Topgolf Callaway Brands (NYSE:MODG – Get Free Report) issued its earnings results on Wednesday. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08, Briefing.com reports. Topgolf Callaway Brands had a return on equity of 2.39% and a net margin of 2.22%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted $0.17 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year.
Topgolf Callaway Brands Stock Down 6.8 %
NYSE:MODG traded down $1.11 on Thursday, hitting $15.24. 2,916,337 shares of the company’s stock were exchanged, compared to its average volume of 2,443,380. The firm has a 50-day moving average price of $15.47 and a 200-day moving average price of $14.07. Topgolf Callaway Brands has a 52 week low of $9.84 and a 52 week high of $20.75. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.72 and a quick ratio of 0.88. The company has a market cap of $2.80 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 1.67 and a beta of 1.84.
Insider Activity
In other news, Director Erik J. Anderson sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $14.55, for a total value of $72,750.00. Following the completion of the sale, the director now owns 777,959 shares of the company’s stock, valued at $11,319,303.45. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Topgolf Callaway Brands news, Director Erik J. Anderson sold 2,028 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $14.79, for a total transaction of $29,994.12. Following the completion of the transaction, the director now owns 2,242 shares in the company, valued at approximately $33,159.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Erik J. Anderson sold 5,000 shares of Topgolf Callaway Brands stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $14.55, for a total transaction of $72,750.00. Following the transaction, the director now directly owns 777,959 shares of the company’s stock, valued at approximately $11,319,303.45. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on MODG
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.
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