MasterCraft Boat (NASDAQ:MCFT – Get Rating) issued an update on its FY 2023 earnings guidance on Thursday morning. The company provided EPS guidance of $3.89-$4.31 for the period, compared to the consensus EPS estimate of $4.87. The company issued revenue guidance of $580.00 million-$615.00 million, compared to the consensus revenue estimate of $711.81 million. MasterCraft Boat also updated its Q1 2023 guidance to $1.30-$1.30 EPS.

MasterCraft Boat Trading Down 2.6 %

Shares of NASDAQ MCFT opened at $19.85 on Friday. MasterCraft Boat has a 52-week low of $19.79 and a 52-week high of $29.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.72 and a current ratio of 1.57. The firm has a 50 day moving average price of $23.71 and a two-hundred day moving average price of $23.59. The stock has a market cap of $360.28 million, a P/E ratio of 6.36 and a beta of 1.79.

MasterCraft Boat (NASDAQ:MCFT – Get Rating) last posted its quarterly earnings data on Thursday, September 8th. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.31. MasterCraft Boat had a net margin of 8.22% and a return on equity of 62.88%. During the same quarter in the previous year, the firm earned $0.94 earnings per share. As a group, equities analysts forecast that MasterCraft Boat will post 4.24 EPS for the current year.

Analyst Ratings Changes

Institutional Investors Weigh In On MasterCraft Boat

A number of institutional investors and hedge funds have recently bought and sold shares of MCFT. Group One Trading L.P. grew its position in shares of MasterCraft Boat by 55.9% during 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 in the last quarter. Rhumbline Advisers grew its holdings in MasterCraft Boat by 3.8% during the 2nd quarter. Rhumbline Advisers now owns 21,151 shares of the company's stock worth $445,000 after acquiring an additional 769 shares in the last quarter. Vontobel Holding Ltd. increased its position in MasterCraft Boat by 2.3% during the 1st quarter. Vontobel Holding Ltd. now owns 43,081 shares of the company's stock valued at $1,081,000 after purchasing an additional 963 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of MasterCraft Boat by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 82,990 shares of the company's stock valued at $2,042,000 after purchasing an additional 1,042 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of MasterCraft Boat by 88.5% in the 1st quarter. Lazard Asset Management LLC now owns 3,408 shares of the company's stock valued at $83,000 after purchasing an additional 1,600 shares in the last quarter. 89.33% of the stock is owned by institutional investors.

About MasterCraft Boat

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MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through four segments: MasterCraft, Crest, NauticStar, and Aviara. The MasterCraft segment produces recreational performance sport boats, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

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