MasterCraft Boat (NASDAQ:MCFT) Releases FY 2024 Earnings Guidance

MasterCraft Boat (NASDAQ:MCFTGet Free Report) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 0.950-1.050 for the period, compared to the consensus EPS estimate of 1.600. The company issued revenue guidance of $360.0 million-$365.0 million, compared to the consensus revenue estimate of $405.6 million.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. B. Riley lowered their price objective on shares of MasterCraft Boat from $24.00 to $22.00 and set a neutral rating for the company in a research report on Tuesday, April 16th. Stifel Nicolaus lowered their target price on MasterCraft Boat from $27.00 to $25.00 and set a buy rating for the company in a report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $24.00.

Read Our Latest Report on MasterCraft Boat

MasterCraft Boat Stock Performance

MCFT opened at $20.53 on Friday. The business’s 50-day simple moving average is $21.49 and its 200 day simple moving average is $21.39. MasterCraft Boat has a 52-week low of $18.01 and a 52-week high of $31.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.54 and a current ratio of 2.02. The firm has a market capitalization of $348.60 million, a PE ratio of 9.25 and a beta of 1.65.

Insider Activity

In other MasterCraft Boat news, major shareholder Coliseum Capital Management, L purchased 118,620 shares of the business’s stock in a transaction on Monday, March 18th. The stock was acquired at an average price of $21.84 per share, with a total value of $2,590,660.80. Following the acquisition, the insider now directly owns 2,151,676 shares of the company’s stock, valued at approximately $46,992,603.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders purchased 417,201 shares of company stock valued at $8,796,912. 2.50% of the stock is owned by insiders.

MasterCraft Boat Company Profile

(Get Free Report)

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.

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