Equities research analysts forecast that MCBC Holdings, Inc. (NASDAQ:MCFT) will report earnings per share (EPS) of $0.44 for the current quarter, according to Zacks. Five analysts have provided estimates for MCBC Holdings’ earnings. The lowest EPS estimate is $0.43 and the highest is $0.46. MCBC Holdings posted earnings of $0.41 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.3%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 9th.

On average, analysts expect that MCBC Holdings will report full year earnings of $1.45 per share for the current year, with EPS estimates ranging from $1.34 to $1.53. For the next year, analysts expect that the business will report earnings of $1.66 per share, with EPS estimates ranging from $1.57 to $1.81. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover MCBC Holdings.

MCBC Holdings (NASDAQ:MCFT) last posted its quarterly earnings results on Thursday, September 7th. The company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. MCBC Holdings had a return on equity of 932.25% and a net margin of 8.56%. The company had revenue of $58.30 million for the quarter, compared to analysts’ expectations of $56.89 million. During the same period in the previous year, the firm earned $0.30 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year.

MCFT has been the topic of a number of recent analyst reports. B. Riley reissued a “buy” rating and set a $21.00 price target on shares of MCBC Holdings in a research note 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 assumed coverage on MCBC Holdings in a research report on Wednesday, August 30th. They issued an “overweight” rating on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.25.

Several institutional investors and hedge funds have recently modified their holdings of MCFT. Teachers Advisors LLC raised its position in shares of MCBC Holdings by 158.6% in the 4th quarter. Teachers Advisors LLC now owns 50,241 shares of the company’s stock worth $733,000 after buying an additional 30,815 shares during the period. Bank of Montreal Can purchased a new position in MCBC Holdings in the first quarter valued at about $170,000. Acadian Asset Management LLC raised its position in MCBC Holdings by 55.5% in the first quarter. Acadian Asset Management LLC now owns 69,764 shares of the company’s stock valued at $1,129,000 after purchasing an additional 24,889 shares during the period. Strs Ohio purchased a new position in MCBC Holdings in the first quarter valued at about $603,000. Finally, Chicago Equity Partners LLC raised its position in MCBC Holdings by 1.6% in the first quarter. Chicago Equity Partners LLC now owns 40,360 shares of the company’s stock valued at $653,000 after purchasing an additional 620 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of MCBC Holdings (NASDAQ MCFT) opened at 17.99 on Friday. MCBC Holdings has a one year low of $10.44 and a one year high of $20.22. The stock’s 50 day moving average price is $18.00 and its 200 day moving average price is $17.59. The stock has a market capitalization of $335.30 million, a PE ratio of 18.60 and a beta of 1.15.

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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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