Analysts expect MCBC Holdings Inc (NASDAQ:MCFT) to announce sales of $112.39 million for the current fiscal quarter, according to Zacks. Six analysts have made estimates for MCBC’s earnings. The lowest sales estimate is $110.56 million and the highest is $113.82 million. MCBC reported sales of $78.44 million during the same quarter last year, which indicates a positive year over year growth rate of 43.3%. The company is scheduled to report its next earnings report on Thursday, February 14th.
According to Zacks, analysts expect that MCBC will report full-year sales of $459.78 million for the current fiscal year, with estimates ranging from $454.80 million to $461.81 million. For the next fiscal year, analysts anticipate that the business will post sales of $513.87 million, with estimates ranging from $498.19 million to $523.57 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow MCBC.
MCBC (NASDAQ:MCFT) last posted its quarterly earnings data on Friday, November 9th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. The business had revenue of $93.60 million during the quarter, compared to the consensus estimate of $90.93 million. MCBC had a return on equity of 90.10% and a net margin of 11.37%. MCBC’s quarterly revenue was up 44.0% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share.
A number of research analysts recently issued reports on the company. Raymond James increased their price objective on MCBC from $36.00 to $44.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 20th. BidaskClub upgraded MCBC from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 15th. Robert W. Baird increased their price objective on MCBC from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, September 11th. Zacks Investment Research upgraded MCBC from a “sell” rating to a “hold” rating in a report on Saturday, September 1st. Finally, B. Riley raised their price target on MCBC from $36.50 to $44.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. MCBC currently has an average rating of “Buy” and a consensus price target of $40.33.
Shares of NASDAQ:MCFT traded down $1.12 during mid-day trading on Wednesday, reaching $22.62. 226,551 shares of the stock were exchanged, compared to its average volume of 278,012. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 0.77. The company has a market cap of $444.45 million, a PE ratio of 11.14, a PEG ratio of 0.59 and a beta of 1.26. MCBC has a one year low of $20.44 and a one year high of $39.50.
In related news, insider Terry D. Mcnew purchased 3,545 shares of the firm’s stock in a transaction on Wednesday, November 14th. The stock was purchased at an average cost of $28.14 per share, for a total transaction of $99,756.30. Following the completion of the purchase, the insider now directly owns 320,062 shares in the company, valued at $9,006,544.68. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.79% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Marshall Wace North America L.P. bought a new position in MCBC in the third quarter valued at approximately $734,000. Marshall Wace LLP bought a new position in MCBC in the third quarter valued at approximately $7,055,000. Neuberger Berman Group LLC grew its stake in MCBC by 9.8% in the third quarter. Neuberger Berman Group LLC now owns 42,045 shares of the company’s stock valued at $1,508,000 after purchasing an additional 3,750 shares in the last quarter. AQR Capital Management LLC grew its stake in MCBC by 28.4% in the third quarter. AQR Capital Management LLC now owns 310,080 shares of the company’s stock valued at $11,126,000 after purchasing an additional 68,494 shares in the last quarter. Finally, Summit Global Investments grew its stake in MCBC by 13.4% in the third quarter. Summit Global Investments now owns 25,400 shares of the company’s stock valued at $911,000 after purchasing an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 91.75% of the company’s stock.
MCBC Company Profile
MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. The company operates in two segments, MasterCraft and NauticStar. It offers sport boats and outboard boats, which are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating.
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