Topgolf Callaway Brands (MODG) to Release Earnings on Wednesday

Key Points

• Topgolf Callaway Brands is set to announce its Q2 2025 earnings on August 6th, with analysts predicting earnings of $0.03 per share and revenue of $1.08 billion.
• The company reported a positive earnings surprise of $0.15 last quarter, with a revenue decrease of 4.5% year-over-year, and a negative net margin of 34.68%.
• Insider trading activity shows significant investment from CEO Oliver Brewer III and Director Russell Fleischer, who increased their stakes in the company amidst challenges in the stock price.

Topgolf Callaway Brands (NYSE:MODG - Get Free Report) is projected to announce its Q2 2025 earnings results after the market closes on Wednesday, August 6th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $1.08 billion for the quarter. Topgolf Callaway Brands has set its FY 2025 guidance at EPS and its Q2 2025 guidance at EPS.

Topgolf Callaway Brands (NYSE:MODG - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.15. Topgolf Callaway Brands had a negative net margin of 34.68% and a positive return on equity of 1.51%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business earned $0.08 earnings per share. The firm's quarterly revenue was down 4.5% compared to the same quarter last year. 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 Price Performance

NYSE:MODG traded down $1.15 during midday trading on Friday, hitting $8.10. The company had a trading volume of 5,345,012 shares, compared to its average volume of 2,950,300. Topgolf Callaway Brands has a 52-week low of $5.42 and a 52-week high of $15.07. The stock's fifty day moving average price is $8.21 and its 200-day moving average price is $7.35. The company has a market capitalization of $1.49 billion, a PE ratio of -1.02 and a beta of 1.27. The company has a quick ratio of 1.41, a current ratio of 2.12 and a debt-to-equity ratio of 0.60.

Analysts Set New Price Targets

Several research analysts recently issued reports on MODG shares. JPMorgan Chase & Co. cut 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 research report on Tuesday, May 27th. Wall Street Zen downgraded shares of Topgolf Callaway Brands from a "hold" rating to a "sell" rating in a research note on Sunday, July 6th. Morgan Stanley began coverage on shares of Topgolf Callaway Brands in a research note on Friday, July 18th. They issued an "equal weight" rating and a $9.50 price target for the company. Cfra reissued a "hold" rating and issued a $9.00 price target on shares of Topgolf Callaway Brands in a research note on Friday, July 11th. Finally, Truist Financial lowered their price target on shares of Topgolf Callaway Brands from $12.00 to $7.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $10.14.

Insider Activity

In other news, CEO Oliver G. Brewer III acquired 20,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was purchased at an average cost of $6.40 per share, with a total value of $128,000.00. Following the completion of the purchase, the chief executive officer owned 1,009,297 shares in the company, valued at approximately $6,459,500.80. The trade was a 2.02% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Glenn F. Hickey purchased 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average cost 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 of the company's stock, valued at $68,600. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 905,284 shares of company stock valued at $5,922,500. 2.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Topgolf Callaway Brands

A number of institutional investors have recently bought and sold shares of MODG. AQR Capital Management LLC raised its stake in Topgolf Callaway Brands by 113.1% in the first quarter. AQR Capital Management LLC now owns 48,224 shares of the company's stock worth $307,000 after buying an additional 25,599 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Topgolf Callaway Brands by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,280 shares of the company's stock worth $555,000 after purchasing an additional 3,564 shares during the period. Empowered Funds LLC grew its holdings in Topgolf Callaway Brands by 36.5% in the first quarter. Empowered Funds LLC now owns 443,748 shares of the company's stock worth $2,924,000 after purchasing an additional 118,642 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Topgolf Callaway Brands by 5.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 460,109 shares of the company's stock worth $3,032,000 after purchasing an additional 22,211 shares during the period. Finally, Focus Partners Wealth purchased a new stake in Topgolf Callaway Brands in the first quarter worth about $109,000. 84.69% of the stock is 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.