Mastercraft Boat (MCFT) Releases Earnings Results, Beats Estimates By $0.05 EPS
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.
ILLEGAL ACTIVITY NOTICE: “Mastercraft Boat (MCFT) Releases Earnings Results, Beats Estimates By $0.05 EPS” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.thecerbatgem.com/2019/02/09/mastercraft-boat-mcft-releases-earnings-results-beats-estimates-by-0-05-eps.html.
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.
Recommended Story: What are the components of an earnings report?
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.