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

MasterCraft Boat (NASDAQ:MCFT) announced its quarterly earnings data on Wednesday. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.03 by $0.09, Briefing.com reports. The firm 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 company’s revenue was down 37.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 EPS.

MasterCraft Boat Trading Up 2.9 %

Shares of MasterCraft Boat stock traded up $0.63 during trading on Thursday, reaching $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. The firm has a market cap of $376.38 million, a price-to-earnings ratio of 51.50 and a beta of 1.61. MasterCraft Boat has a 1 year low of $16.12 and a 1 year high of $24.05. The stock’s fifty day moving average is $17.71 and its 200 day moving average is $19.20.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of MasterCraft Boat from $15.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday. DA Davidson cut their price target 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. B. Riley lifted their price objective on MasterCraft Boat from $14.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday. Stifel Nicolaus reissued a “buy” rating and issued a $22.00 target price on shares of MasterCraft Boat in a research note on Friday, August 30th. Finally, StockNews.com lowered MasterCraft Boat from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.