Equities research analysts expect that Mastercraft Boat Holdings Inc (NASDAQ:MCFT) will announce earnings per share of $0.81 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Mastercraft Boat’s earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.74. Mastercraft Boat reported earnings per share of $0.66 in the same quarter last year, which suggests a positive year over year growth rate of 22.7%. The business is scheduled to report its next quarterly earnings results on Thursday, September 5th.

According to Zacks, analysts expect that Mastercraft Boat will report full-year earnings of $2.77 per share for the current fiscal year, with EPS estimates ranging from $2.70 to $2.80. For the next financial year, analysts anticipate that the business will post earnings of $2.99 per share, with EPS estimates ranging from $2.75 to $3.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Mastercraft Boat.

Several equities research analysts recently weighed in on MCFT shares. BidaskClub downgraded shares of Mastercraft Boat from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 10th. ValuEngine downgraded shares of Mastercraft Boat from a “sell” rating to a “strong sell” rating in a research note on Friday, May 24th. TheStreet downgraded shares of Mastercraft Boat from a “b-” rating to a “c+” rating in a research note on Thursday. B. Riley set a $43.00 target price on shares of Mastercraft Boat and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research downgraded shares of Mastercraft Boat from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $34.83.

In other Mastercraft Boat news, Director Frederick A. Brightbill sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $20.84, for a total transaction of $104,200.00. Following the completion of the transaction, the director now owns 29,323 shares in the company, valued at approximately $611,091.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.79% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc grew its holdings in Mastercraft Boat by 17.1% during the 4th quarter. Legal & General Group Plc now owns 3,349 shares of the company’s stock worth $62,000 after acquiring an additional 490 shares in the last quarter. Swiss National Bank grew its holdings in Mastercraft Boat by 2.1% during the 2nd quarter. Swiss National Bank now owns 34,800 shares of the company’s stock worth $682,000 after acquiring an additional 700 shares in the last quarter. Northern Trust Corp grew its holdings in Mastercraft Boat by 0.3% during the 2nd quarter. Northern Trust Corp now owns 220,625 shares of the company’s stock worth $4,322,000 after acquiring an additional 737 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Mastercraft Boat by 106.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,017 shares of the company’s stock valued at $46,000 after buying an additional 1,041 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC acquired a new position in shares of Mastercraft Boat in the 1st quarter valued at $25,000. Institutional investors own 93.17% of the company’s stock.

MCFT traded down $0.15 during trading hours on Monday, hitting $13.93. 106,100 shares of the company’s stock were exchanged, compared to its average volume of 209,960. Mastercraft Boat has a 12-month low of $13.73 and a 12-month high of $39.50. The firm has a 50 day moving average of $17.43 and a 200 day moving average of $21.38. The firm has a market cap of $269.19 million, a P/E ratio of 6.86, a price-to-earnings-growth ratio of 0.48 and a beta of 1.65. The company has a current ratio of 0.79, a quick ratio of 0.38 and a debt-to-equity ratio of 1.42.

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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