Equities analysts expect Mastercraft Boat Holdings Inc (NASDAQ:MCFT) to post $85.21 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Mastercraft Boat’s earnings, with the highest sales estimate coming in at $96.00 million and the lowest estimate coming in at $74.57 million. Mastercraft Boat reported sales of $121.54 million during the same quarter last year, which indicates a negative year over year growth rate of 29.9%. The company is expected to issue its next earnings results on Thursday, February 6th.
According to Zacks, analysts expect that Mastercraft Boat will report full year sales of $457.45 million for the current financial year, with estimates ranging from $451.20 million to $461.80 million. For the next financial year, analysts anticipate that the firm will post sales of $481.53 million, with estimates ranging from $465.00 million to $495.70 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Mastercraft Boat.
Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.11. Mastercraft Boat had a net margin of 4.46% and a return on equity of 67.69%. The business had revenue of $109.80 million during the quarter, compared to analysts’ expectations of $101.81 million. During the same period last year, the company posted $0.54 EPS. The company’s revenue was up 17.3% on a year-over-year basis.
A number of institutional investors have recently added to or reduced their stakes in MCFT. Russell Investments Group Ltd. purchased a new stake in Mastercraft Boat during the 2nd quarter worth $25,000. BNP Paribas Arbitrage SA purchased a new stake in Mastercraft Boat during the 2nd quarter worth $42,000. Meeder Asset Management Inc. increased its stake in Mastercraft Boat by 336.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 3,476 shares of the company’s stock worth $67,000 after buying an additional 2,680 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Mastercraft Boat during the 2nd quarter worth $95,000. Finally, SG Americas Securities LLC purchased a new stake in Mastercraft Boat during the 2nd quarter worth $120,000. 91.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MCFT traded down $0.01 during mid-day trading on Wednesday, reaching $16.64. 135,300 shares of the company’s stock were exchanged, compared to its average volume of 241,094. The company has a quick ratio of 0.32, a current ratio of 0.84 and a debt-to-equity ratio of 1.30. The company has a market cap of $317.31 million, a price-to-earnings ratio of 6.05, a PEG ratio of 0.67 and a beta of 1.67. The company has a 50-day simple moving average of $15.48 and a two-hundred day simple moving average of $18.08. Mastercraft Boat has a 52-week low of $13.33 and a 52-week high of $28.47.
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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