ClubCorp Holdings Inc. (MYCC) Scheduled to Post Quarterly Earnings on Thursday
ClubCorp Holdings Inc. (NYSE:MYCC) is scheduled to announce its Q316 earnings results on Thursday, October 13th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $264.73 million for the quarter.
ClubCorp Holdings (NYSE:MYCC) last issued its quarterly earnings results on Thursday, July 14th. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.04. The firm had revenue of $269 million for the quarter. ClubCorp Holdings had a negative net margin of 0.74% and a negative return on equity of 1.25%. The company’s revenue was up 2.0% on a year-over-year basis. On average, analysts expect ClubCorp Holdings to post $0.21 EPS for the current fiscal year and $0.43 EPS for the next fiscal year.
Shares of ClubCorp Holdings Inc. (NYSE:MYCC) opened at 14.10 on Tuesday. The firm’s 50-day moving average is $14.86 and its 200-day moving average is $13.70. ClubCorp Holdings Inc. has a 12 month low of $9.75 and a 12 month high of $22.44. The company’s market cap is $924.40 million.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 10th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.52 annualized dividend and a dividend yield of 3.69%. This is a boost from ClubCorp Holdings’s previous quarterly dividend of $0.12. ClubCorp Holdings’s dividend payout ratio (DPR) is -399.97%.
Several analysts have recently weighed in on MYCC shares. Goldman Sachs Group Inc. started coverage on shares of ClubCorp Holdings in a research report on Monday, September 26th. They set a “neutral” rating and a $16.00 price objective on the stock. Macquarie upgraded shares of ClubCorp Holdings from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 12th. FBR & Co restated a “buy” rating and set a $17.00 price objective on shares of ClubCorp Holdings in a research report on Friday, September 16th. Stifel Nicolaus restated a “buy” rating on shares of ClubCorp Holdings in a research report on Friday, September 9th. Finally, Wells Fargo & Co. reiterated a “buy” rating on shares of ClubCorp Holdings in a research report on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. ClubCorp Holdings currently has a consensus rating of “Buy” and a consensus target price of $19.78.
In other ClubCorp Holdings news, EVP Andrew V. Miller sold 2,000 shares of the business’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $14.94, for a total value of $29,880.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.90% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the stock. US Bancorp DE raised its stake in shares of ClubCorp Holdings by 15.8% in the second quarter. US Bancorp DE now owns 7,972 shares of the company’s stock worth $104,000 after buying an additional 1,089 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of ClubCorp Holdings during the second quarter worth $150,000. American International Group Inc. raised its stake in shares of ClubCorp Holdings by 44.0% in the second quarter. American International Group Inc. now owns 37,059 shares of the company’s stock worth $482,000 after buying an additional 11,320 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of ClubCorp Holdings during the second quarter worth $674,000. Finally, Engineers Gate Manager LP bought a new stake in shares of ClubCorp Holdings during the second quarter worth $708,000. 97.27% of the stock is currently owned by hedge funds and other institutional investors.
ClubCorp Holdings Company Profile
ClubCorp Holdings, Inc is a membership-based leisure company. The Company is the owner-operator of private golf and country clubs, and business, sports and alumni clubs in North America. The Company’s segments include Golf and Country Clubs; Business, Sports and Alumni Clubs, and Other. The Company’s Golf and country club operations consist of private country clubs, golf clubs and public golf facilities.
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