MCBC Holdings Inc (NASDAQ:MCFT) – Research analysts at B. Riley cut their Q2 2018 EPS estimates for shares of MCBC in a research report issued to clients and investors on Monday. B. Riley analyst E. Wold now forecasts that the company will post earnings per share of $0.30 for the quarter, down from their prior forecast of $0.31. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for MCBC’s Q3 2019 earnings at $0.50 EPS and Q4 2019 earnings at $0.53 EPS.
Several other brokerages have also recently issued reports on MCFT. ValuEngine cut shares of MCBC from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub downgraded shares of MCBC from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. Robert W. Baird reiterated a “buy” rating on shares of MCBC in a research report on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of MCBC from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Thursday, November 9th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $26.33.
Shares of MCBC (NASDAQ:MCFT) traded down $0.42 during mid-day trading on Tuesday, reaching $23.75. 15,634 shares of the company traded hands, compared to its average volume of 154,339. MCBC has a 52 week low of $13.94 and a 52 week high of $24.89. The company has a quick ratio of 0.51, a current ratio of 0.78 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $449.03, a PE ratio of 21.66, a P/E/G ratio of 1.02 and a beta of 1.25.
MCBC (NASDAQ:MCFT) last issued its earnings results on Friday, November 10th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. MCBC had a net margin of 8.43% and a return on equity of 213.34%. The company had revenue of $65.00 million for the quarter, compared to analysts’ expectations of $62.84 million. During the same quarter last year, the company posted $0.41 earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC raised its position in MCBC by 43.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 47,500 shares of the company’s stock worth $1,055,000 after acquiring an additional 14,400 shares during the period. Chicago Equity Partners LLC raised its position in MCBC by 7.2% in the fourth quarter. Chicago Equity Partners LLC now owns 86,590 shares of the company’s stock worth $1,924,000 after acquiring an additional 5,840 shares during the period. First Quadrant L P CA raised its position in MCBC by 52.2% in the fourth quarter. First Quadrant L P CA now owns 72,980 shares of the company’s stock worth $1,622,000 after acquiring an additional 25,038 shares during the period. Bowling Portfolio Management LLC bought a new position in MCBC in the fourth quarter worth approximately $1,853,000. Finally, Acadian Asset Management LLC bought a new position in MCBC in the fourth quarter worth approximately $794,000. Institutional investors and hedge funds own 96.63% of the company’s stock.
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MCBC Company Profile
MCBC Holdings, Inc (MCBC) is a holding company. The Company is a designer and manufacturer of inboard tournament ski boats and V-drive runabouts under the MasterCraft brand. The Company operates through two segments: MasterCraft and Hydra-Sports. The MasterCraft product brand consists of recreational performance boats primarily used for water skiing, wakeboarding and wake surfing, and general recreational boating.
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