ClubCorp Holdings, Inc. (NYSE:MYCC) Posts Earnings Results, Misses Estimates By $0.14 EPS
ClubCorp Holdings, Inc. (NYSE:MYCC) announced its quarterly earnings data on Thursday. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.14, MarketWatch Earnings reports. The company had revenue of $276.35 million for the quarter, compared to analyst estimates of $276.51 million. ClubCorp Holdings had a net margin of 0.41% and a return on equity of 8.96%.
Shares of ClubCorp Holdings (MYCC) opened at 16.95 on Friday. ClubCorp Holdings has a 52 week low of $10.80 and a 52 week high of $17.60. The company has a market capitalization of $1.11 billion, a PE ratio of 282.50 and a beta of 1.12. The firm’s 50-day moving average is $14.30 and its 200 day moving average is $15.07.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 21st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $0.52 annualized dividend and a yield of 3.07%. ClubCorp Holdings’s dividend payout ratio is 866.81%.
A number of research firms recently weighed in on MYCC. Imperial Capital lowered their target price on shares of ClubCorp Holdings from $21.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, April 13th. FBR & Co lowered their target price on shares of ClubCorp Holdings from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, April 13th. Stifel Nicolaus lowered their target price on shares of ClubCorp Holdings from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, April 17th. Jefferies Group LLC set a $27.00 target price on shares of ClubCorp Holdings and gave the company a “buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised shares of ClubCorp Holdings from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Thursday, June 29th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. ClubCorp Holdings has a consensus rating of “Buy” and an average price target of $19.00.
ClubCorp Holdings Company Profile
ClubCorp Holdings, Inc, incorporated on November 10, 2010, is engaged in membership-based leisure business. The Company is also the owner-operator of private golf and country clubs, and business, sports and alumni clubs in North America. The Company operates through two segments: golf and country clubs, and business, sports and alumni clubs.
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