MasterCraft Boat (MCFT) to Release Quarterly Earnings on Wednesday

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

MasterCraft Boat (NASDAQ:MCFT) last announced its quarterly earnings data on Thursday, August 29th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.18. The business had revenue of $67.20 million during the quarter, compared to analyst estimates of $63.10 million. MasterCraft Boat had a return on equity of 9.44% and a net margin of 2.13%. The company’s revenue for the quarter was down 59.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 earnings per share. 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 Stock Down 1.1 %

NASDAQ:MCFT opened at $17.45 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.99 and a quick ratio of 1.42. The firm’s 50-day moving average price is $17.64 and its 200-day moving average price is $19.18. The company has a market capitalization of $289.79 million, a PE ratio of 39.66 and a beta of 1.61. MasterCraft Boat has a 1-year low of $16.12 and a 1-year high of $24.05.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MCFT shares. StockNews.com lowered shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. DA Davidson dropped their target price on MasterCraft Boat from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, September 10th. B. Riley reduced their price target on MasterCraft Boat from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Truist Financial reaffirmed a “hold” rating and issued a $15.00 price target on shares of MasterCraft Boat in a research report on Friday, August 30th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $22.00 target price on shares of MasterCraft Boat in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.