$0.44 EPS Expected for Mastercraft Boat Holdings Inc (NASDAQ:MCFT) This Quarter

Wall Street analysts forecast that Mastercraft Boat Holdings Inc (NASDAQ:MCFT) will report earnings per share (EPS) of $0.44 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Mastercraft Boat’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.49. Mastercraft Boat reported earnings per share of $0.54 in the same quarter last year, which suggests a negative year over year growth rate of 18.5%. The business is expected to issue its next earnings results on Thursday, November 14th.

On average, analysts expect that Mastercraft Boat will report full year earnings of $2.53 per share for the current fiscal year, with EPS estimates ranging from $2.45 to $2.61. For the next financial year, analysts anticipate that the business will post earnings of $2.80 per share, with EPS estimates ranging from $2.65 to $3.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Mastercraft Boat.

Mastercraft Boat (NASDAQ:MCFT) last announced its earnings results on Thursday, September 12th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. Mastercraft Boat had a return on equity of 73.50% and a net margin of 4.58%. The company had revenue of $122.81 million for the quarter, compared to analyst estimates of $126.21 million. During the same quarter in the previous year, the company earned $0.68 earnings per share. The firm’s quarterly revenue was up 28.7% compared to the same quarter last year.

A number of brokerages have recently commented on MCFT. Raymond James downgraded shares of Mastercraft Boat from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. BidaskClub raised shares of Mastercraft Boat from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. TheStreet downgraded shares of Mastercraft Boat from a “b-” rating to a “c+” rating in a research report on Thursday, August 15th. SunTrust Banks decreased their target price on shares of Mastercraft Boat from $18.00 to $15.00 and set a “hold” rating for the company in a research report on Friday, September 13th. Finally, Zacks Investment Research downgraded shares of Mastercraft Boat from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $23.50.

Mastercraft Boat stock traded up $0.21 during mid-day trading on Friday, reaching $14.86. The company had a trading volume of 139,736 shares, compared to its average volume of 293,848. Mastercraft Boat has a 1 year low of $13.33 and a 1 year high of $36.34. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.79 and a quick ratio of 0.35. The company has a market capitalization of $275.21 million, a P/E ratio of 5.40, a P/E/G ratio of 0.60 and a beta of 1.67. The stock’s 50-day simple moving average is $14.99 and its 200-day simple moving average is $19.09.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. grew its holdings in shares of Mastercraft Boat by 140.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 8,355 shares of the company’s stock worth $125,000 after purchasing an additional 4,879 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Mastercraft Boat during the third quarter worth about $223,000. Assenagon Asset Management S.A. bought a new stake in shares of Mastercraft Boat during the third quarter worth about $1,591,000. Bowling Portfolio Management LLC grew its holdings in shares of Mastercraft Boat by 7.7% during the third quarter. Bowling Portfolio Management LLC now owns 65,808 shares of the company’s stock worth $982,000 after purchasing an additional 4,717 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. grew its holdings in shares of Mastercraft Boat by 6.5% during the third quarter. Dalton Greiner Hartman Maher & Co. now owns 262,376 shares of the company’s stock worth $3,916,000 after purchasing an additional 16,119 shares during the last quarter. 94.50% of the stock is owned by institutional investors and hedge funds.

About Mastercraft Boat

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 and Estimates for Mastercraft Boat (NASDAQ:MCFT)

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