Topgolf Callaway Brands (MODG) Scheduled to Post Earnings on Tuesday

Topgolf Callaway Brands (NYSE:MODG) is set to release its earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Topgolf Callaway Brands (NYSE:MODG) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.14. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.19 billion. Topgolf Callaway Brands had a net margin of 0.50% and a return on equity of 2.07%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. On average, analysts expect Topgolf Callaway Brands to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Topgolf Callaway Brands Stock Performance

Shares of MODG stock opened at $9.63 on Friday. Topgolf Callaway Brands has a 52 week low of $9.05 and a 52 week high of $16.89. The firm’s 50-day simple moving average is $10.21 and its two-hundred day simple moving average is $13.04. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 96.31, a P/E/G ratio of 6.22 and a beta of 1.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.93.

Analysts Set New Price Targets

Several brokerages have weighed in on MODG. Raymond James lowered Topgolf Callaway Brands from an “outperform” rating to an “underperform” rating in a report on Friday, August 23rd. Jefferies Financial Group downgraded Topgolf Callaway Brands from a “buy” rating to a “hold” rating and cut their price target for the stock from $40.00 to $12.00 in a research note on Thursday, August 29th. The Goldman Sachs Group lowered their price objective on Topgolf Callaway Brands from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. B. Riley lowered shares of Topgolf Callaway Brands from a “buy” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $12.00 in a research report on Thursday, October 17th. Finally, Bank of America lowered their price target on shares of Topgolf Callaway Brands from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Topgolf Callaway Brands currently has an average rating of “Hold” and an average target price of $15.73.

About Topgolf Callaway Brands

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game.