In the latest trading session, 0.46 million Topgolf Callaway Brands Corp (NYSE:MODG) shares changed hands as the company’s beta touched 1.70. With the company’s most recent per share price at $8.30 changed hands at -$0.26 or -3.00% at last look, the market valuation stands at $1.53B. MODG’s current price is a discount, trading about -103.49% off its 52-week high of $16.89. The share price had its 52-week low at $7.95, which suggests the last value was 4.22% up since then. When we look at Topgolf Callaway Brands Corp’s average trading volume, we note the 10-day average is 2.28 million shares, with the 3-month average coming to 2.80 million.
Analysts gave the Topgolf Callaway Brands Corp (MODG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.75. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended MODG as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Topgolf Callaway Brands Corp’s EPS for the current quarter is expected to be -0.41.
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Topgolf Callaway Brands Corp (NYSE:MODG) trade information
Instantly MODG was in red as seen in intraday trades today. With action -6.18%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -42.10%, with the 5-day performance at -6.18% in the red. However, in the 30-day time frame, Topgolf Callaway Brands Corp (NYSE:MODG) is -15.19% down. Looking at the short shares, we see there were 15.73 million shares sold at short interest cover period of 6.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is 16.5, meaning bulls need an upside of 49.7% from its recent market value. According to analyst projections, MODG’s forecast low is 12 with 44 as the target high. To hit the forecast high, the stock’s price needs a -430.12% plunge from its current level, while the stock would need to soar -44.58% for it to hit the projected low.
Topgolf Callaway Brands Corp (MODG) estimates and forecasts
Data shows that the Topgolf Callaway Brands Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -46.36% over the past 6 months, a -65.31% in annual growth rate that is considerably lower than the industry average of 2.70%. Year-over-year growth is forecast to reach -1.98% down from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 885.46M. 10 analysts are of the opinion that Topgolf Callaway Brands Corp’s revenue for the current quarter will be 1.17B. The company’s revenue for the corresponding quarters a year ago was 897.1M and 1.14B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.30%. The estimates for the next quarter sales put growth at 2.39%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -15.21%. The 2024 estimates are for Topgolf Callaway Brands Corp earnings to decrease by -72.91%.
MODG Dividends
Topgolf Callaway Brands Corp is expected to release its next quarterly earnings report in January. During the past 5 years, the average dividend yield was 0.24 per year.
Topgolf Callaway Brands Corp (NYSE:MODG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.84% of Topgolf Callaway Brands Corp shares while 89.61% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 101.65%. There are 89.61% institutions holding the Topgolf Callaway Brands Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 12.0249% of the shares, roughly 22.09 million MODG shares worth $337.97 million.
PROVIDENCE EQUITY PARTNERS L.L.C. holds the second largest percentage of outstanding shares, with 11.5271% or 21.18 million shares worth $323.98 million as of 2024-06-30.
Among Mutual Funds, the top two as of Aug 31, 2024 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 9.51 shares estimated at $78.99 million under it, the former controlled 5.17% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.40% of the shares, roughly 4.4 shares worth around $36.57 million.
