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

Shares of Topgolf Callaway Brands Corp. (NYSE:CALY) have earned a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $17.25.

A number of equities analysts have commented on CALY shares. Weiss Ratings upgraded Topgolf Callaway Brands from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. UBS Group lifted their target price on 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. boosted their price objective on Topgolf Callaway Brands to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Wall Street Zen upgraded Topgolf Callaway Brands from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Truist Financial boosted their price objective on Topgolf Callaway Brands to $19.00 and gave the stock a “buy” rating in a research report on Monday.

Topgolf Callaway Brands Stock Up 2.5%

Shares of CALY stock opened at $17.23 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.44 and a current ratio of 2.28. The company has a 50 day moving average of $15.36. Topgolf Callaway Brands has a 52 week low of $7.84 and a 52 week high of $18.00. The firm has a market capitalization of $3.10 billion, a P/E ratio of 123.11 and a beta of 0.96.

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