Topgolf Callaway Brands (NYSE:MODG) Announces Earnings Results

Topgolf Callaway Brands (NYSE:MODG) posted its quarterly earnings results 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 negative net margin of 0.29% and a positive return on equity of 1.20%. Topgolf Callaway Brands updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Topgolf Callaway Brands Stock Performance

NYSE:MODG opened at $6.70 on Tuesday. 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 stock has a 50-day simple moving average of $7.93 and a two-hundred day simple moving average of $9.19. The firm has a market capitalization of $1.23 billion, a PE ratio of -83.70 and a beta of 1.70. Topgolf Callaway Brands has a 52-week low of $6.68 and a 52-week high of $16.89.

Wall Street Analyst Weigh In

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