Mastercraft Boat (NASDAQ:MCFT) issued its quarterly earnings data on Thursday. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06, Briefing.com reports. The company had revenue of $122.81 million during the quarter, compared to analyst estimates of $126.21 million. Mastercraft Boat had a return on equity of 73.69% and a net margin of 10.15%. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share.
NASDAQ:MCFT opened at $13.99 on Friday. Mastercraft Boat has a 12-month low of $13.33 and a 12-month high of $39.50. The company has a current ratio of 0.79, a quick ratio of 0.38 and a debt-to-equity ratio of 1.42. The firm has a market cap of $329.36 million, a PE ratio of 6.89, a price-to-earnings-growth ratio of 0.61 and a beta of 1.67. The stock has a fifty day moving average price of $15.26 and a 200 day moving average price of $20.62.
MCFT has been the subject of several research analyst reports. Zacks Investment Research lowered Mastercraft Boat from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. ValuEngine lowered Mastercraft Boat from a “sell” rating to a “strong sell” rating in a research report on Friday, May 24th. TheStreet lowered Mastercraft Boat from a “b-” rating to a “c+” rating in a research report on Thursday, August 15th. B. Riley lowered their price target on Mastercraft Boat from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Finally, BidaskClub upgraded Mastercraft Boat from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $32.20.
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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