MasterCraft Boat (NASDAQ:MCFT) Updates FY25 Earnings Guidance

MasterCraft Boat (NASDAQ:MCFT) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.55-$0.95 for the period, compared to the consensus earnings per share estimate of $0.62. The company issued revenue guidance of $270-$300 million, compared to the consensus revenue estimate of $281.36 million. MasterCraft Boat also updated its FY 2025 guidance to 0.550-0.950 EPS.

Analyst Ratings Changes

Several research analysts have weighed in 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. StockNews.com downgraded MasterCraft Boat from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. B. Riley boosted their price target on MasterCraft Boat from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday. DA Davidson boosted their price target on MasterCraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a report on Friday. Finally, Truist Financial upped their price objective on MasterCraft Boat from $15.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, MasterCraft Boat presently has an average rating of “Hold” and an average target price of $21.60.

MasterCraft Boat Stock Down 3.5 %

Shares of MasterCraft Boat stock opened at $21.86 on Friday. The company has a fifty day moving average price of $17.78 and a 200 day moving average price of $19.21. The company has a current ratio of 1.99, a quick ratio of 1.42 and a debt-to-equity ratio of 0.24. MasterCraft Boat has a twelve month low of $16.12 and a twelve month high of $24.05. The stock has a market cap of $363.09 million, a price-to-earnings ratio of -95.04 and a beta of 1.61.

MasterCraft Boat (NASDAQ:MCFT) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $65.40 million during the quarter, compared to analysts’ expectations of $61.19 million. MasterCraft Boat had a negative net margin of 1.08% and a positive return on equity of 6.42%. The firm’s revenue for the quarter was down 37.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. Equities research analysts forecast that MasterCraft Boat will post 0.49 earnings per share for the current fiscal year.

MasterCraft Boat Company Profile

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.