Topgolf Callaway Brands Corp. (NYSE:MODG - Free Report) - Investment analysts at Roth Capital lowered their Q2 2025 EPS estimates for Topgolf Callaway Brands in a research note issued on Tuesday, February 25th. Roth Capital analyst G. Kelly now expects that the company will post earnings of $0.08 per share for the quarter, down from their previous forecast of $0.14. The consensus estimate for Topgolf Callaway Brands' current full-year earnings is $0.16 per share.
Topgolf Callaway Brands (NYSE:MODG - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.07. The firm had revenue of $924.40 million during the quarter, compared to analysts' expectations of $1.13 billion. Topgolf Callaway Brands had a negative net margin of 0.29% and a positive return on equity of 1.20%.
Several other brokerages have also issued reports on MODG. JPMorgan Chase & Co. cut 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. The Goldman Sachs Group cut their target price on shares of Topgolf Callaway Brands from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, November 14th. Jefferies Financial Group upgraded shares of Topgolf Callaway Brands from a "hold" rating to a "buy" rating and boosted their target price for the company from $11.00 to $13.00 in a research report on Thursday, January 2nd. Truist Financial cut their target price 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, Roth Mkm reiterated 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $13.91.
Check Out Our Latest Research Report on MODG
Topgolf Callaway Brands Stock Performance
NYSE MODG traded up $0.01 during trading hours on Wednesday, hitting $6.53. 3,111,370 shares of the company's stock traded hands, compared to its average volume of 3,099,048. The business's fifty day moving average price is $7.86 and its two-hundred day moving average price is $9.09. The company has a current ratio of 1.93, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $1.20 billion, a P/E ratio of -81.55 and a beta of 1.70. Topgolf Callaway Brands has a 52 week low of $6.11 and a 52 week high of $16.89.
Hedge Funds Weigh In On Topgolf Callaway Brands
Hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Topgolf Callaway Brands by 8.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,995,667 shares of the company's stock worth $21,912,000 after acquiring an additional 148,451 shares during the last quarter. Thompson Investment Management Inc. boosted its position in shares of Topgolf Callaway Brands by 11.1% during the fourth quarter. Thompson Investment Management Inc. now owns 362,299 shares of the company's stock worth $2,848,000 after acquiring an additional 36,201 shares during the last quarter. PDT Partners LLC bought a new position in shares of Topgolf Callaway Brands during the third quarter worth $1,934,000. Harbor Capital Advisors Inc. boosted its position in shares of Topgolf Callaway Brands by 115.5% during the third quarter. Harbor Capital Advisors Inc. now owns 1,644,741 shares of the company's stock worth $18,059,000 after acquiring an additional 881,535 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Topgolf Callaway Brands during the third quarter worth $3,396,000. Institutional investors own 84.69% of the company's stock.
About Topgolf Callaway Brands
(
Get Free Report)
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.
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