Brokerages predict that MCBC Holdings Inc (NASDAQ:MCFT) will post $88.15 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for MCBC’s earnings. The lowest sales estimate is $85.76 million and the highest is $88.91 million. MCBC reported sales of $58.49 million in the same quarter last year, which indicates a positive year over year growth rate of 50.7%. The company is scheduled to report its next quarterly earnings report on Thursday, May 10th.
According to Zacks, analysts expect that MCBC will report full-year sales of $88.15 million for the current financial year, with estimates ranging from $307.98 million to $318.82 million. For the next financial year, analysts forecast that the firm will report sales of $360.18 million per share, with estimates ranging from $342.62 million to $369.13 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for MCBC.
MCBC (NASDAQ:MCFT) last issued its earnings results on Thursday, February 8th. The company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.09. The firm had revenue of $78.40 million during the quarter, compared to analysts’ expectations of $74.65 million. MCBC had a net margin of 9.07% and a return on equity of 149.34%. The firm’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in MCBC by 54.7% in the 4th quarter. BlackRock Inc. now owns 2,387,378 shares of the company’s stock worth $53,046,000 after purchasing an additional 843,953 shares during the period. Renaissance Technologies LLC boosted its stake in MCBC by 34.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,209,000 shares of the company’s stock worth $26,864,000 after purchasing an additional 310,900 shares during the period. Divisar Capital Management LLC boosted its stake in MCBC by 1.7% in the 4th quarter. Divisar Capital Management LLC now owns 938,989 shares of the company’s stock worth $20,864,000 after purchasing an additional 15,779 shares during the period. Royce & Associates LP boosted its stake in MCBC by 18.8% in the 4th quarter. Royce & Associates LP now owns 753,689 shares of the company’s stock worth $16,747,000 after purchasing an additional 119,332 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in 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 during the period. 95.38% of the stock is owned by hedge funds and other institutional investors.
Shares of MCBC stock opened at $25.82 on Friday. The firm has a market cap of $486.59, a P/E ratio of 20.33, a P/E/G ratio of 0.97 and a beta of 1.17. MCBC has a 1-year low of $15.30 and a 1-year high of $28.62. The company has a current ratio of 0.62, a quick ratio of 0.23 and a debt-to-equity ratio of 3.29.
COPYRIGHT VIOLATION NOTICE: “$88.15 Million in Sales Expected for MCBC Holdings Inc (MCFT) This Quarter” was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3297717/88-15-million-in-sales-expected-for-mcbc-holdings-inc-mcft-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for MCBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCBC and related companies with MarketBeat.com's FREE daily email newsletter.