MasterCraft Boat (MCFT) Scheduled to Post Earnings on Wednesday

MasterCraft Boat (NASDAQ:MCFT) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

MasterCraft Boat (NASDAQ:MCFT) last announced its earnings results on Thursday, August 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.18. MasterCraft Boat had a return on equity of 9.44% and a net margin of 2.13%. The firm had revenue of $67.20 million during the quarter, compared to analysts’ expectations of $63.10 million. During the same quarter in the prior year, the business earned $1.33 earnings per share. The company’s revenue was down 59.7% on a year-over-year basis. On average, analysts expect MasterCraft Boat to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

MasterCraft Boat Trading Up 1.6 %

NASDAQ:MCFT opened at $17.64 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.99 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $17.70 and its 200-day moving average is $19.22. The firm has a market cap of $293.00 million, a price-to-earnings ratio of 40.09 and a beta of 1.61. MasterCraft Boat has a 12 month low of $16.12 and a 12 month high of $24.05.

Analyst Upgrades and Downgrades

MCFT has been the subject of a number of research analyst reports. Truist Financial reissued a “hold” rating and set a $15.00 target price on shares of MasterCraft Boat in a research report on Friday, August 30th. Stifel Nicolaus reissued a “buy” rating and set a $22.00 price objective on shares of MasterCraft Boat in a research report on Friday, August 30th. B. Riley lowered their target price on MasterCraft Boat from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. DA Davidson cut their price target on MasterCraft Boat from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, September 10th. Finally, StockNews.com cut MasterCraft Boat from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, MasterCraft Boat has an average rating of “Hold” and a consensus price target of $19.20.

MasterCraft Boat Company Profile

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.