Topgolf Callaway Brands (NYSE:MODG – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.110-0.210 for the period, compared to the consensus estimate of 0.330. The company issued revenue guidance of $4.2 billion-$4.3 billion, compared to the consensus revenue estimate of $4.5 billion. Topgolf Callaway Brands also updated its FY24 guidance to $0.11-0.21 EPS.
Topgolf Callaway Brands Stock Down 12.7 %
Topgolf Callaway Brands stock traded down $1.78 during trading on Wednesday, reaching $12.22. 5,873,374 shares of the company’s stock were exchanged, compared to its average volume of 2,235,029. The company’s 50-day moving average is $15.24 and its two-hundred day moving average is $15.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.82. Topgolf Callaway Brands has a 52-week low of $9.84 and a 52-week high of $18.80. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 2.55 and a beta of 1.77.
Topgolf Callaway Brands (NYSE:MODG – Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. Topgolf Callaway Brands had a net margin of 1.80% and a return on equity of 1.93%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the company earned $0.17 EPS. The firm’s revenue was down 2.0% on a year-over-year basis. On average, analysts predict that Topgolf Callaway Brands will post 0.34 earnings per share for the current year.
Analyst Ratings Changes
View Our Latest Stock Report on MODG
Insider Activity
In other news, Director Erik J. Anderson sold 10,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $15.19, for a total value of $151,900.00. Following the sale, the director now owns 767,959 shares in the company, valued at approximately $11,665,297.21. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Erik J. Anderson sold 7,500 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $15.37, for a total transaction of $115,275.00. Following the sale, the director now owns 760,459 shares in the company, valued at $11,688,254.83. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Erik J. Anderson sold 10,000 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $15.19, for a total transaction of $151,900.00. Following the sale, the director now owns 767,959 shares in the company, valued at approximately $11,665,297.21. The disclosure for this sale can be found here. Company insiders own 2.49% of the company’s stock.
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.
See Also
- Five stocks we like better than Topgolf Callaway Brands
- How to Invest in the Best Canadian Stocks
- What Are Bonds? A High-Level Overview
- Retail Stocks Investing, Explained
- Super Micro Stock Drops Sharply After Earnings on Margin Concerns
- How is Compound Interest Calculated?
- Lyft’s First-Ever Profit, but the Outlook Is a Speed Bump
Receive News & Ratings for Topgolf Callaway Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Topgolf Callaway Brands and related companies with MarketBeat.com's FREE daily email newsletter.