Brokerages Expect MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Will Post Quarterly Sales of $166.32 Million

Equities analysts predict that MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT – Get Rating) will post sales of $166.32 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for MasterCraft Boat’s earnings, with the lowest sales estimate coming in at $164.96 million and the highest estimate coming in at $167.90 million. MasterCraft Boat posted sales of $147.85 million during the same quarter last year, which suggests a positive year-over-year growth rate of 12.5%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that MasterCraft Boat will report full-year sales of $654.83 million for the current financial year, with estimates ranging from $650.42 million to $657.10 million. For the next financial year, analysts expect that the business will post sales of $716.61 million, with estimates ranging from $696.70 million to $736.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover MasterCraft Boat.

MasterCraft Boat (NASDAQ:MCFT – Get Rating) last posted its quarterly earnings results on Thursday, February 3rd. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.11. The business had revenue of $159.47 million during the quarter, compared to the consensus estimate of $153.52 million. MasterCraft Boat had a net margin of 9.87% and a return on equity of 58.85%. During the same period in the previous year, the firm posted $0.72 earnings per share.

MCFT has been the topic of several research analyst reports. Truist Financial reduced their price target on shares of MasterCraft Boat from $30.00 to $26.00 in a research report on Wednesday, January 26th. B. Riley restated a “buy” rating and issued a $47.00 price objective on shares of MasterCraft Boat in a report on Monday, March 28th. Zacks Investment Research cut shares of MasterCraft Boat from a “buy” rating to a “hold” rating in a report on Saturday, April 9th. Raymond James upped their target price on shares of MasterCraft Boat from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, February 4th. Finally, StockNews.com started coverage on shares of MasterCraft Boat in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, MasterCraft Boat currently has a consensus rating of “Buy” and an average price target of $37.20.

A number of institutional investors have recently modified their holdings of MCFT. WINTON GROUP Ltd lifted its position in MasterCraft Boat by 14.8% during the third quarter. WINTON GROUP Ltd now owns 10,301 shares of the company’s stock valued at $258,000 after purchasing an additional 1,327 shares during the period. Vontobel Holding Ltd. raised its position in MasterCraft Boat by 53.6% in the third quarter. Vontobel Holding Ltd. now owns 42,118 shares of the company’s stock worth $1,056,000 after acquiring an additional 14,700 shares during the period. SG Americas Securities LLC bought a new position in MasterCraft Boat in the third quarter worth approximately $194,000. Victory Capital Management Inc. raised its position in MasterCraft Boat by 30.4% in the third quarter. Victory Capital Management Inc. now owns 100,100 shares of the company’s stock worth $2,511,000 after acquiring an additional 23,310 shares during the period. Finally, Seizert Capital Partners LLC raised its position in MasterCraft Boat by 7.6% in the third quarter. Seizert Capital Partners LLC now owns 172,550 shares of the company’s stock worth $4,328,000 after acquiring an additional 12,230 shares during the period. Institutional investors own 88.64% of the company’s stock.

Shares of NASDAQ:MCFT opened at $23.29 on Tuesday. The company has a market cap of $430.87 million, a price-to-earnings ratio of 7.37 and a beta of 2.00. The company has a 50-day moving average price of $26.27 and a 200-day moving average price of $26.68. The company has a current ratio of 1.48, a quick ratio of 0.38 and a debt-to-equity ratio of 0.57. MasterCraft Boat has a 12 month low of $22.08 and a 12 month high of $33.63.

MasterCraft Boat Company Profile (Get Rating)

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through three segments: MasterCraft, NauticStar, and Crest. The MasterCraft segment produces recreational performance sport boats and luxury day boats under the MasterCraft and Aviara brands, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

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