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 Stock Performance

MODG stock traded down $0.31 during mid-day trading on Wednesday, reaching $7.28. The company had a trading volume of 3,161,999 shares, compared to its average volume of 2,884,428. Topgolf Callaway Brands has a one year low of $7.16 and a one year high of $16.89. The stock has a market capitalization of $1.34 billion, a P/E ratio of -90.99 and a beta of 1.70. The company has a quick ratio of 1.14, a current ratio of 1.93 and a debt-to-equity ratio of 0.37. The stock's 50-day simple moving average is $8.09 and its two-hundred day simple moving average is $9.66.

Wall Street Analyst Weigh In

Several research firms have commented on MODG. Truist Financial decreased 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. B. Riley downgraded Topgolf Callaway Brands from a "buy" rating to a "neutral" rating and cut their target price for the company from $18.00 to $12.00 in a research note on Thursday, October 17th. JPMorgan Chase & Co. decreased 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. Roth Mkm reaffirmed a "buy" rating and issued a $16.00 price objective (down previously from $17.00) on shares of Topgolf Callaway Brands in a report on Thursday, November 14th. Finally, The Goldman Sachs Group decreased 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Topgolf Callaway Brands presently has an average rating of "Hold" and an average price target 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.