Arctic Cat (ACAT) to Release Earnings on Thursday
Arctic Cat (NASDAQ:ACAT) is set to post its quarterly earnings results on Thursday, January 23rd. Arctic Cat has set its FY14 guidance at $3.27-3.37 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.
Arctic Cat (NASDAQ:ACAT) last released its earnings data on Thursday, October 24th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the 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 expect Arctic Cat to post $3.25 EPS for the current fiscal year and $3.66 EPS for the next fiscal year.
Shares of Arctic Cat (NASDAQ:ACAT) opened at 55.20 on Wednesday. Arctic Cat has a 1-year low of $33.23 and a 1-year high of $61.13. The stock’s 50-day moving average is $55.98 and its 200-day moving average is $55.23. The company has a market cap of $742.2 million and a price-to-earnings ratio of 18.13.
ACAT has been the subject of a number of recent research reports. Analysts at Feltl & Co. raised their price target on shares of Arctic Cat from $58.00 to $63.00 in a research note to investors on Friday, December 20th. They now have a “buy” rating on the stock. On a related note, analysts at JPMorgan Chase & Co. raised their price target on shares of Arctic Cat from $14.90 to $25.30 in a research note to investors on Tuesday, November 19th. They now have a “buy” rating on the stock. Finally, analysts at Thomson Reuters/Verus downgraded shares of Arctic Cat from a “hold” rating to a “sell” rating in a research note to investors on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $49.55.
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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