MasterCraft Boat (NASDAQ:MCFT) Issues FY25 Earnings Guidance

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $0.55-$0.95 for the period, compared to the consensus EPS estimate of $0.62. The company issued revenue guidance of $270-$300 million, compared to the consensus revenue estimate of $281.36 million. MasterCraft Boat also updated its FY 2025 guidance to 0.550-0.950 EPS.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. B. Riley reduced their price target on MasterCraft Boat from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, July 10th. Stifel Nicolaus restated a "buy" rating and set a $22.00 price target on shares of MasterCraft Boat in a report on Friday, August 30th. StockNews.com cut MasterCraft Boat from a "hold" rating to a "sell" rating in a report on Monday, September 2nd. Truist Financial restated a "hold" rating and set a $15.00 price target on shares of MasterCraft Boat in a report on Friday, August 30th. Finally, DA Davidson reduced 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, MasterCraft Boat presently has an average rating of "Hold" and an average price target of $19.20.

MasterCraft Boat Trading Up 25.0 %

MCFT stock traded up $4.40 during trading on Wednesday, hitting $22.03. The company had a trading volume of 593,979 shares, compared to its average volume of 159,346. The business has a 50-day moving average of $17.59 and a 200-day moving average of $19.16. MasterCraft Boat has a one year low of $16.12 and a one year high of $24.05. The stock has a market cap of $365.85 million, a PE ratio of 50.68 and a beta of 1.61. The company has a current ratio of 1.99, a quick ratio of 1.42 and a debt-to-equity ratio of 0.24.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last announced its earnings results on Thursday, August 29th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.18. MasterCraft Boat had a return on equity of 9.44% and a net margin of 2.13%. The business had revenue of $67.20 million for the quarter, compared to analysts' expectations of $63.10 million. During the same period in the prior year, the business posted $1.33 earnings per share. The firm's revenue was down 59.7% on a year-over-year basis. Research analysts predict that MasterCraft Boat will post 0.49 earnings per share for the current fiscal year.

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.