MasterCraft Boat - MCFT Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MasterCraft Boat in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MCFT shares.
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5 brokerages have issued 12-month price objectives for MasterCraft Boat's shares. Their MCFT share price forecasts range from $28.00 to $40.00. On average, they expect the company's stock price to reach $33.60 in the next twelve months. This suggests a possible upside of 12.0% from the stock's current price.
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MasterCraft Boat's stock was trading at $25.87 at the beginning of 2023. Since then, MCFT shares have increased by 16.0% and is now trading at $30.00.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 10th 2023.
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MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) issued its quarterly earnings data on Wednesday, February, 8th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.19. The company had revenue of $159.19 million for the quarter, compared to analysts' expectations of $150.83 million. MasterCraft Boat had a net margin of 7.66% and a trailing twelve-month return on equity of 67.61%.

ETFs with the largest weight of MasterCraft Boat (NASDAQ:MCFT) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP), First Trust Dow Jones Select Microcap Index Fund (FDM), Invesco Nasdaq Future Gen 200 ETF (QQQS), iShares US Small Cap Value Factor ETF (SVAL), Invesco DWA SmallCap Momentum ETF (DWAS), Royce Quant Small-Cap Quality Value ETF (SQLV), Vanguard U.S. Quality Factor ETF (VFQY) and iShares Micro-Cap ETF (IWC).

MasterCraft Boat updated its third quarter 2023 earnings guidance on Wednesday, February, 8th. The company provided earnings per share guidance of $1.04-$1.04 for the period, compared to the consensus estimate of $0.97. The company issued revenue guidance of $158.00 million-$158.00 million, compared to the consensus revenue estimate of $144.16 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 Raytheon Technologies (RTX).

(MCFT) raised $85 million in an initial public offering (IPO) on Friday, July 17th 2015. The company issued 6,100,000 shares at $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 variety of retail and institutional investors. Top institutional investors include Forager Capital Management LLC (6.96%), Systematic Financial Management LP (5.87%), Dimensional Fund Advisors LP (3.17%), Geode Capital Management LLC (1.86%), Millennium Management LLC (1.41%) and AQR Capital Management LLC (0.96%). Insiders that own company stock include Coliseum Capital Management, L, Donald C Campion, George Steinbarger and Timothy M Oxley.
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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 $30.00.

MasterCraft Boat (NASDAQ:MCFT) has a market capitalization of $533.40 million and generates $707.86 million in revenue each year. The company earns $58.21 million in net income (profit) each year or $3.10 on an earnings per share basis.

The company employs 1,750 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.