Topgolf Callaway Brands (MODG) Expected to Announce Earnings on Monday

Topgolf Callaway Brands (NYSE:MODG) is projected to post its quarterly earnings results after the market closes on Monday, February 24th. Analysts expect Topgolf Callaway Brands to post earnings of ($0.40) per share and revenue of $884.76 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Topgolf Callaway Brands Stock Down 3.0 %

MODG opened at $7.02 on Friday. Topgolf Callaway Brands has a 1-year low of $6.98 and a 1-year high of $16.89. The company has a current ratio of 1.93, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -87.68 and a beta of 1.70. The business has a 50 day moving average of $7.96 and a 200-day moving average of $9.25.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MODG shares. JPMorgan Chase & Co. reduced their target price on Topgolf Callaway Brands from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. The Goldman Sachs Group reduced their target price on 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. Roth Mkm reaffirmed a “buy” rating and issued a $16.00 target price (down from $17.00) on shares of Topgolf Callaway Brands in a research report on Thursday, November 14th. Truist Financial reduced their target price on 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. Finally, Jefferies Financial Group raised Topgolf Callaway Brands from a “hold” rating to a “buy” rating and raised their target price for the stock from $11.00 to $13.00 in a research report on Thursday, January 2nd. Two research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.36.

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.