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

Topgolf Callaway Brands Corp. (NYSE:CALY) has been given a consensus recommendation of “Hold” by the six research firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $18.25.

Several equities analysts have recently weighed in on CALY shares. Wall Street Zen upgraded shares of Topgolf Callaway Brands from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Topgolf Callaway Brands from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. upped their target price on shares of Topgolf Callaway Brands to $18.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. UBS Group lifted their price target on shares of Topgolf Callaway Brands from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Finally, The Goldman Sachs Group initiated coverage on shares of Topgolf Callaway Brands in a research report on Thursday, June 11th. They set a “neutral” rating and a $17.00 price objective for the company.

Topgolf Callaway Brands Price Performance

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

Topgolf Callaway Brands (NYSE:CALY) last posted its earnings results 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 return on equity of 4.44% and a net margin of 1.05%.Topgolf Callaway Brands’s quarterly revenue was down 37.1% compared to the same quarter last year. 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.