Topgolf Callaway Brands (NYSE:MODG) Trading Up 0.2%

Posted by Defense World Staff on Mar 17th, 2023

Topgolf Callaway Brands Corp. (NYSE:MODG – Get Rating) shares traded up 0.2% on Thursday . The company traded as high as $21.72 and last traded at $21.45. 1,936,096 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 1,525,356 shares. The stock had previously closed at $21.41.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MODG shares. Truist Financial upped their price objective on Topgolf Callaway Brands from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 10th. Tigress Financial reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Topgolf Callaway Brands in a research note on Thursday, February 23rd. Finally, B. Riley increased their target price on Topgolf Callaway Brands from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, February 10th.

Topgolf Callaway Brands Stock Up 0.2 %

The company has a current ratio of 1.29, a quick ratio of 0.48 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $23.23. The stock has a market capitalization of $3.97 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 2.13 and a beta of 1.75.

Topgolf Callaway Brands (NYSE:MODG – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.08). The firm had revenue of $851.30 million during the quarter, compared to analyst estimates of $840.75 million. Topgolf Callaway Brands had a net margin of 3.95% and a return on equity of 4.20%. The company’s revenue was up 19.6% on a year-over-year basis. During the same period last year, the business posted ($0.19) EPS. Equities analysts expect that Topgolf Callaway Brands Corp. will post 0.81 earnings per share for the current year.

Insider Buying and Selling

In other Topgolf Callaway Brands news, CAO Jennifer L. Thomas sold 6,438 shares of the business’s stock in a transaction on Friday, January 20th. The stock was sold at an average price of $23.30, for a total value of $150,005.40. Following the sale, the chief accounting officer now directly owns 56,012 shares in the company, valued at $1,305,079.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. 13.46% of the stock is currently owned by corporate insiders.

About Topgolf Callaway Brands

(Get Rating)

Topgolf Callaway Brands Corp. engages in the manufacture and distribution of golf equipment and accessories. It operates through the Golf Equipment and Apparel, Gear, and Other segments. The Golf Equipment segment focuses on the design, manufacture, and sale of a full line of golf equipment. The Apparel, Gear, and Other segment refers to the development and sale of soft goods under the Callaway, TravisMathew, OGIO, and Jack Wolfskin brands.