Equities analysts expect MCBC Holdings Inc (NASDAQ:MCFT) to post sales of $89.74 million for the current quarter, according to Zacks. Six analysts have issued estimates for MCBC’s earnings. The lowest sales estimate is $88.60 million and the highest is $91.96 million. MCBC posted sales of $58.33 million during the same quarter last year, which suggests a positive year-over-year growth rate of 53.8%. The business is expected to announce its next earnings results on Thursday, September 6th.
On average, analysts expect that MCBC will report full-year sales of $327.02 million for the current fiscal year, with estimates ranging from $325.90 million to $329.26 million. For the next year, analysts forecast that the firm will report sales of $373.80 million per share, with estimates ranging from $369.70 million to $379.49 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover MCBC.
MCBC (NASDAQ:MCFT) last announced its quarterly earnings results on Thursday, May 10th. The company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $88.76 million. During the same quarter in the previous year, the business earned $0.28 EPS. MCBC’s revenue for the quarter was up 60.3% compared to the same quarter last year.
Several brokerages recently weighed in on MCFT. Zacks Investment Research upgraded MCBC from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Wednesday, February 14th. Robert W. Baird lifted 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. ValuEngine upgraded MCBC from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. BidaskClub lowered MCBC from a “buy” rating to a “hold” rating in a research note on Saturday, April 21st. Finally, B. Riley lifted their price target on MCBC from $28.00 to $29.25 and gave the company a “buy” rating in a research note on Friday, February 9th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $28.06.
In related news, insider Terry D. Mcnew sold 5,000 shares of MCBC stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of $29.76, for a total value of $148,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Timothy M. Oxley sold 4,000 shares of MCBC stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $29.81, for a total value of $119,240.00. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Stratos Wealth Partners LTD. acquired a new stake in MCBC in the 1st quarter worth about $120,000. First Mercantile Trust Co. acquired a new stake in MCBC in the 1st quarter worth about $194,000. Victory Capital Management Inc. acquired a new stake in MCBC in the 1st quarter worth about $226,000. MetLife Investment Advisors LLC acquired a new stake in MCBC in the 4th quarter worth about $205,000. Finally, Ellington Management Group LLC acquired a new stake in MCBC in the 4th quarter worth about $227,000. Institutional investors own 93.20% of the company’s stock.
Shares of MCBC stock traded up $0.15 on Friday, hitting $30.43. The company’s stock had a trading volume of 131,395 shares, compared to its average volume of 203,342. The company has a quick ratio of 0.33, a current ratio of 0.70 and a debt-to-equity ratio of 2.07. MCBC has a 1 year low of $16.82 and a 1 year high of $31.26. The firm has a market cap of $565.60 million, a PE ratio of 24.15, a P/E/G ratio of 1.07 and a beta of 1.23.
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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