Mastercraft Boat (NASDAQ:MCFT) Updates FY 2026 Earnings Guidance

Mastercraft Boat (NASDAQ:MCFT) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.650-1.650 for the period, compared to the consensus earnings per share estimate of 1.480. The company issued revenue guidance of $312.0 million-$312.0 million, compared to the consensus revenue estimate of $306.1 million.

Mastercraft Boat Stock Up 7.1%

NASDAQ:MCFT traded up $1.81 during mid-day trading on Friday, hitting $27.38. 479,258 shares of the stock traded hands, compared to its average volume of 143,959. The business’s 50-day moving average price is $21.59 and its 200 day moving average price is $20.98. The company has a market cap of $445.88 million, a PE ratio of 28.52 and a beta of 1.09. Mastercraft Boat has a 12-month low of $16.46 and a 12-month high of $28.44.

Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $78.21 million during the quarter, compared to analysts’ expectations of $75.55 million. Mastercraft Boat had a net margin of 5.27% and a return on equity of 9.51%. Mastercraft Boat’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 earnings per share. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. Analysts anticipate that Mastercraft Boat will post 1.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MCFT has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Mastercraft Boat in a research note on Friday, March 27th. Truist Financial upped their price objective on shares of Mastercraft Boat from $21.00 to $25.00 and gave the company a “hold” rating in a research note on Monday, April 27th. Zacks Research cut shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Wall Street Zen raised shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Finally, Robert W. Baird set a $30.00 price target on shares of Mastercraft Boat in a report on Friday. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $24.80.

Insider Buying and Selling

In related news, major shareholder Fund L.P. Forager sold 26,497 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $23.50, for a total transaction of $622,679.50. Following the completion of the sale, the insider directly owned 1,611,277 shares in the company, valued at $37,865,009.50. This represents a 1.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders have sold 87,841 shares of company stock worth $2,069,264. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in Mastercraft Boat by 7.7% in the 4th quarter. Barclays PLC now owns 24,725 shares of the company’s stock worth $468,000 after purchasing an additional 1,769 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Mastercraft Boat by 19.6% in the 4th quarter. Wells Fargo & Company MN now owns 20,464 shares of the company’s stock worth $387,000 after purchasing an additional 3,347 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Mastercraft Boat by 849.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,415 shares of the company’s stock worth $331,000 after purchasing an additional 13,792 shares in the last quarter. Engineers Gate Manager LP bought a new position in Mastercraft Boat in the 4th quarter worth $307,000. Finally, Millennium Management LLC bought a new position in Mastercraft Boat in the 4th quarter worth $306,000. 97.64% of the stock is currently owned by institutional investors.

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.