MasterCraft Boat (NASDAQ:MCFT - Get Free Report) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $(0.01) for the period, compared to the consensus EPS estimate of $0.02. MasterCraft Boat also updated its FY 2025 guidance to 0.550-0.950 EPS.
Analyst Upgrades and Downgrades
Several research firms have recently commented on MCFT. DA Davidson cut their price objective on MasterCraft Boat from $20.00 to $17.00 and set a "neutral" rating for the company in a report on Tuesday, September 10th. B. Riley cut their price objective on MasterCraft Boat from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, July 10th. StockNews.com downgraded MasterCraft Boat from a "hold" rating to a "sell" rating in a report on Monday, September 2nd. Stifel Nicolaus reaffirmed a "buy" rating and set a $22.00 price target on shares of MasterCraft Boat in a report on Friday, August 30th. Finally, Truist Financial reaffirmed a "hold" rating and set a $15.00 price target on shares of MasterCraft Boat in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, MasterCraft Boat currently has an average rating of "Hold" and a consensus target price of $19.20.
Get Our Latest Analysis on MasterCraft Boat
MasterCraft Boat Stock Performance
MCFT stock traded up $4.40 during trading hours on Wednesday, hitting $22.03. 593,979 shares of the stock were exchanged, compared to its average volume of 159,346. The company has a current ratio of 1.99, a quick ratio of 1.42 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $365.85 million, a P/E ratio of 50.68 and a beta of 1.61. The company has a 50-day simple moving average of $17.59 and a two-hundred day simple moving average of $19.16. MasterCraft Boat has a 12 month low of $16.12 and a 12 month high of $24.05.
MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $0.18. The business had revenue of $67.20 million during the quarter, compared to the consensus estimate of $63.10 million. MasterCraft Boat had a return on equity of 9.44% and a net margin of 2.13%. MasterCraft Boat's revenue for the quarter was down 59.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.33 earnings per share. On average, analysts forecast that MasterCraft Boat will post 0.49 earnings per share for the current fiscal year.
MasterCraft Boat Company Profile
(
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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.
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