Equities research analysts predict that MCBC Holdings Inc (NASDAQ:MCFT) will post earnings of $0.51 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for MCBC’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.53. MCBC posted earnings per share of $0.40 in the same quarter last year, which would suggest a positive year over year growth rate of 27.5%. The company is scheduled to announce its next earnings results after the market closes on Thursday, November 8th.
On average, analysts expect that MCBC will report full year earnings of $2.64 per share for the current financial year, with EPS estimates ranging from $2.50 to $2.82. For the next year, analysts expect that the company will post earnings of $3.08 per share, with EPS estimates ranging from $2.90 to $3.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover MCBC.
MCBC (NASDAQ:MCFT) last posted its earnings results on Thursday, September 6th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.15. MCBC had a return on equity of 108.42% and a net margin of 11.92%. The firm had revenue of $95.43 million during the quarter, compared to analysts’ expectations of $89.29 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The company’s revenue was up 63.6% on a year-over-year basis.
A number of research analysts have issued reports on MCFT shares. ValuEngine raised MCBC from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. BidaskClub raised MCBC from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Zacks Investment Research raised MCBC from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Wednesday, September 19th. Robert W. Baird boosted their target price on MCBC from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, September 11th. Finally, B. Riley boosted their target price on MCBC from $28.00 to $36.50 and gave the company a “buy” rating in a research note on Friday, September 7th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $40.33.
NASDAQ:MCFT traded down $0.67 on Tuesday, reaching $33.22. The company’s stock had a trading volume of 148,951 shares, compared to its average volume of 173,168. MCBC has a 1-year low of $20.13 and a 1-year high of $39.50. The company has a current ratio of 0.73, a quick ratio of 0.33 and a debt-to-equity ratio of 1.33. The stock has a market cap of $641.56 million, a price-to-earnings ratio of 16.36, a PEG ratio of 0.87 and a beta of 1.04.
Several hedge funds have recently bought and sold shares of the company. Dalton Greiner Hartman Maher & Co. boosted its position in shares of MCBC by 5.5% during the third quarter. Dalton Greiner Hartman Maher & Co. now owns 227,438 shares of the company’s stock worth $8,160,000 after buying an additional 11,817 shares during the period. Northern Trust Corp boosted its position in shares of MCBC by 4.9% during the second quarter. Northern Trust Corp now owns 208,781 shares of the company’s stock worth $6,044,000 after buying an additional 9,736 shares during the period. Millennium Management LLC boosted its position in shares of MCBC by 18.1% during the second quarter. Millennium Management LLC now owns 464,076 shares of the company’s stock worth $13,435,000 after buying an additional 71,031 shares during the period. Capital Fund Management S.A. acquired a new position in shares of MCBC during the second quarter worth about $208,000. Finally, Voya Investment Management LLC acquired a new position in shares of MCBC during the second quarter worth about $201,000. 93.86% of the stock is owned by institutional investors.
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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