Q3 2024 EPS Estimates for MasterCraft Boat Holdings, Inc. Lowered by Analyst (NASDAQ:MCFT)

Posted by Defense World Staff on Jun 15th, 2023

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT – Get Rating) – Investment analysts at B. Riley lowered their Q3 2024 earnings estimates for shares of MasterCraft Boat in a research report issued on Monday, June 12th. B. Riley analyst E. Wold now anticipates that the company will post earnings per share of $1.06 for the quarter, down from their previous estimate of $1.23. The consensus estimate for MasterCraft Boat’s current full-year earnings is $4.89 per share. B. Riley also issued estimates for MasterCraft Boat’s Q4 2024 earnings at $1.06 EPS, FY2024 earnings at $3.96 EPS and FY2025 earnings at $4.48 EPS.

MasterCraft Boat (NASDAQ:MCFT – Get Rating) last issued its quarterly earnings results on Wednesday, May 10th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.31. The company had revenue of $166.78 million for the quarter, compared to analyst estimates of $158.37 million. MasterCraft Boat had a net margin of 8.10% and a return on equity of 64.21%.

Several other equities research analysts have also recently weighed in on MCFT. KeyCorp assumed coverage on shares of MasterCraft Boat in a research report on Wednesday, April 19th. They set a “sector weight” rating for the company. DA Davidson assumed coverage on shares of MasterCraft Boat in a report on Tuesday, May 30th. They issued a “neutral” rating and a $29.00 price objective on the stock. Finally, StockNews.com downgraded shares of MasterCraft Boat from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.17.

MasterCraft Boat Stock Performance

MasterCraft Boat stock opened at $30.40 on Wednesday. The firm’s 50 day simple moving average is $28.58 and its 200 day simple moving average is $29.23. The firm has a market capitalization of $532 million, a PE ratio of 9.38 and a beta of 1.75. MasterCraft Boat has a 1-year low of $18.49 and a 1-year high of $35.29. The company has a current ratio of 1.81, a quick ratio of 1.27 and a debt-to-equity ratio of 0.29.

Institutional Investors Weigh In On MasterCraft Boat

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in shares of MasterCraft Boat by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 82,990 shares of the company’s stock valued at $2,042,000 after acquiring an additional 1,042 shares during the period. American Century Companies Inc. boosted its stake in shares of MasterCraft Boat by 121.7% during the first quarter. American Century Companies Inc. now owns 37,043 shares of the company’s stock valued at $912,000 after acquiring an additional 20,334 shares during the last quarter. Group One Trading L.P. boosted its stake in MasterCraft Boat by 55.9% in the 1st quarter. Group One Trading L.P. now owns 1,394 shares of the company’s stock worth $34,000 after buying an additional 500 shares during the last quarter. MetLife Investment Management LLC increased its holdings in MasterCraft Boat by 67.7% during the 1st quarter. MetLife Investment Management LLC now owns 8,982 shares of the company’s stock worth $221,000 after purchasing an additional 3,626 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in MasterCraft Boat by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 539,870 shares of the company’s stock worth $13,287,000 after purchasing an additional 5,852 shares during the last quarter. Institutional investors and hedge funds own 91.99% of the company’s stock.

About MasterCraft Boat

(Get Rating)

Mastercraft Boat Holdings, Inc engages in the designing, manufacturing, and selling of boats. It operates through the following segments: MasterCraft, Crest, NauticStar, and Aviara. The MasterCraft segment offers recreational performance boats used for water skiing, wakeboarding, and wake surfing activities and general recreational boating under product brands, such as MasterCraft.