Topgolf Callaway is sized up by analysts after business separation announcement [Seeking Alpha]
Acushnet Holdings Corp. (GOLF)
Last acushnet holdings corp. earnings: 2/27 06:19 am
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US:NASDAQ Investor Relations:
acushnetholdingscorp.com/investors/overview/default.aspx
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Source: Seeking Alpha
Under the plan, Callaway will trade as a golf equipment business with a highly complementary active lifestyle business, while Topgolf will trade as a high-growth, pure-play venue-based golf entertainment business. The company expects to spin off Topgolf, but will also explore other options. Jefferies said the separation plan was not a surprise, and should be considered a positive step forward. However, analyst Randal Konik warned that the need for Callaway to retain all the debt diminishes the value of core Callaway. "Consequently, we don't anticipate significant movement in the stock," he noted. Jefferies continues to favor pure-play Acushnet Holdings ( GOLF ), which benefits from a simpler structure and strong management. Morgan Stanley also took a cautious stance on the deal. Analyst Megan Alexander said it was encouraging to learn that Topgolf will moderate unit growth next year, will have no financial debt, and a $200M cash balance, but Topgolf was noted to still has ~$120 mi
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GOLF
News
- Acushnet Holdings Corp. (NYSE: GOLF) had its price target raised by analysts at Truist Financial Co. from $65.00 to $68.00. They now have a "hold" rating on the stock.MarketBeat
- Acushnet Holdings Corp (GOLF) Q3 2024 Earnings Call Highlights: Strong Growth in Golf Clubs and ... [Yahoo! Finance]Yahoo! Finance
- Acushnet Holdings Corp. Announces Third Quarter 2024 Financial ResultsBusiness Wire
- Earnings To Watch: Acushnet Holdings Corp (GOLF) Reports Q3 2024 Result [Yahoo! Finance]Yahoo! Finance
- Declining Stock and Solid Fundamentals: Is The Market Wrong About Acushnet Holdings Corp. (NYSE:GOLF)? [Yahoo! Finance]Yahoo! Finance
GOLF
Earnings
- 11/8/24 - Beat
GOLF
Sec Filings
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 10/31/24 - Form SC
- GOLF's page on the SEC website