MCBC Holdings, Inc. (MCFT) Expected to Announce Quarterly Sales of $74.14 Million
Brokerages expect MCBC Holdings, Inc. (NASDAQ:MCFT) to announce $74.14 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for MCBC’s earnings, with the highest sales estimate coming in at $74.75 million and the lowest estimate coming in at $73.90 million. MCBC reported sales of $51.13 million in the same quarter last year, which indicates a positive year over year growth rate of 45%. The company is expected to issue its next earnings report on Thursday, February 8th.
According to Zacks, analysts expect that MCBC will report full year sales of $74.14 million for the current financial year, with estimates ranging from $306.30 million to $311.37 million. For the next year, analysts forecast that the business will report sales of $351.48 million per share, with estimates ranging from $342.62 million to $360.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow MCBC.
MCBC (NASDAQ:MCFT) last posted its earnings results on Friday, November 10th. The company reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. MCBC had a net margin of 8.43% and a return on equity of 213.34%. The firm had revenue of $65.00 million during the quarter, compared to analyst estimates of $62.84 million. During the same period last year, the firm posted $0.41 earnings per share. MCBC’s revenue for the quarter was up 7.1% compared to the same quarter last year.
MCBC (NASDAQ:MCFT) traded down $0.03 during mid-day trading on Thursday, hitting $22.41. 143,900 shares of the company were exchanged, compared to its average volume of 153,839. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.51 and a current ratio of 0.78. The stock has a market capitalization of $419.14, a price-to-earnings ratio of 20.22, a PEG ratio of 0.95 and a beta of 1.25. MCBC has a 1 year low of $13.67 and a 1 year high of $23.99.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hood River Capital Management LLC purchased a new stake in shares of MCBC during the second quarter valued at $8,167,000. AJO LP boosted its stake in shares of MCBC by 253.5% during the second quarter. AJO LP now owns 391,357 shares of the company’s stock valued at $7,651,000 after purchasing an additional 280,653 shares during the period. Renaissance Technologies LLC boosted its stake in shares of MCBC by 32.6% during the second quarter. Renaissance Technologies LLC now owns 772,900 shares of the company’s stock valued at $15,110,000 after purchasing an additional 189,900 shares during the period. Vanguard Group Inc. boosted its stake in shares of MCBC by 23.4% during the first quarter. Vanguard Group Inc. now owns 941,794 shares of the company’s stock valued at $15,229,000 after purchasing an additional 178,652 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of MCBC by 176.8% during the second quarter. Goldman Sachs Group Inc. now owns 238,631 shares of the company’s stock valued at $4,665,000 after purchasing an additional 152,415 shares during the period. 93.95% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: This piece was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/14/mcbc-holdings-inc-mcft-expected-to-announce-quarterly-sales-of-74-14-million.html.
MCBC 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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCBC and related companies with MarketBeat.com's FREE daily email newsletter.