Mastercraft Boat (NASDAQ:MCFT – Get Free Report) issued its earnings results on Tuesday. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.36 by $0.14, FiscalAI reports. Mastercraft Boat had a positive return on equity of 11.08% and a negative net margin of 0.48%. The firm had revenue of $154.14 million during the quarter, compared to the consensus estimate of $67.19 million.
Here are the key takeaways from Mastercraft Boat’s conference call:
- MasterCraft raised its six-month transition-period guidance after Q1 results exceeded expectations, now forecasting net sales of $293 million–$297 million, Adjusted EBITDA of $32 million–$34 million, and adjusted EPS of $0.75–$0.80.
- Legacy net sales grew 37.4%, while legacy gross margin expanded 600 basis points to 28.3% and Adjusted EBITDA margin rose 750 basis points to 17.6%. Management attributed the gains to higher volumes, favorable product mix, lower discounts, and operating improvements.
- The company said integration of Chaparral and Robalo is progressing, with about $6 million in annual public-company and overhead savings already captured and further sourcing, operations, footprint, and distribution initiatives underway. Management also highlighted dealer additions and strength in Robalo retail and market share.
- Management described consumers as cautious and expects the overall market to decline roughly 5%–10% for the calendar year; it also anticipates modestly lower sequential shipments in the December quarter due to fewer production days. Executives said discounting remains part of a competitive ski/wake market, though they characterized promotions as relatively normal.
Mastercraft Boat Stock Performance
Shares of Mastercraft Boat stock traded up $1.79 during mid-day trading on Wednesday, hitting $21.64. 54,889 shares of the stock were exchanged, compared to its average volume of 169,012. Mastercraft Boat has a 12 month low of $17.19 and a 12 month high of $28.44. The company has a 50-day simple moving average of $20.45 and a 200 day simple moving average of $22.48. The company has a market capitalization of $524.18 million, a P/E ratio of -1,080.91 and a beta of 1.10.
Key Mastercraft Boat News
Investors following MCFT have been watching these news items:
- Positive Sentiment: MasterCraft reported Q1 2027 earnings of $0.50 per share, above analysts’ estimates of $0.36–$0.44 and up from $0.28 a year earlier. Revenue rose 123.4% to $154.1 million. MasterCraft revenue rises 123.4% to $154.1 million
- Positive Sentiment: Zacks Research upgraded MCFT from “Strong Sell” to “Hold,” indicating a less negative analyst outlook. Zacks Research ratings
- Negative Sentiment: Despite the earnings beat, the company reported a negative net margin of 0.48%. Shares are lower, though the available reports do not identify a specific reason for the decline.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on MCFT shares. Robert W. Baird decreased their price objective on shares of Mastercraft Boat from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, September 11th. Truist Financial dropped their target price on shares of Mastercraft Boat from $28.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, October 23rd. Zacks Research upgraded shares of Mastercraft Boat from a “strong sell” rating to a “hold” rating in a report on Monday. Weiss Ratings cut shares of Mastercraft Boat from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, September 11th. Finally, Wall Street Zen raised Mastercraft Boat to a “hold” rating in a research note on Saturday, October 10th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Mastercraft Boat has an average rating of “Reduce” and an average price target of $22.75.
Read Our Latest Stock Report on MCFT
About Mastercraft Boat
MasterCraft Boat Holdings, Inc. designs, manufactures and sells recreational powerboats. The company serves the premium marine market with boats intended for water sports, cruising, fishing and general leisure use. Its portfolio has included MasterCraft performance ski and wake boats, Crest pontoon boats and Aviara luxury day boats. MasterCraft boats are known for water-sports features such as wake-shaping systems, while the company’s other brands address broader recreational boating needs, including spacious pontoon and luxury day-boat segments.
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