Analysts Set Expectations for MCBC Holdings, Inc.’s Q1 2018 Earnings (MCFT)
MCBC Holdings, Inc. (NASDAQ:MCFT) – Stock analysts at B. Riley issued their Q1 2018 earnings per share estimates for shares of MCBC Holdings in a research note issued on Monday. B. Riley analyst E. Wold forecasts that the company will earn $0.41 per share for the quarter. B. Riley has a “Buy” rating and a $24.00 price target on the stock. B. Riley also issued estimates for MCBC Holdings’ Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.39 EPS, FY2018 earnings at $1.41 EPS, Q1 2019 earnings at $0.64 EPS, Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.42 EPS and FY2019 earnings at $1.55 EPS.
MCBC Holdings (NASDAQ:MCFT) last posted its earnings results on Thursday, September 7th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $58.30 million for the quarter, compared to analysts’ expectations of $56.89 million. MCBC Holdings had a net margin of 8.56% and a return on equity of 443.78%. The company’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share.
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MCFT has been the subject of a number of other reports. ValuEngine raised shares of MCBC Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research cut MCBC Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th. BidaskClub cut MCBC Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. KeyCorp assumed coverage on MCBC Holdings in a research note on Wednesday, August 30th. They issued an “overweight” rating on the stock. Finally, TheStreet upgraded MCBC Holdings from a “d+” rating to a “b-” rating in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. MCBC Holdings presently has a consensus rating of “Buy” and an average price target of $21.67.
Shares of MCBC Holdings (NASDAQ MCFT) traded up 1.23% on Wednesday, hitting $21.36. The stock had a trading volume of 53,753 shares. MCBC Holdings has a 1-year low of $10.84 and a 1-year high of $21.47. The company has a market capitalization of $398.09 million, a PE ratio of 20.34 and a beta of 1.23. The firm has a 50-day moving average of $19.37 and a 200 day moving average of $19.37.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Teachers Advisors LLC grew its position in MCBC Holdings by 158.6% during the fourth quarter. Teachers Advisors LLC now owns 50,241 shares of the company’s stock valued at $733,000 after acquiring an additional 30,815 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of MCBC Holdings during the first quarter worth approximately $170,000. Bank of New York Mellon Corp lifted its holdings in shares of MCBC Holdings by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 82,128 shares of the company’s stock worth $1,328,000 after acquiring an additional 2,611 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of MCBC Holdings in the 1st quarter worth approximately $103,000. Finally, Trexquant Investment LP lifted its holdings in shares of MCBC Holdings by 7.1% in the 1st quarter. Trexquant Investment LP now owns 19,200 shares of the company’s stock worth $310,000 after acquiring an additional 1,280 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.
About MCBC Holdings
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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