Arctic Cat Inc. (ACAT) Issues FY14 Earnings Guidance
Arctic Cat Inc. (NASDAQ:ACAT) updated its FY14 earnings guidance on Thursday. The company provided EPS guidance of $3.27-3.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.35, American Banking News.com reports. The company issued revenue guidance of $754-768 million, compared to the consensus revenue estimate of $755.61 million.
A number of research firms have recently commented on ACAT. Analysts at Zacks downgraded shares of Arctic Cat from an outperform rating to a neutral rating in a research note to investors on Thursday, September 26th. They now have a $61.90 price target on the stock. On a related note, analysts at Feltl & Co. raised their price target on shares of Arctic Cat from $57.00 to $61.00 in a research note to investors on Monday, September 9th. They now have a buy rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Arctic Cat from $44.00 to $48.00 in a research note to investors on Monday, July 29th. They now have a market perform rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $56.97.
Shares of Arctic Cat Inc. (NASDAQ:ACAT) traded down 17.46% on Thursday, hitting $47.94. 369,404 shares of the company’s stock traded hands. Arctic Cat Inc. has a one year low of $32.12 and a one year high of $58.26. The stock has a 50-day moving average of $55.79 and a 200-day moving average of $47.68. The company has a market cap of $645.0 million and a price-to-earnings ratio of 18.40.
Arctic Cat (NASDAQ:ACAT) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.96 by $0.26. The company had revenue of $238.50 million for the quarter, compared to the consensus estimate of $251.62 million. During the same quarter in the previous year, the company posted $1.80 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Arctic Cat Inc. will post $3.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.69%.
Arctic Cat Inc designs, engineers, manufacture and market snowmobiles and all-terrain vehicles (NASDAQ:ACAT) under the Arctic Cat brand name, as well as related parts, garments and accessories (PG&A).
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