Mastercraft Boat (NASDAQ:MCFT) released its quarterly earnings results on Wednesday. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.20, MarketWatch Earnings reports. Mastercraft Boat had a positive return on equity of 32.96% and a negative net margin of 6.62%.
Shares of NASDAQ:MCFT opened at $17.91 on Friday. Mastercraft Boat has a 12-month low of $4.90 and a 12-month high of $23.53. The company has a current ratio of 1.50, a quick ratio of 0.94 and a debt-to-equity ratio of 2.53. The company has a market cap of $341.96 million, a PE ratio of 14.16 and a beta of 2.37. The stock has a 50 day moving average of $21.36 and a 200 day moving average of $15.33.
A number of equities research analysts have issued reports on MCFT shares. Raymond James boosted their price target on Mastercraft Boat from $18.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. ValuEngine upgraded Mastercraft Boat from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. BidaskClub downgraded Mastercraft Boat from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. B. Riley reiterated a “buy” rating and set a $25.00 price objective on shares of Mastercraft Boat in a research note on Tuesday, August 18th. Finally, Zacks Investment Research downgraded Mastercraft Boat from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.80.
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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