Mastercraft Boat Holdings Inc (NASDAQ:MCFT) Expected to Announce Quarterly Sales of $106.03 Million

Equities analysts predict that Mastercraft Boat Holdings Inc (NASDAQ:MCFT) will report sales of $106.03 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Mastercraft Boat’s earnings, with the lowest sales estimate coming in at $97.64 million and the highest estimate coming in at $125.52 million. Mastercraft Boat posted sales of $93.64 million in the same quarter last year, which suggests a positive year over year growth rate of 13.2%. The firm is expected to report its next earnings results before the market opens on Thursday, November 7th.

According to Zacks, analysts expect that Mastercraft Boat will report full-year sales of $452.83 million for the current fiscal year, with estimates ranging from $445.67 million to $459.40 million. For the next year, analysts forecast that the business will post sales of $492.62 million, with estimates ranging from $464.44 million to $564.36 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Mastercraft Boat.

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

MCFT has been the subject of a number of recent analyst reports. SunTrust Banks decreased their price target on Mastercraft Boat from $18.00 to $15.00 and set a “hold” rating for the company in a report on Friday, September 13th. B. Riley decreased their price target on Mastercraft Boat from $37.00 to $29.00 and set a “buy” rating for the company in a report on Friday, September 13th. TheStreet downgraded Mastercraft Boat from a “b-” rating to a “c+” rating in a report on Thursday, August 15th. ValuEngine raised Mastercraft Boat from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded Mastercraft Boat from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.50.

Institutional investors have recently bought and sold shares of the company. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Mastercraft Boat by 68.6% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 22,047 shares of the company’s stock valued at $442,000 after purchasing an additional 8,970 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Mastercraft Boat in the 2nd quarter valued at about $95,000. Polar Asset Management Partners Inc. lifted its holdings in shares of Mastercraft Boat by 19.6% in the 2nd quarter. Polar Asset Management Partners Inc. now owns 238,332 shares of the company’s stock valued at $4,669,000 after purchasing an additional 38,994 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Mastercraft Boat in the 2nd quarter valued at about $363,000. Finally, Bowling Portfolio Management LLC lifted its holdings in shares of Mastercraft Boat by 31.0% in the 2nd quarter. Bowling Portfolio Management LLC now owns 61,091 shares of the company’s stock valued at $1,197,000 after purchasing an additional 14,446 shares during the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

NASDAQ MCFT traded down $0.10 during trading on Monday, reaching $15.24. 144,200 shares of the company’s stock were exchanged, compared to its average volume of 238,349. The stock has a market cap of $288.09 million, a P/E ratio of 5.54, a price-to-earnings-growth ratio of 0.62 and a beta of 1.67. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.35 and a current ratio of 0.79. The company has a 50 day moving average price of $14.99 and a two-hundred day moving average price of $18.86. Mastercraft Boat has a 1 year low of $13.33 and a 1 year high of $33.67.

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 and Estimates for Mastercraft Boat (NASDAQ:MCFT)

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