Berenberg Bank analyst Alex Maroccia maintained a Buy rating on Callaway Golf (NYSE:ELY) Company on Tuesday, setting a price target of $23, which is approximately 15.58% above the present share price of $19.9.
Maroccia expects Callaway Golf Company to post earnings per share (EPS) of -$1.78 for the fourth quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Callaway Golf, with an average price target of $22.67.
The analysts price targets range from a high of $25 to a low of $20.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $297 million and a net profit of -$3.18 million. The company's market cap is $1.89 billion.
According to TipRanks.com, Berenberg Bank analyst Alex Maroccia is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 29.0% and a 85.25% success rate.
Callaway Golf Co. engages in the manufacture and distribution of golf equipment and accessories. It operates through the following segments: Golf Clubs, Golf Balls, and Gear, Accessories & Other. The Golf Clubs segment comprises of Callaway Golf woods, hybrids, irons and wedges, Odyssey putters, including Toulon Design putters by Odyssey, packaged sets and sales of pre-owned golf clubs. The Golf Balls segment designs, manufactures, and sells Callaway Golf and Strata golf balls. The Gear, Accessories, and Other segment consists of soft goods products which include golf apparel and footwear, golf bags, golf gloves, travel gear, headwear and other golf-related accessories, retail apparel sales from the firm's joint venture in Japan, and OGIO branded products. The company was founded by Ely Reeves Callaway, Jr. in 1982 and is headquartered in Carlsbad, CA.