MasterCraft Boat (NASDAQ:MCFT – Get Rating) will be announcing its earnings results before the market opens on Wednesday, May 11th. Analysts expect the company to announce earnings of $1.01 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
MasterCraft Boat (NASDAQ:MCFT – Get Rating) last announced its earnings results on Thursday, February 3rd. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.75 by $0.11. The business had revenue of $159.47 million during the quarter, compared to the consensus estimate of $153.52 million. MasterCraft Boat had a net margin of 9.87% and a return on equity of 58.85%. During the same quarter in the previous year, the firm posted $0.72 EPS. On average, analysts expect MasterCraft Boat to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of MCFT stock opened at $24.53 on Wednesday. The company has a market capitalization of $453.76 million, a price-to-earnings ratio of 7.76 and a beta of 1.88. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.38 and a current ratio of 1.48. The company has a 50-day simple moving average of $25.18 and a 200 day simple moving average of $26.50. MasterCraft Boat has a 52 week low of $22.08 and a 52 week high of $33.63.
MCFT has been the subject of several research analyst reports. Raymond James lifted their target price on shares of MasterCraft Boat from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, February 4th. Trust Financial reduced their target price on shares of MasterCraft Boat from $30.00 to $26.00 in a report on Wednesday, January 26th. Zacks Investment Research downgraded shares of MasterCraft Boat from a “buy” rating to a “hold” rating in a report on Saturday, April 9th. StockNews.com initiated coverage on shares of MasterCraft Boat in a report on Thursday, March 31st. They set a “buy” rating for the company. Finally, B. Riley reissued a “buy” rating and issued a $47.00 price objective on shares of MasterCraft Boat in a report on Monday, March 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $37.20.
Several large investors have recently modified their holdings of MCFT. Royal Bank of Canada raised its position in shares of MasterCraft Boat by 50.8% in the 3rd quarter. Royal Bank of Canada now owns 1,947 shares of the company’s stock valued at $48,000 after buying an additional 656 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of MasterCraft Boat by 354.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,839 shares of the company’s stock valued at $96,000 after buying an additional 2,994 shares in the last quarter. Citigroup Inc. its raised position in shares of MasterCraft Boat by 127.6% in the 4th quarter. Citigroup Inc. Now owns 4,774 shares of the company’s stock valued at $135,000 after buying an additional 2,676 shares in the last quarter. Renaissance Technologies LLC acquired a new position in MasterCraft Boat during the 4th quarter worth approximately $280,000. Finally, Bank of America Corp DE increased its position in MasterCraft Boat by 127.0% during the 4th quarter. Bank of America Corp DE now owns 10,104 shares of the company’s stock worth $286,000 after purchasing an additional 5,653 shares in the last quarter. Institutional investors own 89.93% of the company’s stock.
MasterCraft Boat Company Profile (Get Rating)
MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through three segments: MasterCraft, NauticStar, and Crest. The MasterCraft segment produces recreational performance sport boats and luxury day boats under the MasterCraft and Aviara brands, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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