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

Topgolf Callaway Brands (NYSE:MODG) posted its earnings results on Monday. The company reported ($0.33) earnings per share for the quarter, topping 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 Stock Down 4.5 %

Shares of MODG traded down $0.31 on Monday, hitting $6.70. 5,602,409 shares of the stock traded hands, compared to its average volume of 2,910,878. Topgolf Callaway Brands has a one year low of $6.68 and a one year high of $16.89. The company has a market capitalization of $1.23 billion, a PE ratio of -83.70 and a beta of 1.70. The business has a 50 day simple moving average of $7.96 and a 200 day simple moving average of $9.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.93.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MODG shares. JPMorgan Chase & Co. dropped their price target on 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. The Goldman Sachs Group dropped 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 report on Thursday, November 14th. Jefferies Financial Group raised shares of Topgolf Callaway Brands from a “hold” rating to a “buy” rating and upped their target price for the stock from $11.00 to $13.00 in a research report on Thursday, January 2nd. Roth Mkm reissued a “buy” rating and set a $16.00 price objective (down previously from $17.00) on shares of Topgolf Callaway Brands in a research note on Thursday, November 14th. Finally, Truist Financial cut 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 report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Topgolf Callaway Brands 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.