MasterCraft Boat (NASDAQ:MCFT) Issues Q1 Earnings Guidance

MasterCraft Boat (NASDAQ:MCFT) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of ~$0.04 for the period, compared to the consensus EPS estimate of $0.09. The company issued revenue guidance of ~$61 million, compared to the consensus revenue estimate of $77.81 million. MasterCraft Boat also updated its FY 2025 guidance to 0.360-0.870 EPS.

MasterCraft Boat Trading Down 2.9 %

MCFT stock traded down $0.55 on Friday, hitting $18.11. 38,245 shares of the company were exchanged, compared to its average volume of 156,097. MasterCraft Boat has a twelve month low of $17.31 and a twelve month high of $24.05. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 1.54. The business’s fifty day moving average is $19.52 and its two-hundred day moving average is $20.71. The stock has a market capitalization of $307.53 million, a price-to-earnings ratio of 8.11 and a beta of 1.63.

MasterCraft Boat (NASDAQ:MCFT) last issued its quarterly earnings results on Thursday, August 29th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.21. MasterCraft Boat had a net margin of 8.26% and a return on equity of 21.71%. The firm had revenue of $67.20 million during the quarter, compared to analyst estimates of $63.10 million. During the same quarter in the prior year, the business posted $1.33 earnings per share. MasterCraft Boat’s revenue for the quarter was down 59.7% compared to the same quarter last year. As a group, research analysts forecast that MasterCraft Boat will post 0.85 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MCFT shares. B. Riley dropped their price objective on shares of MasterCraft Boat from $22.00 to $19.00 and set a neutral rating for the company in a research report on Wednesday, July 10th. Truist Financial reissued a hold rating and issued a $15.00 price objective on shares of MasterCraft Boat in a research report on Friday. Finally, Stifel Nicolaus reissued a buy rating and issued a $22.00 price objective on shares of MasterCraft Boat in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, MasterCraft Boat currently has an average rating of Hold and an average target price of $21.83.

Insider Activity

In other news, major shareholder Coliseum Capital Management, L bought 24,054 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was acquired at an average cost of $19.53 per share, for a total transaction of $469,774.62. Following the completion of the purchase, the insider now owns 3,289,208 shares of the company’s stock, valued at $64,238,232.24. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders bought 296,502 shares of company stock worth $5,948,360. 2.50% of the stock is currently owned by company insiders.

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.