Arctic Cat Inc. (ACAT) Updates FY14 Earnings Guidance
Arctic Cat Inc. (NASDAQ:ACAT) updated its FY14 earnings guidance on Thursday. The company provided earnings per share guidance of $2.90-3.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.25, Analyst Ratings Net reports. The company issued revenue guidance of $740-750 million, compared to the consensus revenue estimate of $749.87 million.
A number of research firms have recently commented on ACAT. 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 research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Arctic Cat presently has an average rating of Hold and a consensus price target of $49.55.
Arctic Cat Inc. (NASDAQ:ACAT) opened at 53.73 on Thursday. Arctic Cat Inc. has a 1-year low of $33.23 and a 1-year high of $61.13. The stock’s 50-day moving average is $55.97 and its 200-day moving average is $55.22. The company has a market cap of $722.5 million and a P/E ratio of 17.70.
Arctic Cat (NASDAQ:ACAT) last announced its earnings results on Thursday, January 23rd. The company reported $0.89 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.32 by $0.43. The company had revenue of $225.80 million for the quarter, compared to the consensus estimate of $241.61 million. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that Arctic Cat Inc. will post $3.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a dividend of 0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.74%.
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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