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

Topgolf Callaway Brands (NYSE:MODG) announced its quarterly earnings data on Monday. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.07, Zacks reports. Topgolf Callaway Brands had a negative net margin of 0.29% and a positive return on equity of 1.20%. The business had revenue of $924.40 million for the quarter, compared to analyst estimates of $1.13 billion. Topgolf Callaway Brands updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Topgolf Callaway Brands Stock Performance

Shares of MODG opened at $6.67 on Wednesday. The firm’s 50 day moving average price is $7.91 and its two-hundred day moving average price is $9.16. 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 twelve month low of $6.11 and a twelve month high of $16.89. The firm has a market cap of $1.23 billion, a P/E ratio of -83.30 and a beta of 1.70.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Truist Financial cut 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 raised Topgolf Callaway Brands from a “hold” rating to a “buy” rating and increased their target price for the company from $11.00 to $13.00 in a research note on Thursday, January 2nd. The Goldman Sachs Group decreased 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. JPMorgan Chase & Co. cut 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. Finally, Roth Mkm restated a “buy” rating and set a $11.00 price objective (down previously from $16.00) on shares of Topgolf Callaway Brands in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.91.

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.