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Stifel Cuts Price Target on ClubCorp Holdings (MYCC) to $17; Reiterates Buy

Go back to Stifel Cuts Price Target on ClubCorp Holdings (MYCC) to $17; Reiterates Buy

Imperial Capital Cuts Price Target on ClubCorp Holdings (MYCC) to $16 Following 3Q Report

October 17, 2016 7:07 AM EDT

Imperial Capital maintained an Outperform rating on ClubCorp Holdings (NYSE: MYCC), and cut the price target to $16.00 (from $21.00), following the company's 3Q earnings report. At the end of 2016, ClubCorp will have completed reinvention capex at nearly all 2014-2016 acquired clubs. Additionally, ClubCorp is... More

ClubCorp Holdings (MYCC) Misses Q3 EPS by 6c

October 13, 2016 9:22 AM EDT

ClubCorp Holdings (NYSE: MYCC) reported Q3 EPS of $0.02, $0.06 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $259.3 million versus the consensus estimate of $264.83 million.

Same Store Clubs revenue was up $1.1 million, up 0.5% to $242.1 million, driven by increases in dues revenue up 2.6% and a la carte and private events food & beverage revenue up 0.5%. This result was offset by golf operations revenue down (3.0)% impacted by lower rounds played.Same-store adjusted EBITDA grew $1.7 million, up 2.7% to $65.0 million, due to increased revenue and favorable operating expenses as a percentage of revenue.... More

Trading Radar for 10/13: Delta Air Lines (DAL), Winnebago (WGO), Lindsay (LNN), Progressive (PGR) Report

October 12, 2016 2:50 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 255kContinuing Claims - no Street consensusExport Prices: ex Ag. - no Street consensusImport... More