Wall Street analysts forecast that MCBC Holdings Inc (NASDAQ:MCFT) will announce earnings of $0.54 per share for the current quarter, according to Zacks. Five analysts have made estimates for MCBC’s earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.52. MCBC posted earnings of $0.42 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 28.6%. The firm is expected to announce its next earnings report on Thursday, February 14th.
On average, analysts expect that MCBC will report full-year earnings of $2.64 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.82. For the next financial year, analysts expect that the company will report earnings of $3.08 per share, with EPS estimates ranging from $2.90 to $3.20. Zacks’ EPS 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 earnings results on Thursday, November 8th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. MCBC had a return on equity of 108.42% and a net margin of 11.92%. The business had revenue of $93.60 million during the quarter, compared to analyst estimates of $90.93 million. During the same quarter last year, the firm earned $0.40 earnings per share. The company’s revenue for the quarter was up 44.0% compared to the same quarter last year.
MCFT has been the subject of a number of analyst reports. SunTrust Banks increased their price target on MCBC to $30.00 in a report on Thursday, October 11th. Zacks Investment Research raised MCBC from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Wednesday, September 19th. B. Riley increased their price target on MCBC from $36.50 to $44.00 and gave the company a “buy” rating in a report on Monday, September 17th. Wells Fargo & Co increased their price target on MCBC from $36.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, September 24th. They noted that the move was a valuation call. Finally, ValuEngine downgraded MCBC from a “buy” rating to a “hold” rating in a report on Friday, October 19th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $40.33.
A number of institutional investors and hedge funds have recently modified their holdings of MCFT. Alliancebernstein L.P. bought a new position in MCBC during the 3rd quarter worth approximately $1,878,000. ClariVest Asset Management LLC lifted its holdings in MCBC by 7.3% during the 3rd quarter. ClariVest Asset Management LLC now owns 73,838 shares of the company’s stock worth $2,649,000 after buying an additional 5,020 shares during the last quarter. Wasatch Advisors Inc. lifted its holdings in MCBC by 8.3% during the 3rd quarter. Wasatch Advisors Inc. now owns 178,242 shares of the company’s stock worth $6,395,000 after buying an additional 13,695 shares during the last quarter. SG Americas Securities LLC bought a new position in MCBC during the 3rd quarter worth approximately $1,273,000. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in MCBC by 35.2% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 29,874 shares of the company’s stock worth $1,072,000 after buying an additional 7,780 shares during the last quarter. 95.01% of the stock is owned by hedge funds and other institutional investors.
MCFT stock opened at $27.66 on Friday. The stock has a market capitalization of $612.54 million, a PE ratio of 13.63, a P/E/G ratio of 0.83 and a beta of 1.31. MCBC has a 1 year low of $20.13 and a 1 year high of $39.50. The company has a quick ratio of 0.33, a current ratio of 0.73 and a debt-to-equity ratio of 1.33.
MCBC Company Profile
MCBC Holdings, Inc, through its subsidiaries, innovates, designs, manufactures, and markets sport boats and outboard boats in North America and internationally. The company's boats are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating. It also provides various accessories, such as trailers and aftermarket parts.
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