Q3 2018 EPS Estimates for Arctic Cat Inc. (ACAT) Raised by Analyst
Arctic Cat Inc. (NASDAQ:ACAT) – Stock analysts at Feltl & Co. upped their Q3 2018 earnings per share estimates for Arctic Cat in a research note issued to investors on Thursday. Feltl & Co. analyst M. Smith now forecasts that the firm will post earnings of $0.39 per share for the quarter, up from their previous forecast of $0.31. Feltl & Co. currently has a “Sell” rating and a $12.00 price target on the stock.
ACAT has been the subject of a number of other research reports. Jefferies Group initiated coverage on shares of Arctic Cat in a research note on Friday, September 30th. They issued a “buy” rating and a $19.00 price objective for the company. Wunderlich upgraded shares of Arctic Cat from a “sell” rating to a “hold” rating and set a $13.00 target price for the company in a research report on Wednesday, September 14th. Wells Fargo & Co. reiterated a “hold” rating on shares of Arctic Cat in a research report on Tuesday, September 20th. KeyCorp reiterated a “buy” rating and set a $22.00 target price on shares of Arctic Cat in a research report on Thursday, October 6th. Finally, 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. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.00.
Arctic Cat (NASDAQ:ACAT) opened at 15.11 on Monday. The firm’s market cap is $197.22 million. Arctic Cat has a 12-month low of $8.90 and a 12-month high of $22.53. The company’s 50 day moving average is $14.88 and its 200 day moving average is $15.50.
Arctic Cat (NASDAQ:ACAT) last posted its earnings results on Wednesday, November 9th. The company reported ($0.98) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $1.34. The business had revenue of $164.20 million for the quarter, compared to analyst estimates of $196.42 million. Arctic Cat had a negative net margin of 7.66% and a negative return on equity of 25.00%. The business’s revenue was down 22.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 EPS.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Advisors LLC raised its position in Arctic Cat by 11.1% in the third quarter. BlackRock Advisors LLC now owns 6,730 shares of the company’s stock valued at $104,000 after buying an additional 674 shares during the last quarter. BlackRock Group LTD increased its stake in shares of Arctic Cat by 7.8% in the third quarter. BlackRock Group LTD now owns 8,818 shares of the company’s stock valued at $137,000 after buying an additional 635 shares during the period. KCG Holdings Inc. bought a new stake in shares of Arctic Cat during the third quarter valued at approximately $183,000. Malaga Cove Capital LLC bought a new stake in shares of Arctic Cat during the third quarter valued at approximately $197,000. Finally, Kempen Capital Management N.V. increased its stake in shares of Arctic Cat by 53.6% in the second quarter. Kempen Capital Management N.V. now owns 15,183 shares of the company’s stock valued at $258,000 after buying an additional 5,300 shares during the period. 99.22% 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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