Malibu Boats (MBUU) Projected to Post Earnings on Thursday

Malibu Boats (NASDAQ:MBUU) will likely be posting its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Malibu Boats to post earnings of $0.21 per share and revenue of $195.85 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.16. The business had revenue of $171.60 million for the quarter, compared to analyst estimates of $165.33 million. Malibu Boats had a positive return on equity of 2.39% and a negative net margin of 10.90%. Malibu Boats’s quarterly revenue was down 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.07 EPS. On average, analysts expect Malibu Boats to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Malibu Boats Stock Down 2.9 %

Shares of NASDAQ MBUU opened at $38.36 on Wednesday. Malibu Boats has a 52-week low of $30.20 and a 52-week high of $51.21. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 1.55. The business has a fifty day moving average of $39.20 and a two-hundred day moving average of $38.78. The stock has a market cap of $756.46 million, a PE ratio of -9.64 and a beta of 1.32.

Wall Street Analyst Weigh In

A number of research firms have commented on MBUU. Robert W. Baird boosted their price target on shares of Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com raised Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. DA Davidson cut Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a report on Friday, November 1st. Benchmark reissued a “buy” rating and issued a $44.00 price objective on shares of Malibu Boats in a research note on Friday, November 1st. Finally, Truist Financial cut their price target on Malibu Boats from $42.00 to $34.00 and set a “hold” rating for the company in a report on Tuesday, January 7th. One research 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 stock has an average rating of “Hold” and an average 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.