Mastercraft Boat (NASDAQ:MCFT) released its earnings results on Thursday. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.11, Briefing.com reports. The firm had revenue of $109.80 million for the quarter, compared to analysts’ expectations of $101.81 million. Mastercraft Boat had a return on equity of 73.50% and a net margin of 4.58%. The company’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share.
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Shares of MCFT traded up $0.32 during mid-day trading on Friday, reaching $17.78. 158,700 shares of the company’s stock traded hands, compared to its average volume of 241,385. Mastercraft Boat has a 12 month low of $13.33 and a 12 month high of $32.47. The stock’s 50-day moving average is $15.19 and its two-hundred day moving average is $18.30. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.79 and a quick ratio of 0.35. The stock has a market cap of $307.52 million, a P/E ratio of 6.47, a P/E/G ratio of 0.67 and a beta of 1.67.
A number of research analysts have recently commented on MCFT shares. TheStreet cut Mastercraft Boat from a “b-” rating to a “c+” rating in a research note on Thursday, August 15th. ValuEngine raised Mastercraft Boat from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub raised Mastercraft Boat from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Raymond James cut Mastercraft Boat from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Finally, B. Riley cut their target price on Mastercraft Boat from $37.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Mastercraft Boat has an average rating of “Hold” and an average target price of $23.50.
Mastercraft Boat Company Profile
MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. The company operates in two segments, MasterCraft and NauticStar. It offers sport boats and outboard boats, which are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating.
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