MCBC Holdings, Inc. (MCFT) to Release Earnings on Wednesday
MCBC Holdings, Inc. (NASDAQ:MCFT) is set to post its quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect MCBC Holdings to post earnings of $0.44 per share for the quarter.
MCBC Holdings (NASDAQ:MCFT) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. MCBC Holdings had a net margin of 8.56% and a return on equity of 443.78%. The firm had revenue of $58.30 million during the quarter, compared to analyst estimates of $56.89 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. MCBC Holdings’s quarterly revenue was up 9.2% on a year-over-year basis. On average, analysts expect MCBC Holdings to post $1.42 EPS for the current fiscal year and $1.55 EPS for the next fiscal year.
Shares of MCBC Holdings, Inc. (MCFT) opened at 22.87 on Wednesday. The company has a 50 day moving average of $21.09 and a 200-day moving average of $21.01. The stock has a market cap of $426.23 million, a price-to-earnings ratio of 21.78 and a beta of 1.23. MCBC Holdings, Inc. has a one year low of $11.04 and a one year high of $23.42.
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Several brokerages recently weighed in on MCFT. TheStreet raised shares of MCBC Holdings from a “d+” rating to a “b-” rating in a research note on Thursday, September 7th. Zacks Investment Research raised shares of MCBC Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Aegis began coverage on shares of MCBC Holdings in a research note on Monday, October 2nd. They issued a “buy” rating and a $26.00 target price for the company. BidaskClub downgraded shares of MCBC Holdings from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. Finally, B. Riley reissued a “buy” rating and issued a $24.00 target price (up previously from $21.50) on shares of MCBC Holdings in a research note on Tuesday, October 3rd. 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 currently has an average rating of “Buy” and an average price target of $25.00.
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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