MCBC Holdings Inc (MCFT) Expected to Announce Quarterly Sales of $74.16 Million

Wall Street analysts predict that MCBC Holdings Inc (NASDAQ:MCFT) will post sales of $74.16 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued 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 posted sales of $51.13 million in the same quarter last year, which indicates a positive year over year growth rate of 45%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, February 8th.

According to Zacks, analysts expect that MCBC will report full-year sales of $74.16 million for the current financial year, with estimates ranging from $307.52 million to $311.37 million. For the next financial year, analysts expect that the company will report sales of $351.76 million per share, with estimates ranging from $342.62 million to $360.40 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow MCBC.

MCBC (NASDAQ:MCFT) last announced its earnings results on Friday, November 10th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. The company had revenue of $65.00 million during the quarter, compared to analysts’ expectations of $62.84 million. MCBC had a net margin of 8.43% and a return on equity of 213.34%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share.

A number of equities analysts have issued reports on MCFT shares. Zacks Investment Research cut shares of MCBC from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. B. Riley restated a “buy” rating and set a $24.00 target price on shares of MCBC in a research report on Friday, November 10th. Robert W. Baird restated a “buy” rating on shares of MCBC in a research report on Friday, November 10th. BidaskClub cut shares of MCBC from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Finally, Aegis started coverage on shares of MCBC in a research report on Monday, October 2nd. They set a “buy” rating and a $26.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $26.33.

Shares of MCBC (NASDAQ MCFT) traded up $0.76 on Wednesday, reaching $22.00. 120,980 shares of the company’s stock were exchanged, compared to its average volume of 190,716. The company has a current ratio of 0.78, a quick ratio of 0.51 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $407.94, a PE ratio of 20.75, a P/E/G ratio of 0.92 and a beta of 1.25. MCBC has a one year low of $13.67 and a one year high of $23.99.

A number of institutional investors and hedge funds have recently made changes to their positions in MCFT. CAPROCK Group Inc. acquired a new position in shares of MCBC in the fourth quarter valued at approximately $279,000. Schwab Charles Investment Management Inc. raised its position in shares of MCBC by 663.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 228,382 shares of the company’s stock valued at $5,075,000 after buying an additional 198,482 shares during the last quarter. Dalton Greiner Hartman Maher & Co. acquired a new position in shares of MCBC in the fourth quarter valued at approximately $3,893,000. GSA Capital Partners LLP raised its position in shares of MCBC by 53.8% in the third quarter. GSA Capital Partners LLP now owns 101,515 shares of the company’s stock valued at $2,069,000 after buying an additional 35,500 shares during the last quarter. Finally, California Public Employees Retirement System acquired a new position in shares of MCBC in the third quarter valued at approximately $371,000. Institutional investors own 93.95% of the company’s stock.

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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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