Topgolf Callaway Brands Corp. (NYSE:CALY) Given Average Recommendation of “Hold” by Analysts

Topgolf Callaway Brands Corp. (NYSE:CALY) has earned an average recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $18.25.

CALY has been the subject of several analyst reports. Truist Financial raised their price target on shares of Topgolf Callaway Brands to $19.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Weiss Ratings raised Topgolf Callaway Brands from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Wall Street Zen upgraded Topgolf Callaway Brands from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. UBS Group lifted their target price on Topgolf Callaway Brands from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Finally, Zacks Research cut Topgolf Callaway Brands from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th.

Topgolf Callaway Brands Price Performance

Shares of Topgolf Callaway Brands stock opened at $18.26 on Monday. Topgolf Callaway Brands has a 1 year low of $8.00 and a 1 year high of $19.36. The stock has a 50-day moving average price of $16.30. The company has a market cap of $3.28 billion, a PE ratio of 130.46 and a beta of 0.92. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.07.

Topgolf Callaway Brands (NYSE:CALY) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.14. Topgolf Callaway Brands had a net margin of 1.05% and a return on equity of 4.44%. The business’s quarterly revenue was down 37.1% on a year-over-year basis. On average, equities analysts expect that Topgolf Callaway Brands will post 0.75 EPS for the current fiscal year.

About Topgolf Callaway Brands

Topgolf Callaway Brands plc (NYSE: MODG) is a leading global sports and entertainment company formed through the merger of Callaway Golf Company and Topgolf Entertainment Group in July 2022. The company combines Callaway’s heritage in golf equipment design and manufacturing with Topgolf’s innovative, technology-driven entertainment venues. Topgolf Callaway Brands serves a diverse audience of golf enthusiasts, casual players and social visitors, offering experiences that span both competitive sport and leisure activities.

Under the Callaway Golf brand, the company develops and markets a broad portfolio of premium golf clubs, balls, accessories and apparel.