What is B. Riley's Forecast for MODG Q3 Earnings?

Key Points

• B. Riley projects Topgolf Callaway Brands will report Q3 earnings of ($0.21) per share, while the current full-year estimate is $0.16 per share.
• The stock currently has a "Neutral" rating and a target price of $9.50, with other analysts maintaining similar price targets.
• Company insiders have made significant stock transactions, with purchases totaling 855,284 shares valued at over $5.6 million in the last 90 days, indicating some level of confidence in the company.

Topgolf Callaway Brands Corp. (NYSE:MODG - Free Report) - Research analysts at B. Riley issued their Q3 2025 earnings estimates for shares of Topgolf Callaway Brands in a research note issued to investors on Monday, August 11th. B. Riley analyst A. Glaessgen expects that the company will post earnings per share of ($0.21) for the quarter. B. Riley has a "Neutral" rating and a $9.50 price target on the stock. The consensus estimate for Topgolf Callaway Brands' current full-year earnings is $0.16 per share. B. Riley also issued estimates for Topgolf Callaway Brands' Q4 2025 earnings at ($0.50) EPS, FY2025 earnings at ($0.35) EPS and FY2026 earnings at ($0.28) EPS.

A number of other equities research analysts have also issued reports on MODG. JPMorgan Chase & Co. dropped their target price on shares of Topgolf Callaway Brands from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Tuesday, May 27th. Cfra restated a "hold" rating and set a $9.00 target price on shares of Topgolf Callaway Brands in a research report on Friday, July 11th. Wall Street Zen raised Topgolf Callaway Brands from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Morgan Stanley began coverage on Topgolf Callaway Brands in a research note on Friday, July 18th. They set an "equal weight" rating and a $9.50 price target for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $10.00.

Topgolf Callaway Brands Stock Performance

Shares of MODG traded up $0.01 during trading hours on Wednesday, hitting $9.89. The stock had a trading volume of 2,530,744 shares, compared to its average volume of 3,246,143. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.85. The firm has a 50-day moving average price of $8.80 and a 200 day moving average price of $7.41. Topgolf Callaway Brands has a fifty-two week low of $5.42 and a fifty-two week high of $11.94. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of -1.22 and a beta of 1.26.

Topgolf Callaway Brands (NYSE:MODG - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.21. Topgolf Callaway Brands had a negative net margin of 36.08% and a positive return on equity of 0.37%. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same period last year, the business earned $0.42 EPS. Topgolf Callaway Brands's revenue for the quarter was down 4.1% on a year-over-year basis.

Hedge Funds Weigh In On Topgolf Callaway Brands

A number of hedge funds and other institutional investors have recently modified their holdings of MODG. Hill Path Capital LP purchased a new stake in shares of Topgolf Callaway Brands during the 2nd quarter worth about $37,722,000. Marshall Wace LLP raised its stake in shares of Topgolf Callaway Brands by 10,113.7% in the 2nd quarter. Marshall Wace LLP now owns 4,691,786 shares of the company's stock valued at $37,769,000 after acquiring an additional 4,645,850 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Topgolf Callaway Brands by 448.3% in the 2nd quarter. American Century Companies Inc. now owns 1,314,939 shares of the company's stock valued at $10,585,000 after acquiring an additional 1,075,115 shares in the last quarter. Long Focus Capital Management LLC raised its stake in shares of Topgolf Callaway Brands by 44.8% in the 1st quarter. Long Focus Capital Management LLC now owns 2,950,844 shares of the company's stock valued at $19,446,000 after acquiring an additional 912,844 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 84.69% of the company's stock.

Insider Transactions at Topgolf Callaway Brands

In other Topgolf Callaway Brands news, EVP Glenn F. Hickey purchased 10,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was bought at an average price of $6.86 per share, with a total value of $68,600.00. Following the completion of the purchase, the executive vice president owned 10,000 shares in the company, valued at $68,600. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Erik J. Anderson sold 25,704 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $9.25, for a total value of $237,762.00. Following the transaction, the director directly owned 20,607 shares of the company's stock, valued at $190,614.75. This represents a 55.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders acquired 855,284 shares of company stock valued at $5,602,200. 2.40% of the stock is currently owned by insiders.

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.