MasterCraft Boat (MCFT) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MasterCraft Boat in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MCFT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MCFT, but not buy additional shares or sell existing shares.
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7 Wall Street research analysts have issued 1 year target prices for MasterCraft Boat's stock. Their MCFT share price targets range from $22.00 to $30.00. On average, they expect the company's share price to reach $24.67 in the next year. This suggests a possible upside of 18.1% from the stock's current price.
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MasterCraft Boat's stock was trading at $22.64 at the beginning of the year. Since then, MCFT stock has decreased by 7.8% and is now trading at $20.88.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
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MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) posted its quarterly earnings data on Wednesday, February, 7th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.20 by $0.17. The firm earned $99.48 million during the quarter, compared to analysts' expectations of $95.53 million. MasterCraft Boat had a trailing twelve-month return on equity of 32.01% and a net margin of 10.66%. The company's revenue for the quarter was down 37.5% compared to the same quarter last year. During the same period last year, the business posted $1.16 EPS.

ETFs with the largest weight of MasterCraft Boat (NASDAQ:MCFT) stock in their portfolio include Euclidean Fundamental Value ETF (ECML).First Trust Dow Jones Select Microcap Index Fund (FDM).

MasterCraft Boat updated its third quarter 2024 earnings guidance on Thursday, March, 28th. The company provided earnings per share guidance of 0.230-0.230 for the period, compared to the consensus earnings per share estimate of 0.230. The company issued revenue guidance of $92.0 million-$92.0 million, compared to the consensus revenue estimate of $92.8 million.

7 employees have rated MasterCraft Boat Chief Executive Officer John Dorton on Glassdoor.com. John Dorton has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other MasterCraft Boat investors own include ITT Educational Services (ESINQ), Malibu Boats (MBUU), Nektar Therapeutics (NKTR), THOR Industries (THO), Western Digital (WDC), Applied Materials (AMAT), United Parcel Service (UPS), Advanced Energy Industries (AEIS), NVIDIA (NVDA) and RTX (RTX).

MasterCraft Boat (MCFT) raised $85 million in an initial public offering (IPO) on Friday, July 17th 2015. The company issued 6,100,000 shares at $13.00-$15.00 per share. Baird, Raymond James and Wells Fargo Securities served as the underwriters for the IPO and KeyBanc Capital Markets and Wunderlich were co-managers.

MasterCraft Boat's stock is owned by many different institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.29%). Insiders that own company stock include Coliseum Capital Management, L and Donald C Campion.
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Shares of MCFT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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