The closing price of Topgolf Callaway Brands Corp (NYSE: MODG) was $16.23 for the day, down -1.58% from the previous closing price of $16.49. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 1636318 shares were traded.
Ratios:
Our analysis of MODG’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3.03B and an Enterprise Value of 6.71B. As of this moment, Topgolf’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.50, and their Forward P/E ratio for the next fiscal year is 36.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.70 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 1.57 whereas that against EBITDA is 13.84.
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 14.63, while the 200-Day Moving Average is calculated to be 15.06.
Shares Statistics:
MODG traded an average of 2.70M shares per day over the past three months and 2.08M shares per day over the past ten days. A total of 183.70M shares are outstanding, with a floating share count of 139.18M. 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 Mar 28, 2024 were 14.51M with a Short Ratio of 5.37, compared to 15.99M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.90% and a Short% of Float of 10.33%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.24.
Earnings Estimates
The firm’s stock currently is rated by 7 analysts. 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
It is expected that $90B in revenue will be generated in the current quarter, according to 11 analysts. 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.
