MasterCraft Boat (MCFT) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MasterCraft Boat in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MCFT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MCFT, but not buy additional shares or sell existing shares.
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7 analysts have issued 12-month price targets for MasterCraft Boat's shares. Their MCFT share price forecasts range from $22.00 to $33.00. On average, they expect the company's stock price to reach $26.00 in the next twelve months. This suggests a possible upside of 24.0% from the stock's current price.
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MasterCraft Boat's stock was trading at $25.87 at the beginning of the year. Since then, MCFT shares have decreased by 19.0% and is now trading at $20.96.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
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MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) released its earnings results on Wednesday, August, 30th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.30. The business earned $166.57 million during the quarter, compared to analyst estimates of $161.88 million. MasterCraft Boat had a trailing twelve-month return on equity of 54.60% and a net margin of 10.41%.

ETFs with the largest weight of MasterCraft Boat (NASDAQ:MCFT) stock in their portfolio include Euclidean Fundamental Value ETF (ECML) and First Trust Dow Jones Select Microcap Index Fund (FDM).iShares US Small Cap Value Factor ETF (SVAL).

MasterCraft Boat issued an update on its FY 2024 earnings guidance on Wednesday, August, 30th. The company provided earnings per share (EPS) guidance of $1.46-$1.88 for the period, compared to the consensus EPS estimate of $3.94. The company issued revenue guidance of $390.00 million-$420.00 million, compared to the consensus revenue estimate of $569.27 million.

7 employees have rated MasterCraft Boat Chief Executive Officer John Dorton on Glassdoor.com. John Dorton has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other MasterCraft Boat investors own include ITT Educational Services (ESINQ), Malibu Boats (MBUU), Nektar Therapeutics (NKTR), THOR Industries (THO), Western Digital (WDC), Applied Materials (AMAT), United Parcel Service (UPS), Advanced Energy Industries (AEIS), NVIDIA (NVDA) and RTX (RTX).

(MCFT) raised $85 million in an initial public offering (IPO) on Friday, July 17th 2015. The company issued 6,100,000 shares at a price of $13.00-$15.00 per share. Baird, Raymond James and Wells Fargo Securities served as the underwriters for the IPO and KeyBanc Capital Markets and Wunderlich were co-managers.

MasterCraft Boat trades on the NASDAQ under the ticker symbol "MCFT."

MasterCraft Boat's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.90%), Forager Capital Management LLC (7.08%), Coliseum Capital Management LLC (4.32%), Capital World Investors (3.71%), Dimensional Fund Advisors LP (3.30%) and Assenagon Asset Management S.A. (2.46%). Insiders that own company stock include Coliseum Capital Management, L and Donald C Campion.
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Shares of MCFT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MCFT stock can currently be purchased for approximately $20.96.

MasterCraft Boat (NASDAQ:MCFT) has a market capitalization of $360.51 million and generates $662.05 million in revenue each year. The company earns $68.94 million in net income (profit) each year or $3.91 on an earnings per share basis.

The company employs 1,060 workers across the globe.

MasterCraft Boat's mailing address is 100 CHEROKEE COVE DRIVE, VONORE TN, 37885. The official website for the company is www.mastercraft.com. The company can be reached via phone at (423) 884-2221 or via email at matt.sullivan@padillacrt.com.