Topgolf Callaway Brands Stock Price Today (NYSE: MODG) Quote, Market Cap, Chart (2024)

FAQs

Topgolf Callaway Brands Stock Price Today (NYSE: MODG) Quote, Market Cap, Chart? ›

Topgolf Callaway Brands market cap as of April 19, 2024 is $2.86B.

Topgolf Callaway Brands market cap as of April 19, 2024 is $2.86B.

Topgolf Callaway Brands Corp MODG:NYSE.

The consensus among 8 Wall Street analysts covering (NYSE: MODG) stock is to Buy MODG stock.

What are analysts forecasts for Callaway Golf stock? The 18 analysts offering price forecasts for Callaway Golf have a median target of 22.86, with a high estimate of 36.00 and a low estimate of 10.00. The median estimate represents a 68.50 difference from the last price of 15.66.

Topgolf Callaway's 2023 sales are up 7.2 percent over 2022. Topgolf, Golf Equipment and Active Lifestyle segments all top $1 billion in sales. Topgolf is the largest revenue creator at $1.76 billion. Net profits for 2023 are $95 million, down 40 percent from 2022.

Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. Topgolf Callaway Brands net profit margin as of December 31, 2023 is 2.22%.

Topgolf Callaway Brands's analyst rating consensus is a Moderate Buy. This is based on the ratings of 12 Wall Streets Analysts.

Callaway Golf's analyst rating consensus is a Moderate Buy. This is based on the ratings of 2 Wall Streets Analysts.

Callaway bought Topgolf for $2.6 billion in a deal that closed in March 2021. Topgolf has around 70 venues, with plans to open 11 per year for the next five years. Callaway's strategy focuses on making golf accessible to a broader population that may not have the time or money to take up traditional golf.

Why is MODG stock falling? ›

NYSE: MODG

For the fourth quarter, management expects revenue to fall from $847 million to $872 million, well short of the $1.01 billion that analysts were expecting. And it's this guidance figure that had investors selling the stock this morning.

Key Takeaways. Stocks offer the potential for higher returns than bonds but also come with higher risks. Bonds generally offer fairly reliable returns and are better suited for risk-averse investors.

Analyst Ratings

According to 1 stock analyst, the rating for My Size is "Strong Buy".

Stock does not pay a dividend. 0.0% short interest. Low controversy.

The current TTM dividend payout for Topgolf Callaway Brands (MODG) as of April 11, 2024 is $0.00. The current dividend yield for Topgolf Callaway Brands as of April 11, 2024 is 0.00%.

Common Stock (MODG)

How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Topgolf Callaway Brands net worth as of April 19, 2024 is $2.86B.

Callaway merged with Topgolf in March of 2021 (it already owned a 20 percent stake), and rebranded itself as Topgolf Callaway. The deal was worth a reported $2 billion.

Topgolf venues have about $17.5 million in annual revenue per location. But the concept is still relatively young, and fixed costs for facilities like these are high. In short, it needs this high revenue per location in order to do well.

Topgolf now generates $1.5 billion in annual revenue — a 16% CAGR over the last five years — and the brand accounted for 39% of Callaway's $3.99 billion in 2022 revenue.