Topgolf Callaway Brands (NYSE:CALY) Issues Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Posted by George Bondi on Nov 5th, 2026

Topgolf Callaway Brands (NYSE:CALY – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.11, FiscalAI reports. Topgolf Callaway Brands had a return on equity of 5.86% and a net margin of 3.37%. The company had revenue of $436.90 million during the quarter.

Topgolf Callaway Brands Stock Performance

Topgolf Callaway Brands stock traded down $0.64 during midday trading on Thursday, hitting $15.96. 2,339,436 shares of the company’s stock were exchanged, compared to its average volume of 2,497,832. Topgolf Callaway Brands has a 52-week low of $9.16 and a 52-week high of $20.28. The stock has a 50-day moving average price of $14.75 and a two-hundred day moving average price of $15.66. The company has a market cap of $2.85 billion, a P/E ratio of 37.11 and a beta of 0.98.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CALY shares. Zacks Research upgraded shares of Topgolf Callaway Brands from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. The Goldman Sachs Group upped their price target on shares of Topgolf Callaway Brands from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. UBS Group dropped their price target on shares of Topgolf Callaway Brands from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, September 14th. Truist Financial raised their price objective on shares of Topgolf Callaway Brands from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, September 1st. Finally, B. Riley Financial reiterated a “buy” rating and issued a $23.00 price objective (up from $19.00) on shares of Topgolf Callaway Brands in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.83.

View Our Latest Report on CALY

Insider Buying and Selling at Topgolf Callaway Brands

In other news, CEO Oliver Brewer, III sold 1,400 shares of Topgolf Callaway Brands stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $18.00, for a total transaction of $25,200.00. Following the completion of the sale, the chief executive officer owned 200,983 shares in the company, valued at approximately $3,617,694. This trade represents a 0.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Park National Corp OH increased its stake in Topgolf Callaway Brands by 6.9% in the third quarter. Park National Corp OH now owns 12,244 shares of the company’s stock valued at $173,000 after acquiring an additional 792 shares during the last quarter. Kestra Advisory Services LLC raised its position in Topgolf Callaway Brands by 4.5% during the third quarter. Kestra Advisory Services LLC now owns 24,965 shares of the company’s stock valued at $352,000 after purchasing an additional 1,086 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in Topgolf Callaway Brands by 2.3% during the third quarter. Illinois Municipal Retirement Fund now owns 71,653 shares of the company’s stock valued at $1,010,000 after purchasing an additional 1,598 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Topgolf Callaway Brands during the second quarter worth about $31,000. Finally, ProShare Advisors LLC lifted its stake in Topgolf Callaway Brands by 8.9% during the third quarter. ProShare Advisors LLC now owns 21,865 shares of the company’s stock worth $308,000 after purchasing an additional 1,778 shares during the last quarter. 84.69% of the stock is currently owned by institutional investors.

About Topgolf Callaway Brands

(Get Free Report)

Topgolf Callaway Brands is a golf and active-lifestyle company formed through Callaway Golf Company’s acquisition of Topgolf, which was completed in 2021. The company has combined traditional golf equipment and apparel operations with Topgolf’s technology-enabled entertainment venues.

Its golf portfolio has included Callaway and Odyssey golf clubs, golf balls, wedges, putters and accessories, along with apparel and lifestyle products sold under brands such as TravisMathew and OGIO. Topgolf venues provide golf entertainment, food and beverage service, event hosting and digitally supported play for both experienced golfers and newcomers.

Based in Carlsbad, California, the company has served customers through sporting-goods retailers, specialty golf shops, mass merchants, e-commerce platforms and direct-to-consumer channels.