Equities Analysts Issue Forecasts for MODG FY2026 Earnings

Topgolf Callaway Brands Corp. (NYSE:MODG - Free Report) - Investment analysts at KeyCorp issued their FY2026 earnings estimates for shares of Topgolf Callaway Brands in a research report issued on Wednesday, April 16th. KeyCorp analyst N. Zatzkin anticipates that the company will post earnings of ($0.50) per share for the year. The consensus estimate for Topgolf Callaway Brands' current full-year earnings is $0.16 per share.

A number of other analysts have also recently weighed in on the stock. Roth Mkm reissued a "buy" rating and set a $11.00 target price (down from $16.00) on shares of Topgolf Callaway Brands in a report on Tuesday, February 25th. Jefferies Financial Group raised shares of Topgolf Callaway Brands from a "hold" rating to a "buy" rating and raised their target price for the stock from $11.00 to $13.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. lowered their target price on Topgolf Callaway Brands from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, January 23rd. Finally, Truist Financial dropped their price target on Topgolf Callaway Brands from $12.00 to $7.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $11.00.

Topgolf Callaway Brands Stock Performance

Shares of NYSE MODG traded down $0.02 during trading on Friday, reaching $6.54. The stock had a trading volume of 1,324,227 shares, compared to its average volume of 2,671,282. The stock has a market cap of $1.20 billion, a PE ratio of -81.74 and a beta of 1.47. The firm's 50 day moving average price is $6.44 and its two-hundred day moving average price is $7.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.93. Topgolf Callaway Brands has a one year low of $5.42 and a one year high of $16.89.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. grew its position 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 in the last quarter. Ameriprise Financial Inc. raised its position in Topgolf Callaway Brands by 57.8% in the fourth quarter. Ameriprise Financial Inc. now owns 2,086,700 shares of the company's stock worth $16,401,000 after acquiring an additional 764,322 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in Topgolf Callaway Brands in the 4th quarter valued at about $4,769,000. Claar Advisors LLC bought a new position in shares of Topgolf Callaway Brands during the 4th quarter valued at about $4,716,000. Finally, Invesco Ltd. grew its stake in shares of Topgolf Callaway Brands by 41.9% in the 4th quarter. Invesco Ltd. now owns 1,591,742 shares of the company's stock worth $12,511,000 after purchasing an additional 469,728 shares during the last quarter. Institutional investors own 84.69% of the company's stock.

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.