Malibu Boats (NASDAQ:MBUU – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01), Zacks reports. Malibu Boats had a negative net margin of 10.90% and a positive return on equity of 2.39%.
Malibu Boats Stock Performance
Shares of MBUU traded up $2.81 during trading hours on Thursday, hitting $41.27. The stock had a trading volume of 121,446 shares, compared to its average volume of 156,511. Malibu Boats has a 12 month low of $30.20 and a 12 month high of $50.39. The firm has a market capitalization of $813.75 million, a PE ratio of -10.37 and a beta of 1.32. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.52. The stock has a fifty day moving average price of $39.16 and a 200 day moving average price of $38.78.
Wall Street Analysts Forecast Growth
MBUU has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $44.00 price target on shares of Malibu Boats in a research report on Friday, November 1st. DA Davidson downgraded shares of Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a research note on Friday, November 1st. Truist Financial lowered their price objective on Malibu Boats from $42.00 to $34.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. Robert W. Baird increased their price target on shares of Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, KeyCorp dropped their price objective on shares of Malibu Boats from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $42.71.
Malibu Boats Company Profile
Malibu Boats, Inc designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company provides performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.
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