MasterCraft Boat (MCFT) Scheduled to Post Earnings on Wednesday

MasterCraft Boat (NASDAQ:MCFT) will be issuing its quarterly earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.03 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) last announced its earnings results on Thursday, August 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.18. MasterCraft Boat had a return on equity of 9.44% and a net margin of 2.13%. The business had revenue of $67.20 million for the quarter, compared to analysts’ expectations of $63.10 million. During the same period last year, the firm posted $1.33 earnings per share. The business’s revenue for the quarter was down 59.7% on a year-over-year basis. 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 Price Performance

NASDAQ MCFT opened at $17.45 on Tuesday. 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 capitalization of $289.79 million, a P/E ratio of 39.66 and a beta of 1.61. The company has a 50-day moving average price of $17.64 and a 200-day moving average price of $19.18. MasterCraft Boat has a 52 week low of $16.12 and a 52 week high of $24.05.

Wall Street Analysts Forecast Growth

MCFT has been the topic of several analyst reports. Truist Financial reiterated a “hold” rating and set a $15.00 price target on shares of MasterCraft Boat in a research note on Friday, August 30th. Stifel Nicolaus reiterated a “buy” rating and set a $22.00 target price on shares of MasterCraft Boat in a research report on Friday, August 30th. B. Riley reduced their price target on MasterCraft Boat from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. DA Davidson decreased their price objective on MasterCraft Boat from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 10th. Finally, StockNews.com downgraded MasterCraft Boat from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MasterCraft Boat currently has an average rating of “Hold” and a consensus 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.