MasterCraft Boat (MCFT) to Release Earnings on Wednesday

MasterCraft Boat (NASDAQ:MCFT) will be announcing its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

MasterCraft Boat (NASDAQ:MCFT) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.17. The business had revenue of $99.48 million for the quarter, compared to analyst estimates of $95.53 million. MasterCraft Boat had a net margin of 10.66% and a return on equity of 32.01%. The business’s revenue was down 37.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.16 earnings per share. On average, analysts expect MasterCraft Boat to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MasterCraft Boat Price Performance

Shares of NASDAQ:MCFT opened at $20.05 on Monday. MasterCraft Boat has a 52 week low of $19.22 and a 52 week high of $31.70. The company has a 50-day moving average price of $21.74 and a 200 day moving average price of $21.45. The company has a market cap of $341.45 million, a P/E ratio of 6.13 and a beta of 1.65. The company has a quick ratio of 1.58, a current ratio of 2.11 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling

In other news, major shareholder Coliseum Capital Management, L bought 118,620 shares of the stock in a transaction on Monday, March 18th. The shares were bought at an average price of $21.84 per share, with a total value of $2,590,660.80. Following the completion of the acquisition, the insider now owns 2,151,676 shares of the company’s stock, valued at $46,992,603.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders bought 347,217 shares of company stock valued at $7,430,463. 2.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. B. Riley decreased their price target on MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Truist Financial boosted their target price on shares of MasterCraft Boat from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Tuesday, January 9th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, MasterCraft Boat presently has an average rating of “Hold” and a consensus target price of $24.67.

About MasterCraft Boat

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.