MCBC (NASDAQ:MCFT) posted its earnings results on Thursday. The company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.09, Bloomberg Earnings reports. MCBC had a net margin of 8.43% and a return on equity of 213.34%. The firm had revenue of $78.40 million for the quarter, compared to analyst estimates of $74.65 million. During the same period in the previous year, the firm posted $0.26 EPS. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year.
MCBC (MCFT) traded down $0.50 during trading hours on Thursday, hitting $22.25. 169,024 shares of the stock were exchanged, compared to its average volume of 167,282. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.51 and a current ratio of 0.78. MCBC has a 12 month low of $13.94 and a 12 month high of $24.89. The company has a market cap of $421.57, a price-to-earnings ratio of 21.46, a P/E/G ratio of 0.95 and a beta of 1.25.
A number of equities research analysts have weighed in on MCFT shares. Zacks Investment Research lowered shares of MCBC from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th. B. Riley reaffirmed a “buy” rating and issued a $24.00 price objective on shares of MCBC in a research note on Friday, November 10th. Robert W. Baird reaffirmed a “buy” rating on shares of MCBC in a research note on Friday, November 10th. BidaskClub raised shares of MCBC from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Finally, ValuEngine raised shares of MCBC from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $26.33.
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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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