Mastercraft Boat (NASDAQ:MCFT) Announces Earnings Results, Beats Estimates By $0.13 EPS

Mastercraft Boat (NASDAQ:MCFT) announced its earnings results on Thursday. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13, FiscalAI reports. Mastercraft Boat had a return on equity of 8.09% and a net margin of 5.50%.The company had revenue of $71.76 million during the quarter, compared to the consensus estimate of $68.79 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Mastercraft Boat updated its Q3 2026 guidance to 0.350-0.350 EPS and its FY 2026 guidance to 1.450-1.600 EPS.

Here are the key takeaways from Mastercraft Boat’s conference call:

• MasterCraft reported Q2 net sales of $71.8M (up 13.2% YoY) and adjusted EBITDA of $7.5M (10.4% margin), and raised full‑year guidance to $300–310M net sales and $1.45–1.60 adjusted EPS.
• The company entered a definitive agreement to combine with Marine Products Corporation (Chaparral and Robalo), creating a five‑brand platform with over 500 dealers and broader inland and coastal market coverage.
• Transaction consideration is 0.232 MasterCraft shares plus $2.43 cash per Marine Products share (implied value ~$232.2M, ~7.2x expected EBITDA); pro forma ownership will be ~66.5% MasterCraft / 33.5% Marine Products and the combined company intends to remain debt‑free with significant liquidity.
• Management expects approximately $6M of annual run‑rate cost savings from eliminating Marine Products’ public company/corporate overhead, sees additional sourcing, manufacturing and revenue synergies, and expects the deal to be accretive to adjusted EPS in fiscal 2027.
• The transaction is subject to customary closing conditions (regulatory and shareholder approvals), the company’s outlook excludes any impact from the combination, and management cautioned there is not yet a sustained consumer demand breakout (retail assumed down 5–10%).

Mastercraft Boat Trading Up 4.8%

MCFT stock traded up $1.12 during midday trading on Thursday, hitting $24.24. The company’s stock had a trading volume of 564,180 shares, compared to its average volume of 120,811. The firm’s 50-day moving average is $20.17 and its 200-day moving average is $20.53. Mastercraft Boat has a 12 month low of $14.39 and a 12 month high of $25.73. The company has a market cap of $394.76 million, a PE ratio of 24.83 and a beta of 1.07.

More Mastercraft Boat News

Here are the key news stories impacting Mastercraft Boat this week:

• Positive Sentiment: Q2 earnings and revenue beat — MasterCraft reported $0.29 EPS vs. a $0.16 consensus and revenue of $71.8M (up 13.2% YoY), showing stronger demand and margin improvement. MasterCraft Boat Holdings, Inc. (MCFT) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: FY 2026 guidance raised — management updated full‑year EPS to $1.45–$1.60 (well above the prior consensus ~$1.19) and set revenue guidance roughly in line to slightly above expectations, signaling management’s confidence in FY performance. MasterCraft Boat Holdings, Inc. Reports Fiscal 2026 Second Quarter Results
• Neutral Sentiment: Planned combination with Marine Products — the companies announced a merger to create a broader portfolio of recreational marine brands, which could drive scale and cross‑sell benefits but will take time to realize. MasterCraft Boat Holdings, Inc. and Marine Products Corporation to Combine
• Neutral Sentiment: Marine Products (counterparty) reported Q4 results — investors should watch MPX results and metrics since they affect expected synergies and the combined company’s financial profile. Marine Products Corporation Reports Fourth Quarter and Full Year 2025 Financial Results
• Negative Sentiment: Near‑term guidance is weaker — Q3 guidance was set to $0.35 EPS and $75M revenue, below Street expectations (consensus ~$0.38 EPS and ~$83M revenue), which likely pressured the stock despite the annual raise. MasterCraft Boat Holdings, Inc. Reports Fiscal 2026 Second Quarter Results
• Negative Sentiment: Shareholder investigation into the merger — Halper Sadeh LLC is probing whether the proposed transaction is fair to MasterCraft shareholders, introducing legal/transactional uncertainty that can weigh on the share price. MCFT Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger …
• Negative Sentiment: Analyst/investor concerns on returns on capital — commentary flagged by media highlights potential longer‑term ROIC concerns that could limit multiple expansion absent clear evidence of durable profits from scale. Investors Could Be Concerned With MasterCraft Boat Holdings’ Returns On Capital

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Truist Financial set a $21.00 price target on shares of Mastercraft Boat in a research note on Friday, October 24th. Seaport Research Partners raised shares of Mastercraft Boat to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mastercraft Boat in a research note on Monday, December 29th. Finally, Loop Capital initiated coverage on Mastercraft Boat in a research note on Monday, December 22nd. They issued a “hold” rating and a $21.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.67.

Insider Buying and Selling at Mastercraft Boat

In other Mastercraft Boat news, major shareholder Coliseum Capital Management, L acquired 76,000 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were bought at an average cost of $19.79 per share, with a total value of $1,504,040.00. Following the completion of the transaction, the insider directly owned 3,672,422 shares of the company’s stock, valued at approximately $72,677,231.38. This represents a 2.11% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Fund L.P. Forager sold 58,066 shares of Mastercraft Boat stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $20.37, for a total value of $1,182,804.42. Following the completion of the sale, the insider owned 1,699,928 shares of the company’s stock, valued at $34,627,533.36. The trade was a 3.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders bought 134,807 shares of company stock valued at $2,649,367 in the last 90 days. Company insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Mastercraft Boat

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming purchased a new position in shares of Mastercraft Boat in the second quarter worth $61,000. Russell Investments Group Ltd. lifted its stake in Mastercraft Boat by 16.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,795 shares of the company’s stock worth $210,000 after purchasing an additional 1,394 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Mastercraft Boat during the 1st quarter valued at about $236,000. Algert Global LLC purchased a new position in shares of Mastercraft Boat during the third quarter valued at about $288,000. Finally, Quantinno Capital Management LP increased its holdings in shares of 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 purchasing an additional 2,496 shares during the last quarter. Hedge funds and other institutional investors own 97.64% of the company’s stock.

About Mastercraft Boat

MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) is a designer, manufacturer and marketer of high-performance recreational powerboats. The company’s portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.