Malibu Boats (NASDAQ:MBUU) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Malibu Boats (NASDAQ:MBUU) released its quarterly earnings results on Thursday. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates 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 Price Performance

Malibu Boats stock opened at $38.29 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 1.55. Malibu Boats has a 1 year low of $30.20 and a 1 year high of $50.39. The company’s 50-day moving average is $39.00 and its two-hundred day moving average is $38.80.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MBUU. DA Davidson downgraded Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a report on Friday, November 1st. Benchmark reiterated a “buy” rating and issued a $44.00 price objective on shares of Malibu Boats in a research report on Friday, November 1st. StockNews.com upgraded Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. KeyCorp cut their price target on Malibu Boats from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Robert W. Baird increased their price objective on shares of Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $42.83.

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.