MCBC Holdings, Inc. (MCFT) Announces Quarterly Earnings Results
MCBC Holdings, Inc. (NASDAQ:MCFT) issued its quarterly earnings data on Wednesday. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02, Bloomberg Earnings reports. MCBC Holdings had a negative return on equity of 4,067.61% and a net margin of 8.06%. The business had revenue of $58.30 million for the quarter, compared to analysts’ expectations of $56.89 million. During the same period last year, the business earned $0.30 EPS. The business’s revenue was up 9.2% on a year-over-year basis.
MCBC Holdings (MCFT) traded up 1.41% on Thursday, reaching $18.02. The company’s stock had a trading volume of 187,113 shares. The stock has a market cap of $335.86 million, a P/E ratio of 18.63 and a beta of 1.15. The stock has a 50-day moving average of $18.09 and a 200-day moving average of $17.58. MCBC Holdings has a one year low of $10.44 and a one year high of $20.22.
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Several equities research analysts have recently issued reports on MCFT shares. B. Riley reaffirmed a “buy” rating and set a $21.00 target price on shares of MCBC Holdings in a research report on Friday, May 12th. ValuEngine raised MCBC Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Zacks Investment Research lowered MCBC Holdings from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 12th. BidaskClub lowered MCBC Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, KeyCorp started coverage on MCBC Holdings in a research report on Wednesday, August 30th. They set an “overweight” rating for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $18.00.
MCBC Holdings Company Profile
MCBC Holdings, Inc (MCBC) is a holding company. The Company is a designer and manufacturer of inboard tournament ski boats and V-drive runabouts under the MasterCraft brand. The Company operates through two segments: MasterCraft and Hydra-Sports. The MasterCraft product brand consists of recreational performance boats primarily used for water skiing, wakeboarding and wake surfing, and general recreational boating.
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