Topgolf Callaway Brands (NYSE:MODG) Issues Earnings Results

Topgolf Callaway Brands (NYSE:MODG - Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.33) earnings per share for the quarter, topping analysts' consensus estimates of ($0.40) by $0.07, Zacks reports. The firm had revenue of $924.40 million for the quarter, compared to analyst estimates of $1.13 billion. 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 Down 3.7 %

Topgolf Callaway Brands stock traded down $0.25 during mid-day trading on Thursday, reaching $6.55. 1,562,772 shares of the company's stock were exchanged, compared to its average volume of 3,051,563. The company has a market cap of $1.20 billion, a P/E ratio of -82.05 and a beta of 1.70. Topgolf Callaway Brands has a twelve month low of $6.11 and a twelve month high of $16.89. 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 company has a fifty day moving average of $7.89 and a 200-day moving average of $9.14.

Analyst Upgrades and Downgrades

MODG has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of 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. Truist Financial reduced their target price on shares of Topgolf Callaway Brands from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Jefferies Financial Group raised shares of Topgolf Callaway Brands from a "hold" rating to a "buy" rating and lifted their target price for the stock from $11.00 to $13.00 in a research note on Thursday, January 2nd. The Goldman Sachs Group reduced their target price on shares of Topgolf Callaway Brands from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, November 14th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $11.00 target price (down from $16.00) on shares of Topgolf Callaway Brands in a research note on Tuesday. 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, the company currently has an average rating of "Hold" and a consensus target price of $13.91.

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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.