Topgolf Callaway Brands (NYSE:MODG) Issues 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 the consensus estimate 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%. The company had revenue of $924.40 million for the quarter, compared to analyst estimates of $1.13 billion. Topgolf Callaway Brands updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Topgolf Callaway Brands Stock Performance

MODG stock opened at $6.67 on Wednesday. The company has a 50 day moving average price of $7.91 and a 200 day moving average price of $9.16. Topgolf Callaway Brands has a fifty-two week low of $6.11 and a fifty-two week high of $16.89. 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 PE ratio of -83.30 and a beta of 1.70.

Analysts Set New Price Targets

MODG has been the topic of a number of analyst reports. Jefferies Financial Group upgraded Topgolf Callaway Brands from a “hold” rating to a “buy” rating and upped their price target for the company from $11.00 to $13.00 in a research report on Thursday, January 2nd. The Goldman Sachs Group reduced their target price on shares of Topgolf Callaway Brands from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. JPMorgan Chase & Co. dropped their target price on shares of Topgolf Callaway Brands from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Roth Mkm restated a “buy” rating and issued a $11.00 price target (down from $16.00) on shares of Topgolf Callaway Brands in a research report on Tuesday. Finally, Truist Financial decreased their price objective on shares of Topgolf Callaway Brands from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Topgolf Callaway Brands currently has a consensus rating of “Hold” and a consensus target price of $13.91.

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.