Topgolf Callaway Brands (MODG) Projected to Post Earnings on Monday

Topgolf Callaway Brands (NYSE:MODG) is anticipated to release its earnings data 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.

Topgolf Callaway Brands Price Performance

Shares of MODG opened at $7.24 on Friday. Topgolf Callaway Brands has a twelve month low of $7.13 and a twelve month high of $16.89. The firm’s fifty day simple moving average is $7.98 and its 200-day simple moving average is $9.33. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of -90.49 and a beta of 1.70. The company has a current ratio of 1.93, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Topgolf Callaway Brands from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. The Goldman Sachs Group decreased their price objective on shares of Topgolf Callaway Brands from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Truist Financial decreased their price objective on shares of Topgolf Callaway Brands from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Roth Mkm reaffirmed a “buy” rating and issued a $16.00 price target (down previously from $17.00) on shares of Topgolf Callaway Brands in a report on Thursday, November 14th. Finally, Jefferies Financial Group raised shares of Topgolf Callaway Brands from a “hold” rating to a “buy” rating and upped their price target for the company from $11.00 to $13.00 in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus 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.