Berenberg Bank Stick to Their Buy Rating for Callaway Golf By Investing.com

Berenberg Bank analyst Alex Maroccia maintained a Buy rating on Callaway Golf (NYSE:) on Tuesday, setting a price target of $34, which is approximately 9.22% above the present share price of $31.13.

Maroccia expects Callaway Golf to post earnings per share (EPS) of -$0.43 for the second quarter of 2021.

The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Callaway Golf, with an average price target of $34.
The analysts price targets range from a high of $40 to a low of $28.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $374.63 million and a net profit of -$32.26 million. The company’s market cap is $5.75 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 46.7% and a 92.47% 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.

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