Equities Analysts Issue Forecasts for MODG Q2 Earnings

Topgolf Callaway Brands Corp. (NYSE:MODG) – Research analysts at Roth Capital decreased their Q2 2025 earnings per share (EPS) 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 earn $0.08 per share for the quarter, down from their prior forecast of $0.14. The consensus estimate for Topgolf Callaway Brands’ current full-year earnings is $0.16 per share.

MODG has been the subject of a number of other research reports. Roth Mkm reaffirmed a “buy” rating and set a $11.00 price target (down previously from $16.00) on shares of Topgolf Callaway Brands in a report on Tuesday. Truist Financial cut 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. The Goldman Sachs Group decreased their price target on Topgolf Callaway Brands from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Jefferies Financial Group upgraded 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 research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on 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. Two investment 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.91.

Topgolf Callaway Brands Trading Down 0.5 %

Shares of Topgolf Callaway Brands stock opened at $6.67 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.93 and a debt-to-equity ratio of 0.37. Topgolf Callaway Brands has a 12-month low of $6.11 and a 12-month high of $16.89. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -83.30 and a beta of 1.70. The firm’s 50-day moving average price is $7.91 and its two-hundred day moving average price is $9.16.

Topgolf Callaway Brands (NYSE:MODG) last released its earnings results on Monday, February 24th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.07. The company had revenue of $924.40 million for the quarter, compared to analyst estimates of $1.13 billion. Topgolf Callaway Brands had a positive return on equity of 1.20% and a negative net margin of 0.29%.

Institutional Trading of Topgolf Callaway Brands

A number of hedge funds have recently made changes to their positions in MODG. Alliancebernstein L.P. raised its holdings in Topgolf Callaway Brands by 97.6% in the 4th quarter. Alliancebernstein L.P. now owns 2,152,565 shares of the company’s stock valued at $16,919,000 after buying an additional 1,063,033 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Topgolf Callaway Brands by 115.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,644,741 shares of the company’s stock valued at $18,059,000 after acquiring an additional 881,535 shares during the period. Ameriprise Financial Inc. increased its position in Topgolf Callaway Brands by 57.8% in the 4th quarter. Ameriprise Financial Inc. now owns 2,086,700 shares of the company’s stock valued at $16,401,000 after acquiring an additional 764,322 shares during the period. ExodusPoint Capital Management LP bought a new position in shares of Topgolf Callaway Brands during the fourth quarter valued at $4,769,000. Finally, LGT Capital Partners LTD. acquired a new position in shares of Topgolf Callaway Brands during the third quarter worth $6,588,000. 84.69% of the stock is owned by institutional investors and hedge funds.

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.