MasterCraft Boat (NASDAQ:MCFT) Updates Q2 Earnings Guidance

MasterCraft Boat (NASDAQ:MCFT) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $(0.01) for the period, compared to the consensus earnings per share estimate of $0.02. MasterCraft Boat also updated its FY 2025 guidance to 0.550-0.950 EPS.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MCFT shares. DA Davidson boosted their target price on shares of MasterCraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday. StockNews.com lowered MasterCraft Boat from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $22.00 target price on shares of MasterCraft Boat in a research report on Friday, August 30th. B. Riley raised their target price on shares of MasterCraft Boat from $14.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Truist Financial increased their price target on MasterCraft Boat from $15.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $21.60.

MasterCraft Boat Trading Down 3.5 %

NASDAQ MCFT traded down $0.80 on Friday, reaching $21.86. The company had a trading volume of 120,901 shares, compared to its average volume of 159,860. The firm has a market cap of $363.09 million, a price-to-earnings ratio of 50.36 and a beta of 1.61. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.99 and a quick ratio of 1.42. MasterCraft Boat has a fifty-two week low of $16.12 and a fifty-two week high of $24.05. The business has a 50 day moving average of $17.71 and a two-hundred day moving average of $19.20.

MasterCraft Boat (NASDAQ:MCFT) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $65.40 million for the quarter, compared to analyst estimates of $61.19 million. MasterCraft Boat had a return on equity of 9.44% and a net margin of 2.13%. The firm’s quarterly revenue was down 37.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 earnings per share. Analysts forecast that MasterCraft Boat will post 0.49 EPS for the current 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.