Arctic Cat Inc (ACAT) reported quarterly earnings results on Friday, Jul-29-2016. The company reported $-0.81 earnings per share for the quarter, missing the analyst consensus estimate by $-0.41. Analysts had a consensus of $-0.40. The company posted revenue of $104.87 million in the period, compared to analysts expectations of $117.81 million. The company’s revenue was down -22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.
Many Wall Street Analysts have commented on Arctic Cat Inc. Company shares were Reiterated by Wunderlich on Jul 12, 2016 to “Sell”, Firm has raised the Price Target to $ 13 from a previous price target of $10 .Arctic Cat Inc was Downgraded by Northcoast to ” Neutral” on Jun 16, 2016. Shares were Reiterated by Wunderlich on May 12, 2016 to “Sell” and Lowered the Price Target to $ 10 from a previous price target of $11 .
Arctic Cat Inc opened for trading at $18.14 and hit $18.53 on the upside on Thursday, eventually ending the session at $18.27, with a gain of 0.55% or 0.1 points. The heightened volatility saw the trading volume jump to 2,29,266 shares. Company has a market cap of $238 M.
In a different news, on Feb 26, 2016, Bradley D Darling (VP-GM, Snowmobile Division) sold 19,101 shares at $15.78 per share price. According to the SEC, on Feb 2, 2016, Susan E Lester (director) purchased 3,000 shares at $10.59 per share price. On Feb 2, 2016, Joseph F. Puishys (director) purchased 10,000 shares at $10.66 per share price, according to the Form-4 filing with the securities and exchange commission.
Arctic Cat Inc. designs engineers manufactures and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (side-by-sides or ROVs) as well as related parts garments and accessories. The Company offers its products under the Arctic Cat and MotorFist brand names. The Company’s operations include three operating segments: snowmobile ATV and parts garments and accessories (PG&A). It markets its products through a network of independent dealers located throughout the United States Canada and Europe and through distributors representing dealers in Europe Russia South America the Middle East China Asia and other international markets. Its snowmobiles are sold in the United States Canada Scandinavia Russia and other international markets. The Company offers Prowler utility side-by-side vehicle which is configured with a range of different engines that are manufactured by it and also includes a rear cargo box and dual bucket seats.