Brokerages forecast that MCBC Holdings (NASDAQ:MCFT) will report $0.51 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for MCBC’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.52. MCBC reported earnings of $0.35 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 45.7%. The business is expected to issue its next earnings report on Thursday, September 6th.
On average, analysts expect that MCBC will report full year earnings of $1.92 per share for the current fiscal year, with EPS estimates ranging from $1.84 to $1.95. For the next year, analysts expect that the company will post earnings of $2.27 per share, with EPS estimates ranging from $2.05 to $2.42. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for MCBC.
MCBC (NASDAQ:MCFT) last posted its quarterly earnings results on Thursday, May 10th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.09. MCBC had a return on equity of 130.22% and a net margin of 11.10%. The firm had revenue of $93.80 million during the quarter, compared to the consensus estimate of $88.76 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm’s quarterly revenue was up 60.3% compared to the same quarter last year.
A number of research firms have issued reports on MCFT. Zacks Investment Research raised MCBC from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, February 14th. Robert W. Baird increased their price target on MCBC from $24.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. BidaskClub raised MCBC from a “sell” rating to a “hold” rating in a research note on Saturday, January 20th. ValuEngine raised MCBC from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, B. Riley reaffirmed a “buy” rating on shares of MCBC in a research note on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $28.06.
Several large investors have recently made changes to their positions in MCFT. BlackRock Inc. increased its position in MCBC by 54.7% during the fourth quarter. BlackRock Inc. now owns 2,387,378 shares of the company’s stock worth $53,046,000 after buying an additional 843,953 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of MCBC by 34.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,209,000 shares of the company’s stock valued at $26,864,000 after acquiring an additional 310,900 shares during the last quarter. Millennium Management LLC raised its stake in shares of MCBC by 186.9% in the first quarter. Millennium Management LLC now owns 393,045 shares of the company’s stock valued at $9,905,000 after acquiring an additional 256,038 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of MCBC by 212.7% in the first quarter. Dimensional Fund Advisors LP now owns 297,377 shares of the company’s stock valued at $7,494,000 after acquiring an additional 202,284 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of MCBC by 663.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 228,382 shares of the company’s stock valued at $5,075,000 after acquiring an additional 198,482 shares during the last quarter. Institutional investors own 93.38% of the company’s stock.
MCFT stock traded up $0.26 during trading on Monday, reaching $30.56. 300 shares of the stock traded hands, compared to its average volume of 175,831. MCBC has a 52-week low of $29.28 and a 52-week high of $30.39. The company has a current ratio of 0.70, a quick ratio of 0.23 and a debt-to-equity ratio of 2.07. The company has a market cap of $540.76 million, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14.
MCBC Company Profile
MCBC Holdings, Inc, through its subsidiaries, innovates, designs, manufactures, and markets recreational sport boats in North America and internationally. The company offers recreational performance sport boats, which are primarily used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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