ClubCorp Holdings Inc. (NYSE:MYCC) is set to post its Q316 quarterly earnings results on Thursday, October 13th. Analysts expect ClubCorp Holdings to post earnings of $0.08 per share and revenue of $264.73 million for the quarter.
ClubCorp Holdings (NYSE:MYCC) last posted its quarterly earnings data on Thursday, July 14th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by $0.04. ClubCorp Holdings had a negative return on equity of 1.25% and a negative net margin of 0.74%. The business had revenue of $269 million for the quarter. The business’s revenue for the quarter 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 company’s 50-day moving average is $14.86 and its 200 day moving average is $13.70. The company’s market cap is $924.40 million. ClubCorp Holdings Inc. has a 1-year low of $9.75 and a 1-year high of $22.44.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 10th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.52 annualized dividend and a yield of 3.69%. This is a positive change from ClubCorp Holdings’s previous quarterly dividend of $0.12. ClubCorp Holdings’s dividend payout ratio (DPR) is -399.97%.
Several equities analysts have commented on the stock. Deutsche Bank AG reiterated a “buy” rating on shares of ClubCorp Holdings in a research report on Sunday, July 17th. Bank of America Corp. reiterated a “buy” rating on shares of ClubCorp Holdings in a research report on Sunday, July 17th. FBR & Co assumed coverage on shares of ClubCorp Holdings in a research report on Thursday, June 30th. They set an “outperform” rating and a $17.00 price objective for the company. Citigroup Inc. lowered their price objective on shares of ClubCorp Holdings from $17.50 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, September 13th. Finally, Jefferies Group reiterated a “buy” rating on shares of ClubCorp Holdings in a research report on Friday, September 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.78.
In related news, EVP Andrew V. Miller sold 2,000 shares of the firm’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 filing with the SEC, which is accessible through this link. 2.90% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE increased its position in 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 period. Principal Financial Group Inc. acquired a new position in ClubCorp Holdings during the second quarter worth approximately $150,000. American International Group Inc. increased its position in 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 period. Thrivent Financial for Lutherans acquired a new position in ClubCorp Holdings during the second quarter worth approximately $674,000. Finally, Engineers Gate Manager LP acquired a new position in ClubCorp Holdings during the second quarter worth approximately $708,000. 97.27% of the stock is currently owned by institutional investors and hedge funds.
About ClubCorp Holdings
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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