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

Shares of Topgolf Callaway Brands Corp. (NYSE:CALY) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $18.25.

CALY has been the topic of several analyst reports. The Goldman Sachs Group began coverage on shares of Topgolf Callaway Brands in a research note on Thursday, June 11th. They set a “neutral” rating and a $17.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Topgolf Callaway Brands to $18.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Wall Street Zen upgraded shares of Topgolf Callaway Brands from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Truist Financial lifted their target price on shares of Topgolf Callaway Brands to $19.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Finally, Zacks Research upgraded Topgolf Callaway Brands from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th.

Topgolf Callaway Brands Stock Up 1.4%

CALY opened at $18.49 on Friday. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 132.09 and a beta of 0.92. Topgolf Callaway Brands has a 52 week low of $8.00 and a 52 week high of $20.28. The firm’s fifty day moving average is $17.51.

Topgolf Callaway Brands (NYSE:CALY) last announced its earnings results on Thursday, May 7th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was down 37.1% compared to the same quarter last year. As a group, equities 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.