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.

ILLEGAL ACTIVITY WARNING: “Analysts Set Expectations for MCBC Holdings, Inc.’s Q1 2018 Earnings (MCFT)” was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/10/04/analysts-set-expectations-for-mcbc-holdings-inc-s-q1-2018-earnings-mcft.html.

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.

Earnings History and Estimates for MCBC Holdings (NASDAQ:MCFT)

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.