Analysts Set Topgolf Callaway Brands Corp. (NYSE:CALY) PT at $18.25

Topgolf Callaway Brands Corp. (NYSE:CALY) has received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $18.25.

A number of research analysts have issued reports 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. Zacks Research upgraded shares of Topgolf Callaway Brands from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Weiss Ratings raised shares of Topgolf Callaway Brands from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. UBS Group upped their target price on Topgolf Callaway Brands from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Finally, The Goldman Sachs Group initiated coverage on Topgolf Callaway Brands in a research note on Thursday, June 11th. They issued a “neutral” rating and a $17.00 target price for the company.

Topgolf Callaway Brands Stock Performance

Shares of CALY stock opened at $18.36 on Monday. Topgolf Callaway Brands has a fifty-two week low of $8.00 and a fifty-two week high of $19.36. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 131.16 and a beta of 0.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.28 and a quick ratio of 1.44. The business’s 50-day simple moving average is $16.60.

Topgolf Callaway Brands (NYSE:CALY) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.56 EPS 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%. Topgolf Callaway Brands’s revenue was down 37.1% compared to the same quarter last year. As a group, equities analysts forecast that Topgolf Callaway Brands will post 0.75 earnings per share for the current 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.