MasterCraft Boat (MCFT) Scheduled to Post Quarterly Earnings on Wednesday

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect MasterCraft Boat to post earnings of $0.21 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

MasterCraft Boat (NASDAQ:MCFT - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.17. The business had revenue of $99.48 million during the quarter, compared to analyst estimates of $95.53 million. MasterCraft Boat had a return on equity of 32.01% and a net margin of 10.66%. MasterCraft Boat's quarterly revenue was down 37.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 EPS. On average, analysts expect MasterCraft Boat to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MasterCraft Boat Stock Down 1.3 %

NASDAQ MCFT traded down $0.26 on Wednesday, reaching $19.97. The company had a trading volume of 145,944 shares, compared to its average volume of 125,076. The stock has a market capitalization of $340.09 million, a P/E ratio of 6.19 and a beta of 1.64. The company's fifty day moving average is $21.87 and its 200 day moving average is $21.51. MasterCraft Boat has a 52-week low of $19.22 and a 52-week high of $31.70. The company has a quick ratio of 1.58, a current ratio of 2.11 and a debt-to-equity ratio of 0.24.

Analysts Set New Price Targets

MCFT has been the subject of a number of analyst reports. Truist Financial increased their price target on MasterCraft Boat from $20.00 to $22.00 and gave the company a "hold" rating in a research report on Tuesday, January 9th. B. Riley reduced their price objective on MasterCraft Boat from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $24.67.

Insider Buying and Selling at MasterCraft Boat

In other news, major shareholder Coliseum Capital Management, L purchased 118,620 shares of the business's stock in a transaction dated Monday, March 18th. The stock was bought at an average price of $21.84 per share, for a total transaction of $2,590,660.80. Following the purchase, the insider now owns 2,151,676 shares of the company's stock, valued at $46,992,603.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 347,217 shares of company stock worth $7,430,463 in the last quarter. 2.50% of the stock is currently 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.