MasterCraft Boat (MCFT) Scheduled to Post Quarterly Earnings on Wednesday

MasterCraft Boat (NASDAQ:MCFT) is scheduled to be announcing its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

MasterCraft Boat (NASDAQ:MCFT) last released its earnings results on Wednesday, February 7th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.17. MasterCraft Boat had a net margin of 10.66% and a return on equity of 32.01%. The firm had revenue of $99.48 million for the quarter, compared to the consensus estimate of $95.53 million. During the same period in the prior year, the firm earned $1.16 EPS. The company’s 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 0.7 %

Shares of NASDAQ MCFT opened at $20.05 on Monday. The stock has a market cap of $341.45 million, a P/E ratio of 6.13 and a beta of 1.65. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.11 and a quick ratio of 1.58. MasterCraft Boat has a 1 year low of $19.22 and a 1 year high of $31.70. The firm has a 50-day moving average of $21.74 and a 200 day moving average of $21.45.

Wall Street Analyst Weigh In

MCFT has been the topic of several recent research reports. B. Riley cut their price target on MasterCraft Boat from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Truist Financial increased their target price on MasterCraft Boat from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $24.67.

Insider Buying and Selling

In related news, major shareholder Coliseum Capital Management, L bought 118,620 shares of the stock in a transaction on Monday, March 18th. The shares were acquired at an average price of $21.84 per share, for a total transaction of $2,590,660.80. Following the purchase, the insider now owns 2,151,676 shares of the company’s stock, valued at $46,992,603.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last ninety days, insiders acquired 347,217 shares of company stock worth $7,430,463. 2.50% of the stock is owned by corporate 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.