MasterCraft Boat (MCFT) Set to Announce Quarterly Earnings on Wednesday

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) will issue its quarterly earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce 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 - Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.18. MasterCraft Boat had a net margin of 2.13% and a return on equity of 9.44%. The firm had revenue of $67.20 million during the quarter, compared to analyst estimates of $63.10 million. During the same quarter in the prior year, the business posted $1.33 EPS. The business's revenue was down 59.7% compared to the same quarter last year. 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 0.5 %

Shares of MCFT traded down $0.08 during trading hours on Wednesday, reaching $17.29. 73,171 shares of the stock traded hands, compared to its average volume of 158,094. MasterCraft Boat has a 52 week low of $16.12 and a 52 week high of $24.05. 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 stock has a fifty day simple moving average of $17.85 and a 200 day simple moving average of $19.29. The company has a market cap of $293.60 million, a price-to-earnings ratio of 7.79 and a beta of 1.61.

Wall Street Analysts Forecast Growth

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