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

Shares of Topgolf Callaway Brands Corp. (NYSE:CALY) have earned a consensus rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation. The average 12-month price objective among brokers that have covered the stock in the last year is $16.3333.

A number of equities research analysts recently issued reports on CALY shares. Wall Street Zen upgraded Topgolf Callaway Brands from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 price objective on shares of Topgolf Callaway Brands in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on Topgolf Callaway Brands from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings upgraded Topgolf Callaway Brands from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Finally, UBS Group boosted their price objective 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.

Topgolf Callaway Brands Stock Performance

Shares of Topgolf Callaway Brands stock opened at $16.27 on Thursday. Topgolf Callaway Brands has a 52-week low of $7.64 and a 52-week high of $18.00. The firm has a 50-day moving average price of $15.05. The company has a market cap of $2.93 billion, a PE ratio of 116.24 and a beta of 0.96. 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 (NYSE:CALY) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.56 earnings per share (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 quarterly revenue was down 37.1% on a year-over-year basis. Equities research analysts forecast that Topgolf Callaway Brands will post 0.75 EPS for the current fiscal year.

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.