MasterCraft Boat (MCFT) Scheduled to Post Quarterly Earnings on Wednesday

MasterCraft Boat (NASDAQ:MCFT) is scheduled to post its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect MasterCraft Boat to post 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) last issued its earnings results on Thursday, August 29th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.18. The firm had revenue of $67.20 million during the quarter, compared to analysts’ expectations of $63.10 million. MasterCraft Boat had a net margin of 2.13% and a return on equity of 9.44%. The firm’s revenue for the quarter was down 59.7% compared to the same quarter last year. During the same period last year, the firm posted $1.33 earnings per share. 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 Up 1.6 %

Shares of MasterCraft Boat stock opened at $17.64 on Monday. 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 firm has a market capitalization of $293.00 million, a PE ratio of 40.09 and a beta of 1.61. The stock’s fifty day moving average is $17.70 and its 200-day moving average is $19.22.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MCFT. B. Riley decreased their target price on shares of 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 lowered shares of MasterCraft Boat from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Stifel Nicolaus reissued a “buy” rating and set a $22.00 target price on shares of MasterCraft Boat in a research note on Friday, August 30th. DA Davidson cut their target price on shares of MasterCraft Boat from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, September 10th. Finally, 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $19.20.

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.