Arctic Cat (ACAT) Posts Quarterly Earnings, Misses Estimates By $0.02 EPS
Arctic Cat (NASDAQ:ACAT) released its earnings data on Thursday. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.10) by $0.02, Analyst Ratings.Net reports. The company had revenue of $145.40 million for the quarter, compared to the consensus estimate of $154.20 million.
Arctic Cat (NASDAQ:ACAT) opened at 38.91 on Thursday. Arctic Cat has a one year low of $37.76 and a one year high of $61.13. The stock’s 50-day moving average is $43.46 and its 200-day moving average is $49.20. The company has a market cap of $511.4 million and a P/E ratio of 15.39.
On a related note, analysts at Zacks upgraded shares of Arctic Cat from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 26th. They now have a $49.50 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Arctic Cat currently has a consensus rating of “Hold” and a consensus target price of $46.45.
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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