Analysts Expect MCBC Holdings, Inc. (MCFT) Will Post Earnings of $0.44 Per Share
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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for MCBC Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCBC Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.