MasterCraft Boat (NASDAQ:MCFT) Releases 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 EPS guidance of 0.710-0.710 for the period, compared to the consensus EPS 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.

MasterCraft Boat Stock Performance

Shares of MCFT stock traded up $0.77 during trading hours on Monday, reaching $17.88. The company had a trading volume of 58,537 shares, compared to its average volume of 135,663. The business has a fifty day moving average price of $16.70 and a 200-day moving average price of $18.32. The firm has a market cap of $296.81 million, a PE ratio of -44.69 and a beta of 1.12. MasterCraft Boat has a one year low of $14.39 and a one year high of $23.00.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on MCFT. B. Riley raised shares of MasterCraft Boat to a "hold" rating in a report on Wednesday, February 12th. Truist Financial boosted their price objective on shares of MasterCraft Boat from $16.00 to $17.00 and gave the company a "hold" rating in a research report on Thursday. Baird R W cut shares of MasterCraft Boat from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. StockNews.com upgraded shares of MasterCraft Boat from a "sell" rating to a "hold" rating in a report on Saturday. Finally, DA Davidson lowered their price objective on shares of MasterCraft Boat from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $20.00.

Insider Buying and Selling

In related news, major shareholder Fund L.P. Forager purchased 4,658 shares of MasterCraft Boat stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average price of $15.09 per share, for a total transaction of $70,289.22. Following the acquisition, the insider now directly owns 1,702,353 shares in the company, valued at approximately $25,688,506.77. The trade was a 0.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have acquired 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.