Topgolf Callaway Brands Corp. (MODG)

NYSE: MODG · IEX Real-Time Price · USD
16.17
+0.35 (2.21%)
Apr 23, 2024, 4:00 PM EDT - Market closed
2.21%
Market Cap 2.97B
Revenue (ttm) 4.28B
Net Income (ttm) 95.00M
Shares Out 183.60M
EPS (ttm) 0.50
PE Ratio 32.34
Forward PE 55.07
Dividend n/a
Ex-Dividend Date n/a
Volume 1,228,428
Open 15.96
Previous Close 15.82
Day's Range 15.89 - 16.29
52-Week Range 9.84 - 22.79
Beta 1.87
Analysts Buy
Price Target 20.10 (+24.3%)
Earnings Date May 7, 2024

About MODG

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. The Golf Equipment segment provides drivers, fairway woods, hybrids, irons, wedges and packaged sets, putters, and pre-owned golf clubs under ... [Read more]

Industry Leisure
IPO Date Feb 27, 1992
Employees 32,000
Stock Exchange NYSE
Ticker Symbol MODG
Full Company Profile

Financial Performance

In 2023, MODG's revenue was $4.28 billion, an increase of 7.24% compared to the previous year's $4.00 billion. Earnings were $95.00 million, a decrease of -39.84%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for MODG stock is "Buy." The 12-month stock price forecast is $20.1, which is an increase of 24.30% from the latest price.

Price Target
$20.1
(24.30% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Topgolf Opens Its Doors in Montebello, California, on May 3

The three-level venue sits adjacent to the fully redesigned Montebello Golf Course DALLAS , April 18, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open in Mont...

5 days ago - PRNewsWire

Topgolf Callaway In Full Swing

With golf season in full swing, The Chart Master is on the tee to look at the technicals on the chart of Topgolf Callaway (MODG). #investing #golf #callawaygolf #masters #topgolf #stockmarket #stocks ...

12 days ago - Schwab Network

Long-Awaited Topgolf Durham Opens Friday, April 12

Topgolf's third North Carolina venue will be located at 4901 Topgolf Way in Durham DALLAS , April 1, 2024 /PRNewswire/ -- At long last, modern golf entertainment leader Topgolf announced today it's op...

22 days ago - PRNewsWire

TOPGOLF CALLAWAY BRANDS SUCCESSFULLY COMPLETES DEBT REPRICING

CARLSBAD, Calif. , March 21, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE: MODG) ("Topgolf Callaway Brands" or the "Company") today announced the repricing of its term loan, thereby loweri...

4 weeks ago - PRNewsWire

TOPGOLF CALLAWAY ISSUES STATEMENT ON RECENT MEDIA REPORTS

CARLSBAD, Calif. , March 20, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE: MODG) ("Topgolf Callaway Brands" or the "Company") today issued the following statement:   While it is our long-s...

4 weeks ago - PRNewsWire

TOPGOLF CALLAWAY BRANDS ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2023 RESULTS

HIGHLIGHTS   Consolidated full year revenue growth of 7%. Consolidated Cash from Operations of $365 million and $221 million of Embedded Cash Flow.1 Topgolf business delivers full year 1% Same Venue S...

2 months ago - PRNewsWire

Topgolf Callaway Brands to Release Fourth Quarter and Full-Year 2023 Financial Results

CARLSBAD, Calif. , Feb. 6, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE: MODG) announced today that it intends to release its fourth quarter an...

2 months ago - PRNewsWire

Callaway Golf Announces New Paradym Ai Smoke Woods and Irons

Real player data combined with revolutionary technology helped create the new Ai Smart Face. Multiple sweet spots across the face are designed to unlock added distance for every player.

3 months ago - PRNewsWire

Callaway Golf Announces New Chrome Tour, Chrome Tour X, and Chrome Soft Golf Balls

CARLSBAD, Calif. , Jan. 3, 2024 /PRNewswire/ -- Today Callaway Golf, one of the industry's leaders in equipment design, performance, and innovation, announced their new line of Chrome Tour, Chrome Tou...

3 months ago - PRNewsWire

Topgolf Breaks Ground in Greensboro, North Carolina

The two-level venue will be located along I-40 at Guilford College Road DALLAS , Dec. 20, 2023 /PRNewswire/ -- Topgolf announced today it recently broke ground on a two-level venue in Greensboro, Nort...

4 months ago - PRNewsWire

Topgolf Little Rock Opens Friday, Dec. 22

Arkansas' second Topgolf venue will be located at 5 Topgolf Way off I-430 at Colonel Glenn Road DALLAS , Dec. 7, 2023 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it's wrap...

4 months ago - PRNewsWire

Callaway vs Titleist's Acushnet: The better golf stock to buy?

Topgolf Callaway Brands (NYSE: MODG) and Acushnet Holdings (NYSE: GOLF) stock prices have diverged in 2023. While GOLF shares have jumped by 35% this year, Callaway's stock is down by almost 30%.

Other symbols: GOLF
4 months ago - Invezz

Uber Technologies, Jabil and Builders FirstSource Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

NEW YORK , Dec. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of tr...

Other symbols: ALKAWIBLDRCYHEQHFIXHLI
5 months ago - PRNewsWire

Topgolf Lafayette Opens Friday, Dec. 15

Louisiana's second Topgolf venue will be located in the Ambassador Town Center approximately 15 minutes from downtown Lafayette DALLAS , Nov. 30, 2023 /PRNewswire/ -- Modern golf entertainment leader ...

5 months ago - PRNewsWire

Topgolf Pompano Beach Grand Opens Friday, Dec. 15

Florida's ninth Topgolf venue will be conveniently located off I-95 at the intersection of Powerline Boulevard and Race Track Road DALLAS , Nov. 30, 2023 /PRNewswire/ -- Modern golf entertainment lead...

5 months ago - PRNewsWire

Topgolf Callaway stock has its worst day in more than 3 years. But analysts say golf equipment's not the problem.

Shares of Topgolf Callaway Brands Corp. on Thursday suffered their worst percentage drop in more than three years, after the golf-equipment and venue giant a day earlier cut its full-year outlook and ...

5 months ago - Market Watch

Topgolf Stock Sinks. Blame Rough Guidance.

Chief Executive Officer Chip Brewer says the company is "taking decisive action" to cut costs.

5 months ago - Barrons

Topgolf Callaway Brands shares tumble after cut to full-year forecast

Shares of Topgolf Callaway Brands slid 19% after hours on Wednesday after the golf-equipment and entertainment company cut its full-year sales and profit outlook and offered a weak fourth-quarter sale...

5 months ago - Market Watch

TOPGOLF CALLAWAY BRANDS ANNOUNCES THIRD QUARTER 2023 RESULTS

HIGHLIGHTS   Topgolf continues to drive efficiencies and delivered strong venue-level margins. On-course golf participation and engagement remain strong; and Callaway sustained its strong U.S. market ...

5 months ago - PRNewsWire

Topgolf Mobile Opens Friday, Nov. 17

Alabama's third Topgolf venue will be located near the intersection of I-65 and Government Boulevard in the McGowan Park Shopping Center DALLAS , Nov. 2, 2023 /PRNewswire/ -- Modern golf entertainment...

6 months ago - PRNewsWire

Odyssey Golf Announces New Ai-ONE and Ai-ONE Milled Putters

CARLSBAD, Calif. , Nov. 1, 2023 /PRNewswire/ -- Today Odyssey Golf, an industry leader in putter innovation and the #1 Putter on Tour, announced its exceptional new lineup of Ai-ONE and Ai-ONE Milled ...

6 months ago - PRNewsWire

TOPGOLF CALLAWAY ACQUIRES BIGSHOTS GOLF, STRENGTHENING ITS LEADERSHIP IN OFF-COURSE GOLF

CARLSBAD, Calif. , Nov. 1, 2023 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE: MODG) (the "Company" or "Topgolf Callaway Brands") announced today that it has purchased certain assets from Invite...

6 months ago - PRNewsWire

Topgolf Callaway Brands to Release Third Quarter 2023 Financial Results

CARLSBAD, Calif. , Oct. 31, 2023 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE: MODG) announced today that it intends to release its third quarter 20...

6 months ago - PRNewsWire

Topgolf Venue No. 4 for Tennessee with the Oct. 27 Opening in Memphis

Located at 3450 S. Germantown Road, the venue is about 20 minutes from downtown Memphis DALLAS , Oct. 23, 2023 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open its...

6 months ago - PRNewsWire

Calling All Townies, Visitors and Everyone in Between: Topgolf Boston-Canton Opens Nov. 3

The state's first Topgolf venue will be located at 777 Dedham St. in Canton DALLAS , Oct. 19, 2023 /PRNewswire/ -- Modern golf entertainment leader  Topgolf announced today it will open its first Mass...

6 months ago - PRNewsWire