Topgolf Callaway Brands (NYSE:MODG) Releases Earnings Results, Beats Estimates By $0.07 EPS

Topgolf Callaway Brands (NYSE:MODG) posted its earnings results on Monday. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.07, Zacks reports. Topgolf Callaway Brands had a positive return on equity of 1.20% and a negative net margin of 0.29%. Topgolf Callaway Brands updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Topgolf Callaway Brands Stock Performance

Topgolf Callaway Brands stock traded down $0.31 during mid-day trading on Monday, reaching $6.70. The company had a trading volume of 5,638,174 shares, compared to its average volume of 2,914,323. The company has a 50 day moving average of $7.96 and a 200-day moving average of $9.23. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -83.70 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. Topgolf Callaway Brands has a 52 week low of $6.68 and a 52 week high of $16.89.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Truist Financial decreased their price target on 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 upgraded Topgolf Callaway Brands from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $11.00 to $13.00 in a research report on Thursday, January 2nd. Roth Mkm reiterated a “buy” rating and set a $16.00 target price (down from $17.00) on shares of Topgolf Callaway Brands in a research report on Thursday, November 14th. JPMorgan Chase & Co. decreased 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 report on Thursday, January 23rd. 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 research report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Topgolf Callaway Brands currently has an average rating of “Hold” and an average target price of $14.36.

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.