Brokers Issue Forecasts for MCBC Holdings Inc’s Q3 2018 Earnings (MCFT)
MCBC Holdings Inc (NASDAQ:MCFT) – Equities research analysts at SunTrust Banks lifted their Q3 2018 earnings estimates for shares of MCBC in a research report issued to clients and investors on Friday. SunTrust Banks analyst M. Swartz now anticipates that the company will post earnings per share of $0.43 for the quarter, up from their prior forecast of $0.42. SunTrust Banks also issued estimates for MCBC’s Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $1.56 EPS and FY2019 earnings at $1.80 EPS.
Other analysts also recently issued reports about the company. B. Riley restated a “buy” rating and issued a $24.00 price target (up from $21.50) on shares of MCBC in a research report on Tuesday, October 3rd. BidaskClub downgraded MCBC from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. Aegis assumed coverage on MCBC in a research report on Monday, October 2nd. They issued a “buy” rating and a $26.00 price target for the company. ValuEngine downgraded MCBC from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Robert W. Baird restated a “buy” rating on shares of MCBC in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $26.33.
Shares of MCBC (NASDAQ:MCFT) opened at $21.84 on Monday. The stock has a market capitalization of $407.94, a price-to-earnings ratio of 20.60, a P/E/G ratio of 0.92 and a beta of 1.25. MCBC has a 52-week low of $13.67 and a 52-week high of $23.99. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.51.
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. The firm had revenue of $65.00 million during the quarter, compared to analyst estimates of $62.84 million. MCBC had a net margin of 8.43% and a return on equity of 213.34%. MCBC’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its position in shares of MCBC by 96.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 29,900 shares of the company’s stock worth $585,000 after purchasing an additional 14,700 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of MCBC during the second quarter worth $371,000. Bank of New York Mellon Corp lifted its position in shares of MCBC by 37.9% during the second quarter. Bank of New York Mellon Corp now owns 113,241 shares of the company’s stock worth $2,214,000 after purchasing an additional 31,113 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of MCBC by 5.5% during the second quarter. Teachers Advisors LLC now owns 102,399 shares of the company’s stock worth $2,002,000 after purchasing an additional 5,336 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of MCBC by 6.3% during the second quarter. TIAA CREF Investment Management LLC now owns 133,003 shares of the company’s stock worth $2,600,000 after purchasing an additional 7,928 shares during the last quarter. Institutional investors own 93.95% of the company’s stock.
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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