Roth Capital Has Negative Forecast for MODG Q2 Earnings

Topgolf Callaway Brands Corp. (NYSE:MODG) – Analysts at Roth Capital reduced their Q2 2025 EPS estimates for shares of Topgolf Callaway Brands in a research note issued to investors on Thursday, November 14th. Roth Capital analyst G. Kelly now expects that the company will earn $0.14 per share for the quarter, down from their previous forecast of $0.17. The consensus estimate for Topgolf Callaway Brands’ current full-year earnings is $0.17 per share.

MODG has been the topic of a number of other research reports. Raymond James cut Topgolf Callaway Brands from an “outperform” rating to an “underperform” rating in a report on Friday, August 23rd. Roth Mkm reaffirmed a “buy” rating and issued a $16.00 price objective (down previously from $17.00) on shares of Topgolf Callaway Brands in a research note on Thursday, November 14th. Jefferies Financial Group downgraded shares of Topgolf Callaway Brands from a “buy” rating to a “hold” rating and cut their target price for the stock from $40.00 to $12.00 in a research report on Thursday, August 29th. KeyCorp cut shares of Topgolf Callaway Brands from an “overweight” rating to a “sector weight” rating in a research report on Thursday, August 8th. Finally, Truist Financial cut their price target on shares of Topgolf Callaway Brands from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.92.

Topgolf Callaway Brands Stock Down 4.4 %

Shares of NYSE:MODG opened at $8.17 on Monday. Topgolf Callaway Brands has a 52-week low of $8.16 and a 52-week high of $16.89. The company has a market capitalization of $1.50 billion, a PE ratio of -102.05, a price-to-earnings-growth ratio of 5.39 and a beta of 1.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.93. The company has a fifty day moving average of $10.02 and a 200-day moving average of $12.72.

Institutional Investors Weigh In On Topgolf Callaway Brands

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Topgolf Callaway Brands by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 15,484,400 shares of the company’s stock worth $250,383,000 after buying an additional 81,021 shares during the period. Dimensional Fund Advisors LP raised its position in Topgolf Callaway Brands by 21.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,646,731 shares of the company’s stock valued at $132,296,000 after buying an additional 1,549,222 shares during the last quarter. Leonard Green & Partners L.P. bought a new position in Topgolf Callaway Brands during the 2nd quarter valued at $97,173,000. Geode Capital Management LLC boosted its holdings in Topgolf Callaway Brands by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,255,232 shares of the company’s stock worth $35,749,000 after acquiring an additional 22,003 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Topgolf Callaway Brands by 60.8% in the 2nd quarter. American Century Companies Inc. now owns 3,178,681 shares of the company’s stock worth $48,634,000 after acquiring an additional 1,202,347 shares in the last quarter. 84.69% of the stock is currently owned by institutional investors.

About Topgolf Callaway Brands

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game.