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

Topgolf Callaway Brands (NYSE:MODG) is expected to announce its earnings results before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of ($0.40) per share and revenue of $885.01 million for the quarter.

Topgolf Callaway Brands Trading Down 0.7 %

MODG stock opened at $7.81 on Tuesday. The company has a market capitalization of $1.43 billion, a PE ratio of -97.55 and a beta of 1.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.93 and a quick ratio of 1.14. Topgolf Callaway Brands has a 12 month low of $7.22 and a 12 month high of $16.89. The firm’s 50-day moving average is $8.16 and its 200 day moving average is $9.99.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Topgolf Callaway Brands from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Jefferies Financial Group raised Topgolf Callaway Brands from a “hold” rating to a “buy” rating and increased their price target for the stock from $11.00 to $13.00 in a research report on Thursday, January 2nd. Truist Financial decreased their price objective on Topgolf Callaway Brands from $14.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Roth Mkm reiterated a “buy” rating and set a $16.00 target price (down from $17.00) on shares of Topgolf Callaway Brands in a report on Thursday, November 14th. Finally, B. Riley lowered shares of Topgolf Callaway Brands from a “buy” rating to a “neutral” rating and reduced their price target for the company from $18.00 to $12.00 in a report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.67.

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.