MasterCraft Boat (NASDAQ:MCFT) Updates FY 2025 Earnings Guidance

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.710-0.710 for the period, compared to the consensus earnings per share estimate of 0.730. The company issued revenue guidance of $275.0 million-$275.0 million, compared to the consensus revenue estimate of $285.7 million.

Wall Street Analyst Weigh In

MCFT has been the topic of a number of recent analyst reports. Raymond James dropped their price target on shares of MasterCraft Boat from $24.00 to $21.00 and set an "outperform" rating on the stock in a research report on Thursday. Robert W. Baird reissued a "neutral" rating and issued a $20.00 price target (down from $26.00) on shares of MasterCraft Boat in a report on Friday, April 4th. Baird R W lowered shares of MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Truist Financial lifted their price objective on shares of MasterCraft Boat from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Thursday. Finally, StockNews.com raised shares of MasterCraft Boat from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $20.00.

MasterCraft Boat Stock Down 2.1 %

MCFT traded down $0.36 on Friday, hitting $17.11. The company's stock had a trading volume of 71,591 shares, compared to its average volume of 136,153. The company's 50 day simple moving average is $16.70 and its 200-day simple moving average is $18.29. MasterCraft Boat has a 12 month low of $14.39 and a 12 month high of $23.00. The firm has a market cap of $286.64 million, a P/E ratio of -42.77 and a beta of 1.12.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.12. MasterCraft Boat had a positive return on equity of 3.74% and a negative net margin of 2.29%. The company had revenue of $75.96 million during the quarter, compared to analysts' expectations of $75.15 million. During the same period in the previous year, the business earned $0.37 earnings per share. The firm's quarterly revenue was down 9.5% compared to the same quarter last year. Equities analysts predict that MasterCraft Boat will post 0.62 earnings per share for the current fiscal year.

Insider Activity

In other MasterCraft Boat news, major shareholder Fund L.P. Forager bought 11,172 shares of MasterCraft Boat stock in a transaction that occurred on Thursday, April 17th. The stock was acquired at an average cost of $15.82 per share, for a total transaction of $176,741.04. Following the completion of the transaction, the insider now directly owns 1,724,941 shares in the company, valued at $27,288,566.62. This represents a 0.65 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders bought 77,420 shares of company stock worth $1,261,191. 4.00% of the stock is owned by company insiders.

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.