Topgolf Callaway Brands (MODG) Set to Announce Quarterly Earnings on Wednesday

Topgolf Callaway Brands (NYSE:MODG) is scheduled to announce its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Investors that are interested in participating in the company’s earnings conference call can do so using this link.

Topgolf Callaway Brands (NYSE:MODG) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.08. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Topgolf Callaway Brands had a return on equity of 1.93% and a net margin of 1.80%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 EPS. 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 Up 1.8 %

Topgolf Callaway Brands stock traded up $0.25 during mid-day trading on Tuesday, hitting $14.23. The company had a trading volume of 981,414 shares, compared to its average volume of 2,201,482. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 2.55 and a beta of 1.77. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 0.39. Topgolf Callaway Brands has a 1 year low of $9.84 and a 1 year high of $19.42. The business has a fifty day moving average of $15.26 and a 200 day moving average of $15.07.

Insider Activity

In other news, Director Erik J. Anderson sold 7,500 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $15.37, for a total value of $115,275.00. Following the completion of the sale, the director now owns 760,459 shares in the company, valued at $11,688,254.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Topgolf Callaway Brands news, Director Erik J. Anderson sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $15.19, for a total value of $151,900.00. Following the completion of the transaction, the director now owns 767,959 shares of the company’s stock, valued at approximately $11,665,297.21. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Erik J. Anderson sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $15.37, for a total value of $115,275.00. Following the transaction, the director now owns 760,459 shares of the company’s stock, valued at approximately $11,688,254.83. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Cowen boosted their price target on Topgolf Callaway Brands from $10.00 to $13.00 and gave the company a “hold” rating in a research report on Monday, May 13th. B. Riley increased their price target on Topgolf Callaway Brands from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Truist Financial boosted their price objective on shares of Topgolf Callaway Brands from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, Tigress Financial restated a “buy” rating and issued a $38.00 target price on shares of Topgolf Callaway Brands in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.33.

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.