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

Shares of Topgolf Callaway Brands Corp. (NYSE:CALY) have been assigned an average recommendation of “Hold” from the five research firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $16.3333.

A number of equities analysts have issued reports on CALY shares. UBS Group lifted their price objective on shares of Topgolf Callaway Brands from $11.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, March 27th. JPMorgan Chase & Co. lifted their target price on Topgolf Callaway Brands from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Zacks Research cut Topgolf Callaway Brands from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $17.00 target price on shares of Topgolf Callaway Brands in a research note on Thursday. Finally, Wall Street Zen upgraded Topgolf Callaway Brands from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th.

Topgolf Callaway Brands Price Performance

CALY opened at $16.27 on Thursday. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.07. The stock has a market cap of $2.93 billion, a P/E ratio of 116.24 and a beta of 0.96. The business’s fifty day moving average price is $15.05. Topgolf Callaway Brands has a 1 year low of $7.64 and a 1 year high of $18.00.

Topgolf Callaway Brands (NYSE:CALY) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.56 earnings per share (EPS) for the quarter, topping 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 revenue was down 37.1% compared to the same quarter last year. As a group, equities analysts anticipate that Topgolf Callaway Brands will post 0.75 EPS for the current year.

Topgolf Callaway Brands Company Profile

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.