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.

MCFT has been the subject of several recent analyst reports. Zacks Investment Research raised shares of MCBC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 29th. KeyCorp initiated coverage on shares of MCBC in a research note on Wednesday, August 30th. They set an “overweight” rating for the company. B. Riley reaffirmed a “buy” rating and set a $21.50 price objective on shares of MCBC in a research note on Friday, September 8th. TheStreet raised shares of MCBC from a “d+” rating to a “b-” rating in a research note on Thursday, September 7th. Finally, Aegis initiated coverage on shares of MCBC in a research note on Monday, October 2nd. They set a “buy” rating and a $26.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $25.00.

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.

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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.

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Earnings History and Estimates for MCBC (NASDAQ:MCFT)

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