Topgolf Callaway Brands (NYSE:MODG) Issues Quarterly Earnings Results

Topgolf Callaway Brands (NYSE:MODG) released its quarterly earnings data on Monday. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.07, Zacks reports. Topgolf Callaway Brands had a positive return on equity of 1.20% and a negative net margin of 0.29%. Topgolf Callaway Brands updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Topgolf Callaway Brands Trading Down 4.5 %

NYSE MODG opened at $6.70 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.93 and a quick ratio of 1.14. The stock has a market capitalization of $1.23 billion, a P/E ratio of -83.70 and a beta of 1.70. The firm’s 50-day moving average is $7.93 and its two-hundred day moving average is $9.19. Topgolf Callaway Brands has a 12 month low of $6.68 and a 12 month high of $16.89.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MODG shares. Roth Mkm reiterated a “buy” rating and set a $16.00 price target (down from $17.00) on shares of Topgolf Callaway Brands in a research report on Thursday, November 14th. The Goldman Sachs Group 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 report on Thursday, November 14th. JPMorgan Chase & Co. dropped their price target on shares of Topgolf Callaway Brands from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Truist Financial decreased their price objective on shares of Topgolf Callaway Brands from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group upgraded Topgolf Callaway Brands from a “hold” rating to a “buy” rating and lifted their price target for the company from $11.00 to $13.00 in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.36.

Topgolf Callaway Brands Company Profile

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.