Equities research analysts forecast that ClubCorp Holdings, Inc. (NYSE:MYCC) will report sales of $263.76 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for ClubCorp Holdings’ earnings, with the lowest sales estimate coming in at $259.70 million and the highest estimate coming in at $267.00 million. ClubCorp Holdings posted sales of $259.33 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.7%. The business is expected to report its next earnings report on Thursday, October 12th.
On average, analysts expect that ClubCorp Holdings will report full year sales of $263.76 million for the current year, with estimates ranging from $1.10 billion to $1.13 billion. For the next financial year, analysts expect that the company will report sales of $1.15 billion per share, with estimates ranging from $1.12 billion to $1.20 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow ClubCorp Holdings.
ClubCorp Holdings (NYSE:MYCC) last posted its quarterly earnings data on Thursday, July 20th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.14). The company had revenue of $276.35 million for the quarter, compared to analyst estimates of $276.51 million. ClubCorp Holdings had a positive return on equity of 9.50% and a negative net margin of 0.04%.
MYCC has been the subject of a number of recent analyst reports. Jefferies Group LLC set a $27.00 price objective on shares of ClubCorp Holdings and gave the company a “buy” rating in a report on Friday, June 2nd. BidaskClub cut shares of ClubCorp Holdings from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research cut shares of ClubCorp Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Stifel Nicolaus cut shares of ClubCorp Holdings from a “buy” rating to a “hold” rating and cut their price objective for the company from $18.00 to $17.00 in a report on Wednesday, July 26th. Finally, MKM Partners cut shares of ClubCorp Holdings from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.50.
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Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of ClubCorp Holdings by 2.8% during the second quarter. Vanguard Group Inc. now owns 5,177,798 shares of the company’s stock worth $67,829,000 after purchasing an additional 140,430 shares in the last quarter. Boston Partners increased its stake in shares of ClubCorp Holdings by 2.8% during the second quarter. Boston Partners now owns 3,205,679 shares of the company’s stock worth $41,995,000 after purchasing an additional 86,196 shares in the last quarter. Deprince Race & Zollo Inc. increased its stake in shares of ClubCorp Holdings by 21.9% during the second quarter. Deprince Race & Zollo Inc. now owns 3,140,001 shares of the company’s stock worth $41,134,000 after purchasing an additional 563,194 shares in the last quarter. Jennison Associates LLC increased its stake in shares of ClubCorp Holdings by 2.4% during the second quarter. Jennison Associates LLC now owns 3,096,886 shares of the company’s stock worth $40,569,000 after purchasing an additional 73,990 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in shares of ClubCorp Holdings by 34.4% during the second quarter. Voya Investment Management LLC now owns 2,630,956 shares of the company’s stock worth $34,466,000 after purchasing an additional 673,064 shares in the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.
Shares of ClubCorp Holdings (MYCC) traded down 0.29% during trading on Friday, hitting $17.10. The stock had a trading volume of 1,318,771 shares. The company’s market capitalization is $1.12 billion. ClubCorp Holdings has a 1-year low of $10.80 and a 1-year high of $17.60. The firm has a 50 day moving average of $17.02 and a 200 day moving average of $15.23.
ClubCorp Holdings Company Profile
ClubCorp Holdings, Inc, incorporated on November 10, 2010, is engaged in membership-based leisure business. The Company is also the owner-operator of private golf and country clubs, and business, sports and alumni clubs in North America. The Company operates through two segments: golf and country clubs, and business, sports and alumni clubs.
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