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.

MasterCraft Boat Price Performance

Shares of MCFT stock traded down $0.81 during trading hours on Friday, hitting $21.85. 91,790 shares of the company’s stock were exchanged, compared to its average volume of 159,726. The stock’s 50-day moving average is $17.71 and its 200-day moving average is $19.20. 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 52 week low of $16.12 and a 52 week high of $24.05. The stock has a market cap of $362.93 million, a price-to-earnings ratio of 50.36 and a beta of 1.61.

MasterCraft Boat (NASDAQ:MCFT) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (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 net margin of 2.13% and a return on equity of 9.44%. MasterCraft Boat’s quarterly revenue was down 37.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 earnings per share. As a group, research analysts forecast that MasterCraft Boat will post 0.49 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.