Mastercraft Boat (NASDAQ:MCFT) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Mastercraft Boat (NASDAQ:MCFT) issued its quarterly earnings results on Thursday. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.12, Briefing.com reports. Mastercraft Boat had a net margin of 5.50% and a return on equity of 8.14%. The firm had revenue of $69.00 million for the quarter, compared to analyst estimates of $66.96 million. During the same period last year, the company posted $0.12 EPS. Mastercraft Boat’s quarterly revenue was up 5.5% compared to the same quarter last year. 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 Stock Performance

Shares of MCFT stock traded down $0.10 on Friday, hitting $20.13. 228,753 shares of the stock traded hands, compared to its average volume of 146,063. Mastercraft Boat has a twelve month low of $14.39 and a twelve month high of $23.93. The firm’s 50-day moving average price is $21.56 and its two-hundred day moving average price is $19.71. The stock has a market capitalization of $327.92 million, a PE ratio of 20.75 and a beta of 1.04.

Wall Street Analysts Forecast Growth

MCFT has been the topic of several research reports. Wall Street Zen upgraded Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mastercraft Boat in a research note on Wednesday, October 8th. Truist Financial set a $21.00 target price on shares of Mastercraft Boat in a research note on Friday, October 24th. B. Riley increased their target price on shares of Mastercraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Finally, Zacks Research raised shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mastercraft Boat currently has a consensus rating of “Hold” and an average price target of $23.00.

Hedge Funds Weigh In On Mastercraft Boat

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

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.