$263.76 Million in Sales Expected for ClubCorp Holdings, Inc. (MYCC) This Quarter
Analysts predict that ClubCorp Holdings, Inc. (NYSE:MYCC) will report $263.76 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for ClubCorp Holdings’ earnings, with the lowest sales estimate coming in at $259.70 million and the highest estimate coming in at $267.00 million. ClubCorp Holdings reported sales of $259.33 million during the same quarter last year, which indicates a positive year over year growth rate of 1.7%. The firm is expected to announce its next earnings results on Thursday, October 12th.
On average, analysts expect that ClubCorp Holdings will report full year sales of $263.76 million for the current fiscal year, with estimates ranging from $1.10 billion to $1.13 billion. For the next year, analysts anticipate that the business will report sales of $1.15 billion per share, with estimates ranging from $1.12 billion to $1.20 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow ClubCorp Holdings.
ClubCorp Holdings (NYSE:MYCC) last released its quarterly earnings results on Thursday, July 20th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.14). The business had revenue of $276.35 million for the quarter, compared to the consensus estimate of $276.51 million. ClubCorp Holdings had a positive return on equity of 9.50% and a negative net margin of 0.04%.
A number of equities analysts have recently issued reports on MYCC shares. Zacks Investment Research raised ClubCorp Holdings from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Thursday, June 29th. Jefferies Group LLC reissued a “buy” rating and issued a $27.00 target price on shares of ClubCorp Holdings in a report on Wednesday, June 21st. Stifel Nicolaus reissued a “buy” rating and issued a $18.00 target price on shares of ClubCorp Holdings in a report on Tuesday, June 6th. BidaskClub raised ClubCorp Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, MKM Partners cut ClubCorp Holdings from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $18.50.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in ClubCorp Holdings by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,177,798 shares of the company’s stock worth $67,829,000 after acquiring an additional 140,430 shares during the last quarter. Boston Partners grew its position in ClubCorp Holdings by 2.8% during the 2nd quarter. Boston Partners now owns 3,205,679 shares of the company’s stock worth $41,995,000 after acquiring an additional 86,196 shares during the last quarter. Deprince Race & Zollo Inc. grew its position in ClubCorp Holdings by 21.9% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 3,140,001 shares of the company’s stock worth $41,134,000 after acquiring an additional 563,194 shares during the last quarter. Jennison Associates LLC grew its position in ClubCorp Holdings by 2.4% during the 2nd quarter. Jennison Associates LLC now owns 3,096,886 shares of the company’s stock worth $40,569,000 after acquiring an additional 73,990 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in ClubCorp Holdings by 34.4% in the 2nd quarter. Voya Investment Management LLC now owns 2,630,956 shares of the company’s stock valued at $34,466,000 after buying an additional 673,064 shares during the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.
Shares of ClubCorp Holdings (NYSE MYCC) opened at 17.08 on Friday. ClubCorp Holdings has a 52-week low of $10.80 and a 52-week high of $17.60. The company’s 50-day moving average price is $17.01 and its 200-day moving average price is $15.25. The company’s market capitalization is $1.12 billion.
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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