Arctic Cat Inc. (ACAT) to Release Quarterly Earnings on Thursday
Arctic Cat Inc. (NASDAQ:ACAT) is scheduled to release its earnings data before the market opens on Thursday, October 20th. Analysts expect Arctic Cat to post earnings of $0.36 per share for the quarter. Arctic Cat has set its FY17 guidance at ($1.00)-($0.70) EPS.
Arctic Cat (NASDAQ:ACAT) last posted its earnings results on Friday, July 29th. The company reported ($0.81) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by $0.45. Arctic Cat had a negative return on equity of 10.63% and a negative net margin of 3.10%. The firm had revenue of $104.90 million for the quarter, compared to the consensus estimate of $117.81 million. During the same period in the prior year, the business earned ($0.08) EPS. Arctic Cat’s quarterly revenue was down 22.0% compared to the same quarter last year. On average, analysts expect Arctic Cat to post $-0.92 EPS for the current fiscal year and $0.15 EPS for the next fiscal year.
Arctic Cat Inc. (NASDAQ:ACAT) opened at 14.97 on Wednesday. The firm’s 50 day moving average is $14.63 and its 200 day moving average is $15.65. The company’s market cap is $195.31 million. Arctic Cat Inc. has a 52-week low of $8.90 and a 52-week high of $25.60.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/arctic-cat-inc-acat-to-release-quarterly-earnings-on-thursday.html
Several brokerages have recently commented on ACAT. Zacks Investment Research downgraded shares of Arctic Cat from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 3rd. Wunderlich reaffirmed a “sell” rating and set a $13.00 price objective (up from $10.00) on shares of Arctic Cat in a research note on Tuesday, July 12th. KeyCorp reaffirmed a “buy” rating and set a $22.00 price objective on shares of Arctic Cat in a research note on Thursday, October 6th. Feltl & Co. cut shares of Arctic Cat from a “hold” rating to a “sell” rating and set a $12.00 price target on the stock. in a research report on Friday, July 29th. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Arctic Cat in a research report on Tuesday, September 20th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $16.57.
In other Arctic Cat news, Director Andrew S. Duff acquired 5,000 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were acquired at an average price of $14.89 per share, for a total transaction of $74,450.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the company. Landscape Capital Management L.L.C. acquired a new stake in shares of Arctic Cat during the second quarter worth $682,000. Guggenheim Capital LLC boosted its stake in shares of Arctic Cat by 3.9% in the second quarter. Guggenheim Capital LLC now owns 53,479 shares of the company’s stock worth $909,000 after buying an additional 2,002 shares during the period. Addison Clark Management L.L.C. acquired a new stake in shares of Arctic Cat during the second quarter worth $1,360,000. Kempen Capital Management N.V. boosted its stake in shares of Arctic Cat by 53.6% in the second quarter. Kempen Capital Management N.V. now owns 15,183 shares of the company’s stock worth $258,000 after buying an additional 5,300 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Arctic Cat by 2.3% in the second quarter. Rhumbline Advisers now owns 20,534 shares of the company’s stock worth $349,000 after buying an additional 468 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.
About Arctic Cat
Arctic Cat Inc (Arctic Cat) designs, engineers, manufactures and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (side-by-sides or ROVs), as well as related parts, garments and accessories (PG&A). The Company offers its products under the Arctic Cat and MotorFist brand names.
Receive News & Ratings for Arctic Cat Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arctic Cat Inc. and related companies with MarketBeat.com's FREE daily email newsletter.