MasterCraft Boat (NASDAQ:MCFT) Posts Earnings Results, Beats Estimates By $0.09 EPS

MasterCraft Boat (NASDAQ:MCFT) posted its quarterly earnings data on Wednesday. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09, Briefing.com reports. MasterCraft Boat had a net margin of 2.13% and a return on equity of 9.44%. The company had revenue of $65.40 million during the quarter, compared to the consensus estimate of $61.19 million. During the same period in the previous year, the firm posted $0.43 EPS. The firm’s revenue was down 37.2% compared to the same quarter last year.

MasterCraft Boat Stock Up 2.9 %

Shares of NASDAQ MCFT traded up $0.63 during trading hours on Thursday, hitting $22.66. 305,675 shares of the stock were exchanged, compared to its average volume of 160,041. The company has a quick ratio of 1.42, a current ratio of 1.99 and a debt-to-equity ratio of 0.24. MasterCraft Boat has a 12 month low of $16.12 and a 12 month high of $24.05. The company has a market cap of $376.38 million, a PE ratio of 51.50 and a beta of 1.61. The firm has a fifty day moving average price of $17.71 and a 200-day moving average price of $19.20.

Analyst Ratings Changes

MCFT has been the subject of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $22.00 target price on shares of MasterCraft Boat in a report on Friday, August 30th. StockNews.com downgraded shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Truist Financial raised their price target on shares of MasterCraft Boat from $15.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday. DA Davidson dropped their target price on shares of MasterCraft Boat from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, September 10th. Finally, B. Riley raised their target price on shares of MasterCraft Boat from $14.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.40.

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.