Topgolf Callaway Brands (MODG) Scheduled to Post Earnings on Wednesday

Topgolf Callaway Brands (NYSE:MODG) is set to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Topgolf Callaway Brands to post earnings of $0.01 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Topgolf Callaway Brands (NYSE:MODG) last announced its quarterly earnings data on Tuesday, February 13th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.04. Topgolf Callaway Brands had a net margin of 2.22% and a return on equity of 2.39%. The firm had revenue of $897.10 million during the quarter, compared to analyst estimates of $867.25 million. During the same period last year, the firm posted ($0.27) EPS. Topgolf Callaway Brands’s revenue was up 5.4% on a year-over-year basis. On average, analysts expect Topgolf Callaway Brands to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Topgolf Callaway Brands Stock Performance

Shares of NYSE MODG traded up $0.15 during midday trading on Tuesday, reaching $16.60. The company had a trading volume of 127,833 shares, compared to its average volume of 2,420,018. Topgolf Callaway Brands has a 1 year low of $9.84 and a 1 year high of $22.41. The business’s 50-day simple moving average is $15.34 and its 200 day simple moving average is $14.00. The company has a current ratio of 1.72, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The stock has a market cap of $3.05 billion, a P/E ratio of 35.77, a P/E/G ratio of 1.67 and a beta of 1.84.

Insider Activity at Topgolf Callaway Brands

In related news, Director Erik J. Anderson sold 5,000 shares of Topgolf Callaway Brands stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $14.55, for a total value of $72,750.00. Following the completion of the transaction, the director now directly owns 777,959 shares in the company, valued at $11,319,303.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Erik J. Anderson sold 2,028 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $14.79, for a total value of $29,994.12. Following the completion of the sale, the director now directly owns 2,242 shares of the company’s stock, valued at approximately $33,159.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Erik J. Anderson sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $14.55, for a total value of $72,750.00. Following the completion of the sale, the director now owns 777,959 shares of the company’s stock, valued at approximately $11,319,303.45. The disclosure for this sale can be found here. Company insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on MODG shares. Truist Financial raised their target price on Topgolf Callaway Brands from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Tigress Financial reiterated a “buy” rating and issued a $38.00 target price on shares of Topgolf Callaway Brands in a research note on Friday, April 12th. B. Riley upped their price objective on shares of Topgolf Callaway Brands from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, KeyCorp cut their price objective on Topgolf Callaway Brands from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.91.

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.