Malibu Boats, Inc. (NASDAQ:MBUU – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $40.00.
MBUU has been the subject of a number of research analyst reports. StockNews.com cut Malibu Boats from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. B. Riley dropped their target price on shares of Malibu Boats from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. DA Davidson reaffirmed a “buy” rating and issued a $45.00 price target on shares of Malibu Boats in a report on Tuesday, September 10th. Finally, Truist Financial reiterated a “hold” rating and issued a $32.00 price target on shares of Malibu Boats in a research report on Monday, July 8th.
Check Out Our Latest Stock Report on MBUU
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Malibu Boats Trading Up 2.1 %
MBUU stock opened at $39.15 on Monday. The company’s 50-day moving average price is $36.44 and its 200 day moving average price is $36.67. Malibu Boats has a 52 week low of $30.20 and a 52 week high of $56.03. The company has a market cap of $800.23 million, a P/E ratio of -14.66 and a beta of 1.38.
Malibu Boats (NASDAQ:MBUU – Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.07). The firm had revenue of $158.70 million during the quarter, compared to analyst estimates of $157.54 million. Malibu Boats had a positive return on equity of 6.21% and a negative net margin of 6.74%. The business’s revenue was down 57.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.96 EPS. On average, equities research analysts expect that Malibu Boats will post 1.98 earnings per share for the current year.
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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