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

Shares of Topgolf Callaway Brands Corp. (NYSE:CALY) have been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $18.25.

A number of analysts have recently commented on CALY shares. The Goldman Sachs Group started coverage on Topgolf Callaway Brands in a report on Thursday, June 11th. They issued a “neutral” rating and a $17.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on Topgolf Callaway Brands to $18.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Zacks Research raised Topgolf Callaway Brands from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. UBS Group increased their price target on Topgolf Callaway Brands from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Finally, Weiss Ratings raised shares of Topgolf Callaway Brands from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th.

Topgolf Callaway Brands Stock Performance

NYSE:CALY opened at $18.36 on Monday. The firm has a market cap of $3.30 billion, a P/E ratio of 131.16 and a beta of 0.92. 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 stock’s fifty day moving average price is $16.60. Topgolf Callaway Brands has a 52-week low of $8.00 and a 52-week high of $19.36.

Topgolf Callaway Brands (NYSE:CALY) last released its earnings results on Thursday, May 7th. The company reported $0.56 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 company’s revenue for the quarter was down 37.1% compared to the same quarter last year. On average, equities analysts predict 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.