Malibu Boats (NASDAQ:MBUU) Issues Earnings Results

Malibu Boats (NASDAQ:MBUUGet 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.

Check Out Our Latest Research Report on MBUU

Malibu Boats Company Profile

(Get Free Report)

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.

See Also

Earnings History for Malibu Boats (NASDAQ:MBUU)

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