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

Topgolf Callaway Brands (NYSE:MODG) is expected 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 that are interested in registering for the company’s earnings conference call can do so using this link.

Topgolf Callaway Brands Stock Performance

Shares of NYSE:MODG opened at $7.02 on Friday. Topgolf Callaway Brands has a twelve month low of $6.98 and a twelve month high of $16.89. The firm has a market cap of $1.29 billion, a PE ratio of -87.68 and a beta of 1.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.93. The business has a fifty day moving average of $7.96 and a 200-day moving average of $9.25.

Analyst Upgrades and Downgrades

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