Topgolf Callaway Brands Corp. (NYSE:MODG - Free Report) - Analysts at KeyCorp issued their FY2026 earnings estimates for Topgolf Callaway Brands in a research note issued on Wednesday, April 16th. KeyCorp analyst N. Zatzkin anticipates that the company will post earnings per share of ($0.50) for the year. 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) EPS for the quarter, topping analysts' consensus estimates 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%.
A number of other brokerages have also recently issued reports on MODG. JPMorgan Chase & Co. reduced their price objective on Topgolf Callaway Brands from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, January 23rd. Truist Financial reduced their price target on Topgolf Callaway Brands from $12.00 to $7.00 and set a "buy" rating for the company in a research note on Monday. Roth Mkm reiterated a "buy" rating and set a $11.00 price objective (down previously from $16.00) on shares of Topgolf Callaway Brands in a research report on Tuesday, February 25th. Finally, Jefferies Financial Group raised 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $11.00.
Read Our Latest Report on MODG
Topgolf Callaway Brands Stock Performance
Shares of MODG stock opened at $6.15 on Friday. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -76.80 and a beta of 1.47. 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 52 week low of $5.42 and a 52 week high of $16.89. The company has a 50-day simple moving average of $6.51 and a 200 day simple moving average of $8.01.
Institutional Trading of Topgolf Callaway Brands
Several large investors have recently made changes to their positions in MODG. Vanguard Group Inc. lifted its stake in Topgolf Callaway Brands by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 15,860,996 shares of the company's stock worth $124,667,000 after purchasing an additional 224,578 shares during the last quarter. Shapiro Capital Management LLC lifted its position in shares of Topgolf Callaway Brands by 3.6% during the 4th quarter. Shapiro Capital Management LLC now owns 10,520,632 shares of the company's stock worth $82,692,000 after buying an additional 366,192 shares during the last quarter. Geode Capital Management LLC boosted its stake in Topgolf Callaway Brands by 0.7% in the third quarter. Geode Capital Management LLC now owns 3,255,232 shares of the company's stock valued at $35,749,000 after buying an additional 22,003 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Topgolf Callaway Brands by 14.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,286,719 shares of the company's stock valued at $17,974,000 after acquiring an additional 291,052 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Topgolf Callaway Brands by 97.6% during the fourth quarter. Alliancebernstein L.P. now owns 2,152,565 shares of the company's stock worth $16,919,000 after acquiring an additional 1,063,033 shares in the last quarter. Institutional investors and hedge funds own 84.69% of the company's stock.
About Topgolf Callaway Brands
(
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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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