MasterCraft Q4 EPS Beats By A Cent, Revenues Shy of Views; Guides For Higher Results in FY17 (NASDAQ:MCFT)


MasterCraft (NASDAQ:MCFT) reported late Thursday Q4 adjusted EPS of $0.30 per share, up from $0.20 per share a year earlier and just above the $0.29 per share consensus compiled by Capital IQ. For Q4 ended June 30, the maker of recreational sports boats said revenues fell to $53.4 million from $54.9 million and were shy of the $55.4 million consensus. Looking ahead to FY17, the company said it expects year-over-year net sales growth in the low to mid-single digits, which will result in continued earnings growth. MasterCraft’s board also said it will distribute a special cash dividend of $4.30 per share.

The stock decreased 6.80% or $0.8 during the last trading session, hitting $10.97. About 200,479 shares traded hands or 201.77% up from the average. MCBC Holdings Inc (NASDAQ:MCFT) has declined 1.67% since February 8, 2016 and is downtrending. It has underperformed by 18.16% the S&P500.

MCBC Holdings, Inc. is a holding company. The company has a market cap of $205.70 million. The Firm is a designer and maker of inboard tournament ski boats and V-drive runabouts under the MasterCraft brand. It has a 21.62 P/E ratio. The Firm operates through two divisions: MasterCraft and Hydra-Sports.

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