Mastercraft Boat (NASDAQ:MCFT) Announces Earnings Results, Beats Expectations By $0.12 EPS

Mastercraft Boat (NASDAQ:MCFT) released its quarterly earnings data on Thursday. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.12, Briefing.com reports. The company had revenue of $69.00 million during the quarter, compared to the consensus estimate of $66.96 million. Mastercraft Boat had a net margin of 5.50% and a return on equity of 8.14%. Mastercraft Boat’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Mastercraft Boat updated its FY 2026 guidance to 1.180-1.430 EPS and its Q2 2026 guidance to 0.160-0.160 EPS.

Mastercraft Boat Price Performance

Shares of NASDAQ MCFT traded down $0.10 during trading on Friday, hitting $20.13. 228,753 shares of the company were exchanged, compared to its average volume of 146,063. Mastercraft Boat has a 1 year low of $14.39 and a 1 year high of $23.93. The company has a market cap of $327.92 million, a price-to-earnings ratio of 20.75 and a beta of 1.04. The firm’s fifty day moving average price is $21.56 and its 200 day moving average price is $19.71.

Analyst Upgrades and Downgrades

MCFT has been the subject of several research reports. B. Riley boosted their target price on Mastercraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Zacks Research upgraded Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Mastercraft Boat in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 30th. Finally, Raymond James Financial increased their price target on shares of Mastercraft Boat from $21.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.00.

Institutional Trading of Mastercraft Boat

A number of institutional investors have recently bought and sold shares of the company. State of Wyoming acquired a new stake in shares of Mastercraft Boat in the second quarter valued at approximately $61,000. Jane Street Group LLC purchased a new stake in Mastercraft Boat in the 1st quarter valued at approximately $236,000. Quantinno Capital Management LP grew its holdings in Mastercraft Boat by 18.0% during the 2nd quarter. Quantinno Capital Management LP now owns 16,327 shares of the company’s stock valued at $303,000 after buying an additional 2,496 shares during the last quarter. Marshall Wace LLP acquired a new stake in Mastercraft Boat during the 2nd quarter valued at $684,000. Finally, First Trust Advisors LP increased its position in Mastercraft Boat by 3.1% during the second quarter. First Trust Advisors LP now owns 41,276 shares of the company’s stock worth $767,000 after buying an additional 1,259 shares in the last quarter. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

About Mastercraft Boat

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.