MasterCraft Boat (MCFT) to Release Quarterly Earnings on Thursday

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) is projected to announce its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce 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 - Get Free Report) last posted 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. The firm had revenue of $65.40 million for the quarter, compared to the consensus estimate of $61.19 million. MasterCraft Boat had a negative net margin of 1.08% and a positive return on equity of 6.55%. The company's revenue for the quarter was down 37.2% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share. 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

MCFT stock traded up $0.79 during mid-day trading on Thursday, reaching $19.10. The company's stock had a trading volume of 33,806 shares, compared to its average volume of 61,275. The stock has a market cap of $320.80 million, a PE ratio of -83.04 and a beta of 1.67. The company's 50 day moving average is $19.36 and its two-hundred day moving average is $19.05. MasterCraft Boat has a fifty-two week low of $16.12 and a fifty-two week high of $24.05. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28.

Insider Buying and Selling

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L purchased 55,000 shares of MasterCraft Boat stock in a transaction dated Monday, December 30th. The shares were acquired at an average price of $18.83 per share, with a total value of $1,035,650.00. Following the completion of the transaction, the insider now owns 3,562,615 shares of the company's stock, valued at $67,084,040.45. This trade represents a 1.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. B. Riley upped their target price on MasterCraft Boat from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Truist Financial cut their price target on shares of MasterCraft Boat from $22.00 to $20.00 and set a "hold" rating for the company in a report on Tuesday, January 7th. StockNews.com cut MasterCraft Boat from a "hold" rating to a "sell" rating in a report on Monday. Finally, DA Davidson raised their target price on MasterCraft Boat from $17.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, MasterCraft Boat has an average rating of "Hold" and a consensus target price of $20.75.

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.