Topgolf Callaway Brands (MODG) Expected to Announce Quarterly Earnings on Tuesday

Topgolf Callaway Brands (NYSE:MODG - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Tuesday, February 11th. Analysts expect Topgolf Callaway Brands to post earnings of ($0.40) per share and revenue of $885.01 million for the quarter.

Topgolf Callaway Brands Trading Down 0.3 %

NYSE:MODG traded down $0.03 during mid-day trading on Wednesday, hitting $8.02. The company had a trading volume of 744,312 shares, compared to its average volume of 2,924,856. The business's fifty day moving average is $8.15 and its two-hundred day moving average is $9.94. The firm has a market cap of $1.47 billion, a P/E ratio of -100.65 and a beta of 1.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.93. Topgolf Callaway Brands has a fifty-two week low of $7.22 and a fifty-two week high of $16.89.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Roth Mkm reaffirmed a "buy" rating and issued a $16.00 price target (down previously from $17.00) on shares of Topgolf Callaway Brands in a report on Thursday, November 14th. Truist Financial decreased their price target on Topgolf Callaway Brands from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price objective 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. B. Riley downgraded shares of Topgolf Callaway Brands from a "buy" rating to a "neutral" rating and lowered their price target for the company from $18.00 to $12.00 in a report on Thursday, October 17th. Finally, 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 for the company in a report on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $14.67.

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.