MCBC (MCFT) Sets New 12-Month High on Earnings Beat
MCBC Holdings Inc (NASDAQ:MCFT)’s share price reached a new 52-week high during trading on Friday following a stronger than expected earnings report. The stock traded as high as $25.12 and last traded at $24.78, with a volume of 444562 shares. The stock had previously closed at $22.25.
The company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.09. MCBC had a return on equity of 213.34% and a net margin of 8.43%. The company had revenue of $78.40 million during the quarter, compared to analyst estimates of $74.65 million. During the same quarter last year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 53.4% on a year-over-year basis.
A number of research analysts recently weighed in on MCFT shares. Zacks Investment Research lowered MCBC from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. B. Riley restated a “buy” rating and issued a $24.00 price target on shares of MCBC in a research note on Friday, November 10th. Robert W. Baird restated a “buy” rating on shares of MCBC in a research note on Friday, November 10th. BidaskClub upgraded MCBC from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Finally, ValuEngine upgraded MCBC from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.00.
The stock has a market capitalization of $424.93, a PE ratio of 24.28, a PEG ratio of 0.96 and a beta of 1.25. 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 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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