Zacks: Brokerages Expect MCBC Holdings, Inc. (MCFT) Will Announce Quarterly Sales of $74.14 Million
Brokerages predict that MCBC Holdings, Inc. (NASDAQ:MCFT) will report $74.14 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for MCBC’s earnings. The highest sales estimate is $74.75 million and the lowest is $73.90 million. MCBC reported sales of $51.13 million during the same quarter last year, which indicates a positive year-over-year growth rate of 45%. The firm is scheduled to announce 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 company 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 averages are an average based on a survey of research firms that that provide coverage for MCBC.
MCBC (NASDAQ:MCFT) last announced its quarterly earnings data on Friday, November 10th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $65.00 million during the quarter, compared to the consensus estimate of $62.84 million. MCBC had a net margin of 8.43% and a return on equity of 213.34%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS.
Several analysts have recently commented on the stock. TheStreet raised shares of MCBC from a “d+” rating to a “b-” rating in a research report on Thursday, September 7th. Zacks Investment Research raised shares of MCBC from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Aegis assumed coverage on MCBC in a report on Monday, October 2nd. They issued a “buy” rating and a $26.00 target price on the stock. BidaskClub cut MCBC from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Finally, B. Riley reiterated a “buy” rating and issued a $24.00 target price (up from $21.50) on shares of MCBC in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $25.00.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of MCBC by 13.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,064,876 shares of the company’s stock worth $20,818,000 after purchasing an additional 123,082 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of MCBC by 32.6% in the 2nd quarter. Renaissance Technologies LLC now owns 772,900 shares of the company’s stock worth $15,110,000 after purchasing an additional 189,900 shares in the last quarter. Divisar Capital Management LLC lifted its holdings in shares of MCBC by 18.3% in the 2nd quarter. Divisar Capital Management LLC now owns 705,100 shares of the company’s stock worth $13,785,000 after purchasing an additional 108,912 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of MCBC by 7.0% in the 3rd quarter. Wells Fargo & Company MN now owns 529,091 shares of the company’s stock worth $10,783,000 after purchasing an additional 34,401 shares in the last quarter. Finally, Hood River Capital Management LLC lifted its stake in MCBC by 2.2% during the 3rd quarter. Hood River Capital Management LLC now owns 426,876 shares of the company’s stock valued at $8,700,000 after acquiring an additional 9,147 shares in the last quarter. Institutional investors own 91.66% of the company’s stock.
Shares of MCBC (NASDAQ MCFT) traded down $0.10 during mid-day trading on Friday, hitting $22.47. 104,562 shares of the stock traded hands, compared to its average volume of 219,925. The firm has a market cap of $419.69, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 0.95 and a beta of 1.27. MCBC has a one year low of $12.95 and a one year high of $23.42. The company has a current ratio of 0.78, a quick ratio of 0.51 and a debt-to-equity ratio of 1.54.
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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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