MCBC Holdings Inc (MCFT) Releases Earnings Results, Beats Expectations By $0.03 EPS

MCBC Holdings Inc (MCFT) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.28. The company posted revenue of $57.00 million in the period, compared to analysts expectations of $55.66 million. The company’s revenue was up 5.0% compared to the same quarter last year.

MCBC Holdings Inc closed down -0.78 points or -5.90% at $12.45 with 71,293 shares getting traded on Wednesday. Post opening the session at $13.12, the shares hit an intraday low of $12.41 and an intraday high of $13.145 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 23, 2016, Timothy M. Oxley (Chief Financial Officer) sold 44,642 shares at $11.37 per share price. According to the SEC, on Feb 23, 2016, Terry D. Mcnew (President & CEO) sold 244,276 shares at $11.37 per share price. On Feb 12, 2016, Shane Chittum (Chief Operating Officer) sold 10,033 shares at $11.48 per share price, according to the Form-4 filing with the securities and exchange commission.

MCBC Holdings Inc. (MCBC) is a holding company. The Company through its wholly owned subsidiaries is engaged in designing manufacturing and marketing of sport boats. The Company also designs and manufactures inboard tournament ski boats and V-drive runabouts. It has dealers in over 40 countries around the world. The Company’s MasterCraft product brand consists of recreational boats which are used for water skiing wakeboarding and wake surfing and general recreational boating. In addition the Company offers various accessories including trailers and aftermarket parts. Its MasterCraft brands’ portfolio consists of Star Series XSeries and NXT boats. Its Star Series product line consists of ProStar and XStar models. The Company’s wholly owned subsidiaries include MasterCraft Boat Company LLC MCBC Hydra Boats LLC MasterCraft Services Inc. MasterCraft Parts Limited and MasterCraft International Sales Administration Inc.

MCBC Holdings Inc

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