Topgolf Callaway Brands (MODG) to Release Quarterly Earnings on Tuesday

Topgolf Callaway Brands (NYSE:MODG - Get Free Report) will likely be announcing its earnings results before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of ($0.40) per share and revenue of $885.01 million for the quarter.

Topgolf Callaway Brands Stock Performance

NYSE MODG traded down $0.41 during trading hours on Friday, hitting $7.60. The company had a trading volume of 2,231,191 shares, compared to its average volume of 2,897,951. The business has a 50 day moving average of $8.13 and a 200-day moving average of $9.86. The company has a market cap of $1.40 billion, a PE ratio of -94.93 and a beta of 1.70. Topgolf Callaway Brands has a 1-year low of $7.22 and a 1-year high of $16.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.93.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MODG shares. Jefferies Financial Group upgraded shares of Topgolf Callaway Brands from a "hold" rating to a "buy" rating and lifted their price objective for the company from $11.00 to $13.00 in a research note on Thursday, January 2nd. B. Riley downgraded Topgolf Callaway Brands from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $18.00 to $12.00 in a research note on Thursday, October 17th. Truist Financial lowered their target price on Topgolf Callaway Brands from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut their price target on Topgolf Callaway Brands from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group lowered their price objective on shares of Topgolf Callaway Brands from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $14.67.

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.