Arctic Cat Inc. (ACAT) Scheduled to Post Earnings on Thursday
Arctic Cat Inc. (NASDAQ:ACAT) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 20th. Analysts expect Arctic Cat to post earnings of $0.36 per share for the quarter. Arctic Cat has set its FY17 guidance at ($1.00)-($0.70) EPS.
Arctic Cat (NASDAQ:ACAT) last released its quarterly earnings data on Friday, July 29th. The company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.36) by $0.45. Arctic Cat had a negative net margin of 3.10% and a negative return on equity of 10.63%. The company had revenue of $104.90 million for the quarter, compared to the consensus estimate of $117.81 million. During the same period last year, the company earned ($0.08) EPS. The firm’s revenue for the quarter was down 22.0% on a year-over-year basis. On average, analysts expect Arctic Cat to post $-0.92 EPS for the current fiscal year and $0.15 EPS for the next fiscal year.
Arctic Cat Inc. (NASDAQ:ACAT) opened at 14.89 on Tuesday. Arctic Cat Inc. has a 12-month low of $8.90 and a 12-month high of $25.60. The company’s market cap is $194.27 million. The firm’s 50 day moving average is $14.63 and its 200 day moving average is $15.66.
Several brokerages recently issued reports on ACAT. Feltl & Co. cut shares of Arctic Cat from a “hold” rating to a “sell” rating and set a $12.00 target price for the company. in a report on Friday, July 29th. Wunderlich reiterated a “sell” rating and issued a $13.00 target price (up previously from $10.00) on shares of Arctic Cat in a research report on Tuesday, July 12th. Zacks Investment Research upgraded shares of Arctic Cat from a “strong sell” rating to a “hold” rating in a research report on Monday, July 18th. KeyCorp reiterated a “buy” rating and issued a $22.00 target price on shares of Arctic Cat in a research report on Thursday, October 6th. Finally, Jefferies Group started coverage on shares of Arctic Cat in a research report on Friday, September 30th. They issued a “buy” rating and a $19.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Arctic Cat presently has an average rating of “Hold” and a consensus target price of $16.57.
In related news, Director Andrew S. Duff purchased 5,000 shares of Arctic Cat stock in a transaction dated Wednesday, August 3rd. The shares were acquired at an average cost of $14.89 per share, with a total value of $74,450.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.70% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. Landscape Capital Management L.L.C. bought a new stake in Arctic Cat during the second quarter worth about $682,000. Guggenheim Capital LLC increased its stake in Arctic Cat by 3.9% in the second quarter. Guggenheim Capital LLC now owns 53,479 shares of the company’s stock worth $909,000 after buying an additional 2,002 shares during the period. Addison Clark Management L.L.C. bought a new stake in Arctic Cat during the second quarter worth about $1,360,000. Kempen Capital Management N.V. increased its stake in Arctic Cat by 53.6% in the second quarter. Kempen Capital Management N.V. now owns 15,183 shares of the company’s stock worth $258,000 after buying an additional 5,300 shares during the period. Finally, Rhumbline Advisers increased its stake in Arctic Cat by 2.3% in the second quarter. Rhumbline Advisers now owns 20,534 shares of the company’s stock worth $349,000 after buying an additional 468 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.
Arctic Cat Company Profile
Arctic Cat Inc (Arctic Cat) 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 (PG&A). The Company offers its products under the Arctic Cat and MotorFist brand names.
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