Zacks: Analysts Anticipate MCBC Holdings Inc (MCFT) Will Announce Quarterly Sales of $91.30 Million

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Equities analysts expect MCBC Holdings Inc (NASDAQ:MCFT) to post $91.30 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for MCBC’s earnings. The lowest sales estimate is $90.70 million and the highest is $92.87 million. MCBC reported sales of $65.05 million in the same quarter last year, which indicates a positive year-over-year growth rate of 40.4%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, November 8th.

On average, analysts expect that MCBC will report full-year sales of $451.50 million for the current financial year, with estimates ranging from $444.30 million to $454.95 million. For the next year, analysts forecast that the company will post sales of $511.46 million, with estimates ranging from $507.78 million to $518.66 million. Zacks’ 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 quarterly earnings results on Thursday, September 6th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.15. The company had revenue of $95.43 million during the quarter, compared to analysts’ expectations of $89.29 million. MCBC had a net margin of 11.92% and a return on equity of 108.42%. The business’s quarterly revenue was up 63.6% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS.

Several equities analysts have recently weighed in on MCFT shares. Zacks Investment Research raised shares of MCBC from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Wednesday, September 19th. B. Riley raised their target price on shares of MCBC from $36.50 to $44.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Wells Fargo & Co raised their target price on shares of MCBC from $36.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, September 24th. They noted that the move was a valuation call. ValuEngine raised shares of MCBC from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Finally, BidaskClub raised shares of MCBC from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $40.33.

Several large investors have recently added to or reduced their stakes in MCFT. Wasatch Advisors Inc. lifted its holdings in MCBC by 1.8% during the 2nd quarter. Wasatch Advisors Inc. now owns 164,547 shares of the company’s stock valued at $4,764,000 after purchasing an additional 2,926 shares during the last quarter. First Trust Advisors LP lifted its holdings in MCBC by 18.6% during the 2nd quarter. First Trust Advisors LP now owns 18,845 shares of the company’s stock valued at $546,000 after purchasing an additional 2,951 shares during the last quarter. Navellier & Associates Inc lifted its holdings in MCBC by 7.1% during the 2nd quarter. Navellier & Associates Inc now owns 52,592 shares of the company’s stock valued at $1,523,000 after purchasing an additional 3,485 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in MCBC by 24.4% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,094 shares of the company’s stock valued at $640,000 after purchasing an additional 4,340 shares during the last quarter. Finally, Voya Investment Management LLC acquired a new stake in MCBC during the 2nd quarter valued at $201,000. 93.86% of the stock is owned by institutional investors and hedge funds.

Shares of MCFT traded down $1.72 during mid-day trading on Thursday, hitting $34.26. 197,912 shares of the company’s stock were exchanged, compared to its average volume of 221,064. The stock has a market capitalization of $641.55 million, a P/E ratio of 16.88, a P/E/G ratio of 0.87 and a beta of 1.05. MCBC has a 52 week low of $20.13 and a 52 week high of $39.50. The company has a quick ratio of 0.33, a current ratio of 0.73 and a debt-to-equity ratio of 1.33.

MCBC Company Profile

MCBC Holdings, Inc, through its subsidiaries, innovates, designs, manufactures, and markets sport boats and outboard boats in North America and internationally. The company's boats are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating. It also provides various accessories, such as trailers and aftermarket parts.

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