Roth Capital Issues Negative Forecast for MODG Earnings

Topgolf Callaway Brands Corp. (NYSE:MODG) – Equities research analysts at Roth Capital decreased their Q2 2025 earnings estimates for shares of Topgolf Callaway Brands in a research note issued on Tuesday, May 13th. Roth Capital analyst G. Kelly now expects that the company will earn $0.02 per share for the quarter, down from their prior estimate of $0.08. The consensus estimate for Topgolf Callaway Brands’ current full-year earnings is $0.16 per share. Roth Capital also issued estimates for Topgolf Callaway Brands’ Q3 2025 earnings at ($0.23) EPS, Q4 2025 earnings at ($0.43) EPS, FY2025 earnings at ($0.53) EPS, Q1 2026 earnings at $0.00 EPS, Q2 2026 earnings at $0.04 EPS, Q3 2026 earnings at ($0.26) EPS, Q4 2026 earnings at ($0.47) EPS and FY2026 earnings at ($0.69) EPS.

A number of other brokerages have also recently weighed in on MODG. Truist Financial cut their price objective on shares of Topgolf Callaway Brands from $12.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Roth Mkm reaffirmed a “buy” rating and issued a $11.00 price target (down from $16.00) on shares of Topgolf Callaway Brands in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price objective on Topgolf Callaway Brands from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.00.

Topgolf Callaway Brands Stock Up 0.6%

MODG stock opened at $6.62 on Thursday. The firm has a 50 day simple moving average of $6.50 and a 200-day simple moving average of $7.53. Topgolf Callaway Brands has a twelve month low of $5.42 and a twelve month high of $16.89. The company has a market capitalization of $1.22 billion, a P/E ratio of -82.74 and a beta of 1.25. The company has a current ratio of 1.93, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37.

Topgolf Callaway Brands (NYSE:MODG) last posted its earnings results on Monday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.15. Topgolf Callaway Brands had a negative net margin of 0.29% and a positive return on equity of 1.20%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company earned $0.08 EPS. The company’s revenue was down 4.5% on a year-over-year basis.

Insiders Place Their Bets

In related news, Director Russell L. Fleischer acquired 30,000 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The shares were purchased at an average price of $6.41 per share, for a total transaction of $192,300.00. Following the completion of the acquisition, the director now owns 116,187 shares in the company, valued at approximately $744,758.67. This represents a 34.81% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Oliver G. Brewer III acquired 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The stock was bought at an average price of $6.40 per share, for a total transaction of $128,000.00. Following the acquisition, the chief executive officer now owns 1,009,297 shares of the company’s stock, valued at approximately $6,459,500.80. This trade represents a 2.02% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.

Institutional Trading of Topgolf Callaway Brands

A number of hedge funds have recently made changes to their positions in MODG. Tidal Investments LLC increased its stake in Topgolf Callaway Brands by 35.7% in the 3rd quarter. Tidal Investments LLC now owns 22,302 shares of the company’s stock worth $245,000 after buying an additional 5,862 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Topgolf Callaway Brands by 7.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 37,329 shares of the company’s stock worth $293,000 after acquiring an additional 2,712 shares in the last quarter. SG Americas Securities LLC purchased a new position in Topgolf Callaway Brands in the fourth quarter worth about $433,000. Requisite Capital Management LLC purchased a new position in Topgolf Callaway Brands in the fourth quarter worth about $2,426,000. Finally, KBC Group NV grew its position in Topgolf Callaway Brands by 81.8% in the fourth quarter. KBC Group NV now owns 8,330 shares of the company’s stock worth $65,000 after acquiring an additional 3,749 shares in the last quarter. 84.69% of the stock is owned by institutional investors.

Topgolf Callaway Brands Company Profile

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game.