MasterCraft Boat (MCFT) to Release Earnings on Thursday

MasterCraft Boat (NASDAQ:MCFT) is expected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect MasterCraft Boat to post earnings of $0.01 per share and revenue of $60.79 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

MasterCraft Boat (NASDAQ:MCFT) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.09. MasterCraft Boat had a negative net margin of 1.08% and a positive return on equity of 6.55%. The business had revenue of $65.40 million for the quarter, compared to analysts’ expectations of $61.19 million. During the same quarter last year, the company posted $0.43 EPS. The company’s revenue was down 37.2% compared to the same quarter last year. On average, analysts expect MasterCraft Boat to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

MasterCraft Boat Price Performance

NASDAQ MCFT opened at $17.98 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28. MasterCraft Boat has a 12 month low of $16.12 and a 12 month high of $24.05. The stock has a market cap of $302.06 million, a price-to-earnings ratio of -78.17 and a beta of 1.67. The company’s 50 day moving average is $19.11 and its two-hundred day moving average is $18.99.

Wall Street Analysts Forecast Growth

MCFT has been the topic of several research analyst reports. B. Riley boosted their price objective on MasterCraft Boat from $14.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. DA Davidson increased their price objective on shares of MasterCraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th. StockNews.com raised shares of MasterCraft Boat from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Truist Financial cut their target price on shares of MasterCraft Boat from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.75.

Insider Transactions at MasterCraft Boat

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L purchased 53,853 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was purchased at an average price of $18.87 per share, with a total value of $1,016,206.11. Following the acquisition, the insider now owns 3,426,523 shares in the company, valued at approximately $64,658,489.01. The trade was a 1.60 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.00% of the company’s stock.

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.