Mastercraft Boat (NASDAQ:MCFT) issued its earnings results on Thursday. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05, Bloomberg Earnings reports. Mastercraft Boat had a return on equity of 88.18% and a net margin of 10.69%. The company had revenue of $121.50 million for the quarter, compared to analysts’ expectations of $112.54 million. During the same period last year, the business earned $0.42 EPS. Mastercraft Boat’s quarterly revenue was up 55.0% compared to the same quarter last year.

NASDAQ:MCFT traded down $2.32 during trading hours on Friday, hitting $21.10. 699,962 shares of the company traded hands, compared to its average volume of 181,573. The company has a current ratio of 0.77, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17. Mastercraft Boat has a one year low of $17.60 and a one year high of $39.50. The stock has a market cap of $394.99 million, a PE ratio of 10.39, a price-to-earnings-growth ratio of 0.58 and a beta of 1.67.

In related news, insider Terry D. Mcnew acquired 3,545 shares of the company’s stock in a transaction on Wednesday, November 14th. The shares were acquired at an average cost of $28.14 per share, for a total transaction of $99,756.30. Following the purchase, the insider now owns 320,062 shares in the company, valued at $9,006,544.68. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 2.79% of the stock is currently owned by company insiders.

A number of brokerages recently issued reports on MCFT. BidaskClub upgraded Mastercraft Boat from a “strong sell” rating to a “sell” rating in a report on Saturday, January 19th. ValuEngine upgraded Mastercraft Boat from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. Zacks Investment Research cut Mastercraft Boat from a “buy” rating to a “hold” rating in a research note on Wednesday, December 19th. Finally, Wells Fargo & Co dropped their price objective on Mastercraft Boat from $41.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 18th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $38.00.

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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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Earnings History for Mastercraft Boat (NASDAQ:MCFT)

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