MasterCraft Boat (NASDAQ:MCFT – Get Rating) announced its quarterly earnings results on Wednesday. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.15, MarketWatch Earnings reports. MasterCraft Boat had a return on equity of 58.52% and a net margin of 9.80%. During the same quarter in the previous year, the firm earned $0.97 EPS. MasterCraft Boat updated its FY 2022 guidance to $4.30-$4.30 EPS.
MCFT stock opened at $23.75 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.38 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $24.61 and its 200 day moving average is $26.38. The stock has a market cap of $439.38 million, a price-to-earnings ratio of 7.07 and a beta of 1.88. MasterCraft Boat has a 1-year low of $22.08 and a 1-year high of $33.63.
Several equities research analysts have recently weighed in on the company. B. Riley reiterated a “buy” rating and set a $47.00 price target on shares of MasterCraft Boat in a research report on Monday, March 28th. StockNews.com cut MasterCraft Boat from a “buy” rating to a “hold” rating in a research report on Thursday. Robert W. Baird decreased their price target on MasterCraft Boat from $40.00 to $36.00 in a research report on Thursday. Zacks Investment Research cut shares of MasterCraft Boat from a “buy” rating to a “hold” rating in a research report on Saturday, April 9th. Finally, Truist Financial decreased their price objective on shares of MasterCraft Boat from $30.00 to $26.00 in a research report on Wednesday, January 26th.
About MasterCraft Boat (Get Rating)
MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through three segments: MasterCraft, NauticStar, and Crest. The MasterCraft segment produces recreational performance sport boats and luxury day boats under the MasterCraft and Aviara brands, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
- Get a free copy of the StockNews.com research report on MasterCraft Boat (MCFT)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
Receive News & Ratings for MasterCraft Boat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasterCraft Boat and related companies with MarketBeat.com's FREE daily email newsletter.