Roth Capital Issues Pessimistic Forecast for MODG Earnings

Topgolf Callaway Brands Corp. (NYSE:MODG) – Research analysts at Roth Capital decreased their Q2 2025 earnings estimates for shares of Topgolf Callaway Brands in a research note issued on Thursday, November 14th. Roth Capital analyst G. Kelly now forecasts that the company will post earnings per share of $0.14 for the quarter, down from their prior forecast of $0.17. The consensus estimate for Topgolf Callaway Brands’ current full-year earnings is $0.17 per share.

A number of other equities analysts have also weighed in on the stock. Bank of America decreased their price objective on shares of Topgolf Callaway Brands from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Morgan Stanley lowered their target price on Topgolf Callaway Brands from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Thursday, August 8th. Raymond James downgraded shares of Topgolf Callaway Brands from an “outperform” rating to an “underperform” rating in a report on Friday, August 23rd. The Goldman Sachs Group dropped their price target on Topgolf Callaway Brands from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Finally, Roth Mkm restated a “buy” rating and set a $16.00 price objective (down previously from $17.00) on shares of Topgolf Callaway Brands in a research report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $14.92.

Topgolf Callaway Brands Price Performance

Shares of MODG opened at $8.51 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.93. The firm’s 50-day simple moving average is $10.01 and its two-hundred day simple moving average is $12.66. Topgolf Callaway Brands has a fifty-two week low of $7.95 and a fifty-two week high of $16.89. The stock has a market cap of $1.56 billion, a PE ratio of -106.31, a price-to-earnings-growth ratio of 5.89 and a beta of 1.75.

Institutional Investors Weigh In On Topgolf Callaway Brands

Large investors have recently modified their holdings of the business. Sei Investments Co. raised its holdings in Topgolf Callaway Brands by 161.7% in the 1st quarter. Sei Investments Co. now owns 241,798 shares of the company’s stock valued at $3,910,000 after buying an additional 149,402 shares during the period. QRG Capital Management Inc. purchased a new stake in Topgolf Callaway Brands during the 1st quarter worth about $178,000. ProShare Advisors LLC increased its holdings in Topgolf Callaway Brands by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 28,982 shares of the company’s stock worth $469,000 after purchasing an additional 1,997 shares during the period. Blair William & Co. IL boosted its stake in shares of Topgolf Callaway Brands by 2.0% in the 1st quarter. Blair William & Co. IL now owns 96,389 shares of the company’s stock valued at $1,559,000 after buying an additional 1,899 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Topgolf Callaway Brands by 0.5% during the first quarter. Vanguard Group Inc. now owns 15,484,400 shares of the company’s stock worth $250,383,000 after buying an additional 81,021 shares in the last quarter. Hedge funds and other institutional investors own 84.69% of the company’s stock.

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.