MasterCraft Boat (NASDAQ:MCFT) Issues FY25 Earnings Guidance

MasterCraft Boat (NASDAQ:MCFT) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.36-0.87 for the period, compared to the consensus estimate of $1.53. The company issued revenue guidance of $265-300 million, compared to the consensus revenue estimate of $386.02 million. MasterCraft Boat also updated its FY 2025 guidance to 0.360-0.870 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Stifel Nicolaus decreased their price target on MasterCraft Boat from $25.00 to $22.00 and set a buy rating on the stock in a research note on Friday, July 12th. Truist Financial decreased their price target on MasterCraft Boat from $20.00 to $15.00 and set a hold rating on the stock in a research note on Monday, July 8th. Finally, B. Riley decreased their price target on MasterCraft Boat from $22.00 to $19.00 and set a neutral rating on the stock in a research note on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and an average target price of $21.83.

MasterCraft Boat Stock Down 2.6 %

Shares of NASDAQ MCFT traded down $0.52 during mid-day trading on Thursday, hitting $19.34. The company had a trading volume of 118,445 shares, compared to its average volume of 155,949. The company has a market capitalization of $328.41 million, a PE ratio of 8.56 and a beta of 1.63. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 1.54. MasterCraft Boat has a 1-year low of $17.31 and a 1-year high of $24.05. The business’s 50-day simple moving average is $19.53 and its 200 day simple moving average is $20.72.

Insider Activity

In related news, major shareholder Coliseum Capital Management, L acquired 18,084 shares of MasterCraft Boat stock in a transaction dated Monday, June 10th. The shares were acquired at an average cost of $20.57 per share, for a total transaction of $371,987.88. Following the completion of the purchase, the insider now owns 3,073,973 shares in the company, valued at $63,231,624.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 296,502 shares of company stock worth $5,948,360. Corporate insiders own 2.50% of the company’s stock.

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.