Topgolf Callaway Brands (NYSE:CALY) Posts Earnings Results

Topgolf Callaway Brands (NYSE:CALY) posted its quarterly earnings data on Thursday. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.42 by $0.14, FiscalAI reports. Topgolf Callaway Brands had a net margin of 1.05% and a return on equity of 4.34%. The firm’s revenue was down 37.1% compared to the same quarter last year.

Topgolf Callaway Brands Price Performance

Shares of NYSE:CALY traded up $2.74 during trading on Friday, hitting $17.51. 8,090,268 shares of the company were exchanged, compared to its average volume of 2,659,314. The stock has a market capitalization of $3.19 billion, a PE ratio of 125.09 and a beta of 0.95. The company has a quick ratio of 1.22, a current ratio of 1.36 and a debt-to-equity ratio of 0.31. Topgolf Callaway Brands has a 12-month low of $5.86 and a 12-month high of $17.70. The company has a 50 day moving average of $14.15.

Topgolf Callaway Brands News Summary

Here are the key news stories impacting Topgolf Callaway Brands this week:

• Positive Sentiment: Topgolf Callaway beat Q1 estimates, reporting $0.56 EPS versus the $0.42 consensus, while PR materials highlighted 9% higher net sales, 18% higher net income from continuing operations, and 31% higher adjusted EBITDA year over year. CALLAWAY GOLF COMPANY ANNOUNCES FIRST QUARTER 2026 RESULTS
• Positive Sentiment: The company raised its 2026 outlook, with revenue guidance of about $2.0 billion to $2.1 billion and improving tariff conditions supporting a more constructive sales forecast. Callaway forecasts $2.015B-$2.070B in 2026 net sales as tariff outlook improves
• Positive Sentiment: Management also appeared confident enough to bump guidance after a strong start to the year, reinforcing the view that earnings momentum may be improving. Callaway Bumps Guidance after Strong Start to Year
• Neutral Sentiment: JPMorgan raised its price target on CALY to $17 from $15 but kept a neutral rating, suggesting the stock may already reflect much of the recent improvement. Benzinga report on JPMorgan price target change
• Neutral Sentiment: Additional coverage this morning focused on the company’s earnings transcript and presentation, which typically supports investor attention but is less likely to change the stock’s direction on its own. Callaway Golf (CALY) Q1 2026 Earnings Transcript
• Negative Sentiment: Despite the earnings beat, revenue was still down 37.1% year over year, and Topgolf layoff headlines continued to highlight operational pressure in parts of the business. Topgolf lays off hundreds following rocky private equity acquisition

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Weiss Ratings assumed coverage on shares of Topgolf Callaway Brands in a research note on Tuesday, March 3rd. They issued a “sell (d-)” rating for the company. UBS Group raised their price objective on shares of Topgolf Callaway Brands from $11.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, March 27th. JPMorgan Chase & Co. raised their price objective on shares of Topgolf Callaway Brands from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Zacks Research raised shares of Topgolf Callaway Brands from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Topgolf Callaway Brands presently has an average rating of “Hold” and an average price target of $16.00.

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.