Analysts Expect MCBC Holdings (MCFT) Will Post Earnings of $0.47 Per Share

Wall Street brokerages predict that MCBC Holdings (NASDAQ:MCFT) will announce earnings of $0.47 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for MCBC’s earnings. The lowest EPS estimate is $0.47 and the highest is $0.48. MCBC posted earnings per share of $0.28 during the same quarter last year, which indicates a positive year-over-year growth rate of 67.9%. The business is scheduled to announce its next earnings report on Thursday, May 10th.

On average, analysts expect that MCBC will report full-year earnings of $1.83 per share for the current fiscal year, with EPS estimates ranging from $1.80 to $1.85. For the next fiscal year, analysts forecast that the business will post earnings of $2.22 per share, with EPS estimates ranging from $2.05 to $2.29. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow MCBC.

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MCBC (NASDAQ:MCFT) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. The firm had revenue of $78.40 million for the quarter, compared to analyst estimates of $74.65 million. MCBC had a return on equity of 149.34% and a net margin of 9.07%. MCBC’s quarterly revenue was up 53.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 earnings per share.

MCFT has been the topic of several recent analyst reports. B. Riley upped their price target on MCBC from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, December 18th. Zacks Investment Research raised MCBC from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Wednesday, February 14th. Robert W. Baird reissued a “buy” rating on shares of MCBC in a research report on Thursday, February 8th. ValuEngine raised MCBC from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, BidaskClub raised MCBC from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $28.06.

NASDAQ:MCFT traded up $0.36 during trading hours on Monday, hitting $25.58. 118,534 shares of the company’s stock traded hands, compared to its average volume of 181,899. The firm has a market capitalization of $471.09, a price-to-earnings ratio of 19.86, a PEG ratio of 0.94 and a beta of 1.12. MCBC has a twelve month low of $15.58 and a twelve month 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.

A number of hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. increased its holdings in shares of MCBC 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 acquiring an additional 2,700 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of MCBC during the 4th quarter valued at about $205,000. Ellington Management Group LLC acquired a new position in shares of MCBC during the 4th quarter valued at about $227,000. CAPROCK Group Inc. acquired a new position in shares of MCBC during the 4th quarter valued at about $279,000. Finally, California Public Employees Retirement System acquired a new position in shares of MCBC during the 3rd quarter valued at about $371,000. 95.38% of the stock is currently owned by institutional investors.

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About MCBC

MCBC Holdings, Inc, through its subsidiaries, innovates, designs, manufactures, and markets recreational sport boats in North America and internationally. The company offers recreational performance sport boats, which are primarily used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

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Earnings History and Estimates for MCBC (NASDAQ:MCFT)

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