How Have the Numbers Shaped Up for Mastercraft Boat (NASDAQ:MCFT)

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Earnings results for Mastercraft Boat (NASDAQ:MCFT)

MasterCraft Boat Holdings, Inc. is expected* to report earnings on 09/09/2020 before market open. The report will be for the fiscal Quarter ending Jun 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.3. The reported EPS for the same quarter last year was $0.83.

Analyst Opinion on Mastercraft Boat (NASDAQ:MCFT)

4 Wall Street analysts have issued ratings and price targets for Mastercraft Boat in the last 12 months. Their average twelve-month price target is $17.25, predicting that the stock has a possible downside of 23.20%. The high price target for MCFT is $25.00 and the low price target for MCFT is $10.00. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Mastercraft Boat has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $17.25, Mastercraft Boat has a forecasted downside of 23.2% from its current price of $22.46. Mastercraft Boat has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Mastercraft Boat (NASDAQ:MCFT)

Mastercraft Boat does not currently pay a dividend. Mastercraft Boat does not have a long track record of dividend growth.

Insiders buying/selling: Mastercraft Boat (NASDAQ:MCFT)

In the past three months, Mastercraft Boat insiders have not sold or bought any company stock. Only 3.10% of the stock of Mastercraft Boat is held by insiders. 84.58% of the stock of Mastercraft Boat is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Mastercraft Boat (NASDAQ:MCFT

Earnings for Mastercraft Boat are expected to grow by 46.30% in the coming year, from $1.08 to $1.58 per share. The P/E ratio of Mastercraft Boat is -13.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Mastercraft Boat is -13.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Mastercraft Boat has a P/B Ratio of 5.82. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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