The price of Topgolf Callaway Brands Corp (NYSE: MODG) closed at $15.58 in the last session, down -0.51% from day before closing price of $15.66. In other words, the price has decreased by -$0.08 from its previous closing price. On the day, 3424354 shares were traded. MODG stock price reached its highest trading level at $15.75 during the session, while it also had its lowest trading level at $15.21.
Ratios:
We take a closer look at MODG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.88 and its Current Ratio is at 1.72. In the meantime, Its Debt-to-Equity ratio is 1.12 whereas as Long-Term Debt/Eq ratio is at 1.09.
On November 09, 2023, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $23 to $13.
On September 27, 2023, Morgan Stanley started tracking the stock assigning a Underweight rating and target price of $12.Morgan Stanley initiated its Underweight rating on September 27, 2023, with a $12 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 20 ’24 when ANDERSON ERIK J sold 5,000 shares for $14.55 per share. The transaction valued at 72,750 led to the insider holds 777,959 shares of the business.
ANDERSON ERIK J sold 2,028 shares of MODG for $29,994 on Feb 16 ’24. The Director now owns 2,242 shares after completing the transaction at $14.79 per share. On Feb 15 ’24, another insider, ANDERSON ERIK J, who serves as the Director of the company, sold 10,000 shares for $15.12 each. As a result, the insider received 151,200 and left with 782,959 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MODG now has a Market Capitalization of 2.86B and an Enterprise Value of 6.54B. As of this moment, Topgolf’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.03, and their Forward P/E ratio for the next fiscal year is 35.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.67 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at 1.53 whereas that against EBITDA is 13.49.
Stock Price History:
Over the past 52 weeks, MODG has reached a high of $23.01, while it has fallen to a 52-week low of $9.84. The 50-Day Moving Average of the stock is 14.08, while the 200-Day Moving Average is calculated to be 15.27.
Shares Statistics:
According to the various share statistics, MODG traded on average about 2.81M shares per day over the past 3-months and 3.78M shares per day over the past 10 days. A total of 183.70M shares are outstanding, with a floating share count of 139.53M. Insiders hold about 24.00% of the company’s shares, while institutions hold 73.94% stake in the company. Shares short for MODG as of Feb 29, 2024 were 15.99M with a Short Ratio of 5.69, compared to 18.06M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.71% and a Short% of Float of 11.39%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.24.
Earnings Estimates
The company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0.04 and a low estimate of -$0.03, while EPS last year was $0.17. The consensus estimate for the next quarter is $0.33, with high estimates of $0.44 and low estimates of $0.25.
Analysts are recommending an EPS of between $0.35 and $0.24 for the fiscal current year, implying an average EPS of $0.29. EPS for the following year is $0.43, with 10 analysts recommending between $0.69 and $0.25.
Revenue Estimates
According to 11 analysts, the current quarter’s revenue is expected to be $1.15B. It ranges from a high estimate of $1.18B to a low estimate of $1.15B. As of the current estimate, Topgolf Callaway Brands Corp’s year-ago sales were $1.14B, an estimated increase of 1.60% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $1.25B, an increase of 5.30% over than the figure of $1.60% in the same quarter last year. There is a high estimate of $1.27B for the next quarter, whereas the lowest estimate is $1.24B.
A total of 12 analysts have provided revenue estimates for MODG’s current fiscal year. The highest revenue estimate was $4.55B, while the lowest revenue estimate was $4.45B, resulting in an average revenue estimate of $4.52B. In the same quarter a year ago, actual revenue was $4.28B, up 5.50% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $4.84B in the next fiscal year. The high estimate is $4.95B and the low estimate is $4.72B. The average revenue growth estimate for next year is up 7.20% from the average revenue estimate for this year.
