MasterCraft Boat (MCFT) Set to Announce Earnings on Wednesday

MasterCraft Boat (NASDAQ:MCFT) will be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect MasterCraft Boat to post earnings of $0.21 per share for the quarter. Individual interested in listening to the company’s earnings 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, beating the consensus estimate of $0.20 by $0.17. MasterCraft Boat had a return on equity of 32.01% and a net margin of 10.66%. The firm had revenue of $99.48 million for the quarter, compared to analyst estimates of $95.53 million. During the same period in the previous year, the company posted $1.16 earnings per share. The company’s quarterly revenue was down 37.5% compared to the same quarter last year. 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 Trading Up 1.0 %

Shares of MCFT opened at $20.26 on Tuesday. MasterCraft Boat has a 12-month low of $19.22 and a 12-month high of $31.70. The company has a quick ratio of 1.58, a current ratio of 2.11 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $345.03 million, a price-to-earnings ratio of 6.20 and a beta of 1.65. The stock’s 50-day moving average price is $21.70 and its 200 day moving average price is $21.44.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. B. Riley decreased their price objective on MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Truist Financial lifted their price objective on MasterCraft Boat from $20.00 to $22.00 and gave the company a “hold” rating in a report on Tuesday, January 9th. 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, the company presently has a consensus rating of “Hold” and an average target price of $24.67.

Insider Buying and Selling

In related news, major shareholder Coliseum Capital Management, L acquired 118,620 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $21.84 per share, for a total transaction of $2,590,660.80. Following the transaction, the insider now directly owns 2,151,676 shares of the company’s stock, valued at approximately $46,992,603.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 347,217 shares of company stock worth $7,430,463 in the last quarter. Insiders own 2.50% 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.