MasterCraft Boat Holdings Inc. (MCFT) shares are trading at lower $18.12 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $19.75.
To add more color to this target, the company’s high over the last year is $23.53 and the low is $4.90. Over the last 52 weeks, MCFT is up 3.01% while the S&P 500 is up 13.97%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, MCFT reported a profit of $21.27 million. MasterCraft Boat Holdings Inc. also saw revenues increase to $102.56 million. In addition, MCFT has free cash flow of $10.3 million as of 03-2020. The company’s EBITDA came in at -$44.41 million which compares well with its peers.
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MCFT booked profit margins of -7.20%, its Return on Equity (ROE) is -42.70%, and its Return on Assets is -12.50%. All told, it is clear that, MCFT needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MCFT has a short ratio of 2.90 and outstanding shares of 18.74M.
MCFT has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -1.67. MasterCraft Boat Holdings Inc. MCFT also noted assets of $250.27 million at the end of the last quarter. Investors should also keep an eye on sector updates as MCFT has historically followed its peers on positive news.
All told, MasterCraft Boat Holdings Inc. MCFT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MCFT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
MasterCraft Boat Holdings Inc. MCFT is now commanding a market cap of 340.11M and a float of 16.56M. MCFT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MCFT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in MCFT, either long or short, and we have not been compensated for this article.