Arctic Cat Inc. (NASDAQ:ACAT) released its quarterly earnings data on Wednesday. The company reported ($0.98) EPS for the quarter, missing the consensus estimate of $0.36 by $1.34. The company earned $164.20 million during the quarter, compared to analyst estimates of $196.42 million. Arctic Cat had a negative net margin of 3.10% and a negative return on equity of 10.63%. The company’s quarterly revenue was down 22.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. Arctic Cat updated its FY17 guidance to ($1.40-1.00) EPS.

Arctic Cat (NASDAQ:ACAT) opened at 14.82 on Friday. The firm’s 50-day moving average price is $14.87 and its 200 day moving average price is $15.51. Arctic Cat has a 52-week low of $8.90 and a 52-week high of $22.53. The company’s market cap is $193.43 million.

Earnings History for Arctic Cat (NASDAQ:ACAT)

A number of large investors have recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of Arctic Cat by 3.0% in the second quarter. Principal Financial Group Inc. now owns 91,852 shares of the company’s stock valued at $1,561,000 after buying an additional 2,649 shares during the period. Virginia Retirement Systems ET AL bought a new stake in shares of Arctic Cat during the second quarter valued at about $513,000. California Public Employees Retirement System increased its stake in shares of Arctic Cat by 32.8% in the second quarter. California Public Employees Retirement System now owns 59,900 shares of the company’s stock valued at $1,018,000 after buying an additional 14,800 shares during the period. Emerald Acquisition Ltd. bought a new stake in shares of Arctic Cat during the second quarter valued at about $4,780,000. Finally, Teachers Advisors Inc. increased its stake in shares of Arctic Cat by 7.5% in the second quarter. Teachers Advisors Inc. now owns 19,928 shares of the company’s stock valued at $339,000 after buying an additional 1,395 shares during the period. Institutional investors and hedge funds own 99.75% of the company’s stock.

ACAT has been the subject of several recent analyst reports. KeyCorp reissued a “buy” rating and issued a $22.00 price objective on shares of Arctic Cat in a report on Thursday, October 6th. Jefferies Group initiated coverage on Arctic Cat in a report on Friday, September 30th. They issued a “buy” rating and a $19.00 price objective for the company. Wells Fargo & Co. reissued a “hold” rating on shares of Arctic Cat in a report on Tuesday, September 20th. Wunderlich raised Arctic Cat from a “sell” rating to a “hold” rating and set a $13.00 price objective for the company in a report on Wednesday, September 14th. Finally, Zacks Investment Research raised Arctic Cat from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 4th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $15.00.

About Arctic Cat

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.

5 Day Chart for NASDAQ:ACAT

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