Arctic Cat (NASDAQ: ACAT) announced its earnings results on Thursday. The company reported $1.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.33 by $0.03. The company had revenue of $218.02 million for the quarter, compared to the consensus estimate of $224.38 million. During the same quarter last year, the company posted $0.92 earnings per share. Arctic Cat?s revenue was up 5.3% compared to the same quarter last year. Arctic Cat updated its FY13 guidance to $2.75-2.85 EPS.
A number of research firms have also recently commented on ACAT. Analysts at BMO Capital Markets downgraded shares of Arctic Cat from an ?outperform? rating to a ?market perform? rating in a research note to investors on Thursday, December 20th. They now have a $40.00 price target on the stock, down previously from $50.00. Finally, analysts at Feltl & Co. upgraded shares of Arctic Cat from a ?buy? rating to a ?strong-buy? rating in a research note to investors on Friday, October 26th. They now have a $52.00 price target on the stock, up previously from $50.00. Shares of Arctic Cat (ACAT) traded up 2.53% during mid-day trading on Thursday, hitting $36.90. Arctic Cat (ACAT) has a one year low of $25.94 and a one year high of $47.46. The stock?s 50-day moving average is currently $35.41. The company has a market cap of $488.9 million and a P/E ratio of 14.28.
Arctic Cat Inc. (Arctic Cat) designs, engineers, manufactures and markets snowmobiles and all-terrain vehicles (ATVs) under the Arctic Cat brand name, as well as related parts, garments and accessories.