Roth Capital Issues Negative Estimate for MODG Earnings

Topgolf Callaway Brands Corp. (NYSE:MODG) – Equities research analysts at Roth Capital decreased their Q1 2025 earnings estimates for Topgolf Callaway Brands in a research report issued on Tuesday, February 25th. Roth Capital analyst G. Kelly now anticipates that the company will post earnings of ($0.04) per share for the quarter, down from their prior forecast of $0.06. The consensus estimate for Topgolf Callaway Brands’ current full-year earnings is $0.16 per share. Roth Capital also issued estimates for Topgolf Callaway Brands’ Q3 2025 earnings at ($0.16) EPS, Q4 2025 earnings at ($0.41) EPS and FY2025 earnings at ($0.52) EPS.

Topgolf Callaway Brands (NYSE:MODG) last posted its quarterly earnings results on Monday, February 24th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.07. 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 during the quarter, compared to analyst estimates of $1.13 billion.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. reduced their price target on Topgolf Callaway Brands from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Roth Mkm reiterated a “buy” rating and issued a $11.00 target price (down from $16.00) on shares of Topgolf Callaway Brands in a research note on Tuesday. Truist Financial dropped their price target on shares of 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. The Goldman Sachs Group cut their price target 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. Finally, Jefferies Financial Group upgraded shares of Topgolf Callaway Brands from a “hold” rating to a “buy” rating and upped their price objective for the stock from $11.00 to $13.00 in a report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Topgolf Callaway Brands presently has an average rating of “Hold” and an average price target of $13.91.

Topgolf Callaway Brands Trading Up 2.2 %

NYSE MODG opened at $6.83 on Thursday. The company has a current ratio of 1.93, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. Topgolf Callaway Brands has a 1-year low of $6.11 and a 1-year high of $16.89. The firm’s fifty day simple moving average is $7.89 and its 200-day simple moving average is $9.14. The company has a market capitalization of $1.25 billion, a PE ratio of -85.30 and a beta of 1.70.

Hedge Funds Weigh In On Topgolf Callaway Brands

Institutional investors have recently made changes to their positions in the business. Alliancebernstein L.P. increased its position in Topgolf Callaway Brands by 97.6% during the fourth quarter. Alliancebernstein L.P. now owns 2,152,565 shares of the company’s stock worth $16,919,000 after acquiring an additional 1,063,033 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Topgolf Callaway Brands by 115.5% during the third quarter. Harbor Capital Advisors Inc. now owns 1,644,741 shares of the company’s stock valued at $18,059,000 after purchasing an additional 881,535 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Topgolf Callaway Brands by 57.8% in the fourth quarter. Ameriprise Financial Inc. now owns 2,086,700 shares of the company’s stock valued at $16,401,000 after purchasing an additional 764,322 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in Topgolf Callaway Brands in the fourth quarter worth $4,769,000. Finally, LGT Capital Partners LTD. acquired a new stake in Topgolf Callaway Brands during the third quarter worth $6,588,000. 84.69% of the stock is currently owned by institutional investors.

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.