FY2026 Earnings Forecast for MODG Issued By KeyCorp

Topgolf Callaway Brands Corp. (NYSE:MODG) – Investment analysts at KeyCorp issued their FY2026 earnings estimates for Topgolf Callaway Brands in a report issued on Wednesday, April 16th. KeyCorp analyst N. Zatzkin forecasts that the company will post earnings of ($0.50) per share for the year. The consensus estimate for Topgolf Callaway Brands’ current full-year earnings is $0.16 per share.

Topgolf Callaway Brands (NYSE:MODG) last announced its earnings results on Monday, February 24th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.07. The firm had revenue of $924.40 million for the quarter, compared to analysts’ expectations of $1.13 billion. Topgolf Callaway Brands had a negative net margin of 0.29% and a positive return on equity of 1.20%.

Other analysts also recently issued reports about the company. Roth Mkm restated 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. JPMorgan Chase & Co. dropped their price target on shares of Topgolf Callaway Brands from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Truist Financial reduced 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 report on Monday, April 14th. Finally, Jefferies Financial Group upgraded Topgolf Callaway Brands from a “hold” rating to a “buy” rating and boosted their target price for the company from $11.00 to $13.00 in a research report on Thursday, January 2nd. 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Topgolf Callaway Brands Price Performance

NYSE:MODG opened at $6.15 on Friday. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -76.80 and a beta of 1.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.93 and a quick ratio of 1.14. The business has a 50 day simple moving average of $6.48 and a 200-day simple moving average of $7.98. Topgolf Callaway Brands has a 1 year low of $5.42 and a 1 year high of $16.89.

Institutional Investors Weigh In On Topgolf Callaway Brands

Several hedge funds have recently modified their holdings of the business. Asset Planning Inc bought a new position in Topgolf Callaway Brands in the fourth quarter worth approximately $33,000. Sterling Capital Management LLC increased its holdings in shares of Topgolf Callaway Brands by 821.5% in the 4th quarter. Sterling Capital Management LLC now owns 4,543 shares of the company’s stock valued at $36,000 after acquiring an additional 4,050 shares during the period. KBC Group NV raised its position in shares of Topgolf Callaway Brands by 81.8% in the 4th 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. Covestor Ltd lifted its stake in shares of Topgolf Callaway Brands by 147.2% during the 4th quarter. Covestor Ltd now owns 9,286 shares of the company’s stock worth $73,000 after purchasing an additional 5,530 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC bought a new stake in Topgolf Callaway Brands during the first quarter valued at about $66,000. Hedge funds and other institutional investors own 84.69% of the company’s stock.

About Topgolf Callaway Brands

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.