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Wall Street Tees Off On Golf Stocks Amid PGA Tour Playoffs
Friday, August 9, 2019 - 12:22pm | 621The 2019 PGA Tour playoffs are underway, and analysts had plenty to say about the golf industry on Friday. Callaway Golf Co (NYSE: ELY) reported a solid second-quarter earnings and sales beat Thursday that also saw the company announce a $100-million buyback plan. The company also raised its...
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Callaway Shares Move Lower Despite Q1 Beat; Jack Wolfskin Weakness Comes In Focus
Friday, May 10, 2019 - 12:22pm | 419Callaway Golf Co (NYSE: ELY) shares are trading down despite the golf club maker's Thursday earnings beat. Here's how two analysts reacted to the print. Cowen Callaway management was able to raise its outlook within the core golf business, but weakness in the newly...
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Exclusive: Callaway Golf CEO Talks Jack Wolfskin, Epic Flash Driver And How AI Will Change The Industry
Monday, March 4, 2019 - 4:45pm | 1178When Nike Inc (NYSE: NKE) exited the golf club business in 2016, Callaway Golf Co (NYSE: ELY) was arguably the greatest beneficiary of the consolidating industry. Since then, the company has been on a tear, emerging as a leader in global golf club manufacturing. The company has also made several...
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Analyst: Buy-Side Investors Aren't Fully Onboard With Callaway's Jack Wolfskin Acquisition
Thursday, February 7, 2019 - 3:00pm | 559Callaway Golf Co (NYSE: ELY) shares were falling more than 5 percent Thursday despite the golf equipment maker's fourth-quarter earnings and sales beat the previous day. The company reported weak first-quarter and FY19 earnings guidance, likely sending shares lower. RayJay Stays Neutral...
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Raymond James: Callaway's Latest M&A Deal 'Dramatically' Changes Business
Wednesday, December 5, 2018 - 11:19am | 596Callaway Golf Co (NYSE: ELY)'s acquisition of German apparel brand Jack Wolfskin has fundamentally changed the composition of the business, according to Raymond James. Shares Dip On M&A Announcement Callaway announced Friday that it entered into an agreement to acquire Jack Wolfskin...