells pre-owned golf products through its Website callawaygolfpreowned.com; and Callaway Golf and Odyssey products directly to consumers online through its Websites callawaygolf.com and odysseygolf.com. The company was founded in 1982 and is based in Carlsbad, California.

1,700 Employees
Last Reported Date: 03/3/15
Founded in 1982

callaway golf company (ELY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $746.4K
Senior Vice President of Global Operations
Total Annual Compensation: $398.2K
President of Europe, Middle East & Africa
Total Annual Compensation: $357.5K
President of East Asia
Total Annual Compensation: $356.0K
Compensation as of Fiscal Year 2014.

callaway golf company (ELY) Key Developments

Callaway Golf Company Declares Quarterly Cash Dividend, Payable on June 16, 2015

Callaway Golf Company declared a regular quarterly cash dividend of $0.01 per share on its Common Stock. The dividend is payable on June 16, 2015 to shareholders of record at the close of business on May 26, 2015.

Callaway Golf Co. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Sales Guidance for the Second Quarter of 2015; Revises 2015 Full Year Earnings Guidance

Callaway Golf Co. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $284,179,000 compared to $351,874,000 a year ago. Income from operations was $36,932,000 compared to $61,677,000 a year ago. Income before income taxes was $37,457,000 compared to $56,786,000 a year ago. Net income was $35,819,000 or $0.39 per diluted share compared to $55,312,000 or $0.61 per diluted share a year ago. EBITDA was $44,181,000 compared to $32,675,000 a year ago. Net cash used in operating activities was $90,348,000 compared to $124,798,000 a year ago. Capital expenditures were $2,393,000 compared to $4,048,000 a year ago. The U.S. Dollar strengthened further and market conditions, particularly in Asia, showed less improvement than anticipated. These factors ultimately resulted in a slightly greater than anticipated decrease in net sales for the first quarter of 2015. These results generated operating income of $37 million compared to $62 million last year. The company provided sales guidance for the second quarter and revised earnings guidance for the full year 2015. The net sales for the second quarter of 2015 are expected to be approximately 1% higher on a GAAP basis than for the second quarter of 2014, which would equate to approximately 8% sales growth on a constant currency basis. The company has revised 2015 full year earnings guidance. 2015 net sales decreased slightly but it’s earnings were higher. Further strengthening of the U.S. Dollar for the balance of the year would also negatively affect the company's sales estimates. As a result, the company is decreasing full year revenue is estimated to be in the range between $840 million to $860 million compared to prior estimate range of $855 million to $880 million. The company, however, is increasing full year earnings per share estimate in the range between $0.03 to $0.04, compared to prior estimate of $0.09 to $0.01, as a result of continued manufacturing improvements and a better sales mix. This is due to improved gross margins more than offsetting the decline in net sales. GAAP gross margins is expected to be 41% from previous guidance of 40.0% due to a stronger sales mix and continued operational improvements more than offsetting adverse foreign currency rates. Pre-tax income is expected to in the range of $4 million to $11 million from previous guidance of negative $1 million to positive $8 million due to improved gross margins more than offsetting the decline in net sales.

Callaway Golf Co., Q1 2015 Earnings Call, Apr 23, 2015

Callaway Golf Co., Q1 2015 Earnings Call, Apr 23, 2015

 

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Industry Analysis

ELY

Industry Average

Valuation ELY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 2.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.7x
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