B. Riley reaffirmed their buy rating on shares of MCBC Holdings, Inc. (NASDAQ:MCFT) in a research report released on Friday morning. B. Riley currently has a $24.00 target price on the stock. B. Riley also issued estimates for MCBC Holdings’ Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $1.60 EPS, Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.51 EPS and FY2019 earnings at $1.86 EPS.
MCFT has been the subject of several other reports. TheStreet upgraded MCBC Holdings from a d+ rating to a b- rating in a research note on Thursday, September 7th. Zacks Investment Research upgraded MCBC Holdings from a strong sell rating to a hold rating in a research note on Tuesday, August 29th. Aegis began coverage on MCBC Holdings in a research note on Monday, October 2nd. They issued a buy rating and a $26.00 target price for the company. BidaskClub downgraded MCBC Holdings from a buy rating to a hold rating in a research note on Sunday, July 30th. Finally, KeyCorp began coverage on MCBC Holdings in a research note on Wednesday, August 30th. They issued an overweight rating for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $25.00.
MCBC Holdings (NASDAQ:MCFT) opened at $21.49 on Friday. MCBC Holdings has a 12-month low of $12.73 and a 12-month high of $23.42. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.59 and a quick ratio of 0.27. The firm has a market capitalization of $401.40, a PE ratio of 19.36, a PEG ratio of 0.88 and a beta of 1.27.
MCBC Holdings (NASDAQ:MCFT) last posted its quarterly earnings data on Friday, November 10th. The company reported $0.40 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. MCBC Holdings had a return on equity of 313.55% and a net margin of 8.43%. The firm had revenue of $65.00 million during the quarter, compared to analyst estimates of $62.84 million. During the same period last year, the company posted $0.41 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. research analysts predict that MCBC Holdings will post 1.62 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in MCFT. Russell Investments Group Ltd. boosted its stake in MCBC Holdings by 55.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 7,582 shares of the company’s stock valued at $154,000 after purchasing an additional 2,700 shares during the last quarter. Mesirow Financial Investment Management Inc. acquired a new position in MCBC Holdings during the 2nd quarter valued at about $223,000. Nationwide Fund Advisors boosted its stake in MCBC Holdings by 222.1% during the 2nd quarter. Nationwide Fund Advisors now owns 13,969 shares of the company’s stock valued at $273,000 after purchasing an additional 9,632 shares during the last quarter. Trexquant Investment LP acquired a new position in MCBC Holdings during the 3rd quarter valued at about $280,000. Finally, The Manufacturers Life Insurance Company boosted its stake in MCBC Holdings by 174.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,688 shares of the company’s stock valued at $326,000 after purchasing an additional 10,611 shares during the last quarter. Institutional investors and hedge funds own 93.38% of the company’s stock.
MCBC Holdings 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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