ClubCorp Holdings Inc. (MYCC) Set to Announce Quarterly Earnings on Thursday
ClubCorp Holdings Inc. (NYSE:MYCC) will post its Q316 quarterly earnings results on Thursday, October 13th. Analysts expect ClubCorp Holdings to post earnings of $0.08 per share and revenue of $264.73 million for the quarter.
ClubCorp Holdings (NYSE:MYCC) last issued its earnings results on Thursday, July 14th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The company had revenue of $269 million for the quarter. ClubCorp Holdings had a negative return on equity of 1.25% and a negative net margin of 0.74%. The business’s revenue was up 2.0% compared to the same quarter last year. On average, analysts expect ClubCorp Holdings to post $0.21 EPS for the current fiscal year and $0.43 EPS for the next fiscal year.
ClubCorp Holdings Inc. (NYSE:MYCC) opened at 13.98 on Wednesday. ClubCorp Holdings Inc. has a one year low of $9.75 and a one year high of $22.44. The firm’s market capitalization is $916.53 million. The stock’s 50 day moving average price is $14.84 and its 200 day moving average price is $13.70.
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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 10th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.72%. This is a boost from ClubCorp Holdings’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, October 5th. ClubCorp Holdings’s dividend payout ratio is presently -399.97%.
Several research analysts recently issued reports on MYCC shares. Imperial Capital increased their price target on shares of ClubCorp Holdings from $12.00 to $14.00 and gave the stock an “in-line” rating in a report on Tuesday, July 19th. Bank of America Corp. reissued a “buy” rating on shares of ClubCorp Holdings in a report on Sunday, July 17th. Deutsche Bank AG reissued a “buy” rating on shares of ClubCorp Holdings in a report on Sunday, July 17th. FBR & Co reissued a “buy” rating and set a $17.00 price target on shares of ClubCorp Holdings in a report on Friday, September 16th. Finally, Macquarie raised shares of ClubCorp Holdings from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. ClubCorp Holdings currently has a consensus rating of “Buy” and an average price target of $19.78.
In other news, EVP Andrew V. Miller sold 2,000 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $14.94, for a total value of $29,880.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.90% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in MYCC. US Bancorp DE raised its stake in ClubCorp Holdings by 15.8% in the second quarter. US Bancorp DE now owns 7,972 shares of the company’s stock valued at $104,000 after buying an additional 1,089 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in ClubCorp Holdings during the second quarter valued at approximately $150,000. American International Group Inc. raised its stake in ClubCorp Holdings by 44.0% in the second quarter. American International Group Inc. now owns 37,059 shares of the company’s stock valued at $482,000 after buying an additional 11,320 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in ClubCorp Holdings during the second quarter valued at approximately $674,000. Finally, Engineers Gate Manager LP acquired a new stake in ClubCorp Holdings during the second quarter valued at approximately $708,000. Institutional investors and hedge funds own 97.27% of the company’s stock.
About ClubCorp Holdings
ClubCorp Holdings, Inc is a membership-based leisure company. The Company is the owner-operator of private golf and country clubs, and business, sports and alumni clubs in North America. The Company’s segments include Golf and Country Clubs; Business, Sports and Alumni Clubs, and Other. The Company’s Golf and country club operations consist of private country clubs, golf clubs and public golf facilities.
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