Mastercraft Boat (NASDAQ:MCFT) Releases Earnings Results, Beats Expectations By $0.22 EPS

Key Points

• Mastercraft Boat reported earnings of $0.40 per share for the quarter, surpassing expectations by $0.22, while revenue increased by 46.4% year-over-year.
• Despite the earnings beat, shares of Mastercraft Boat fell by 2.1% following the announcement.
• Analysts show mixed sentiment with a consensus rating of "Hold" and price targets ranging from $17.00 to $21.00.

Mastercraft Boat (NASDAQ:MCFT - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.22, Briefing.com reports. Mastercraft Boat had a negative net margin of 2.46% and a positive return on equity of 3.34%. The business's quarterly revenue was up 46.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) EPS. Mastercraft Boat updated its FY 2026 guidance to 1.150-1.40 EPS and its Q1 2026 guidance to 0.160-0.160 EPS.

Mastercraft Boat Stock Down 2.1%

Shares of MCFT opened at $20.90 on Wednesday. The business's 50 day moving average is $19.71 and its two-hundred day moving average is $18.11. Mastercraft Boat has a 52-week low of $14.39 and a 52-week high of $23.00. The firm has a market cap of $346.94 million, a price-to-earnings ratio of -53.59 and a beta of 1.00.

Analyst Ratings Changes

MCFT has been the subject of a number of research analyst reports. Raymond James Financial lowered their price target on Mastercraft Boat from $24.00 to $21.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Truist Financial increased their price target on Mastercraft Boat from $16.00 to $17.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. Finally, Wall Street Zen raised Mastercraft Boat from a "sell" rating to a "hold" rating in a report on Saturday, May 10th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $20.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming bought a new position in Mastercraft Boat during the 2nd quarter worth $61,000. Jane Street Group LLC purchased a new stake in shares of Mastercraft Boat during the first quarter valued at $236,000. Quantinno Capital Management LP lifted its stake in Mastercraft Boat by 18.0% in the 2nd quarter. Quantinno Capital Management LP now owns 16,327 shares of the company's stock worth $303,000 after acquiring an additional 2,496 shares in the last quarter. Marshall Wace LLP purchased a new stake in Mastercraft Boat in the 2nd quarter worth about $684,000. Finally, First Trust Advisors LP lifted its stake in Mastercraft Boat by 3.1% in the 2nd quarter. First Trust Advisors LP now owns 41,276 shares of the company's stock worth $767,000 after acquiring an additional 1,259 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors.

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.

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