Malibu Boats (MBUU) Projected to Post Earnings on Thursday

Malibu Boats (NASDAQ:MBUU) will likely be issuing its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $195.85 million for the quarter. Persons 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 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.16. The business had revenue of $171.60 million for the quarter, compared to the consensus estimate of $165.33 million. Malibu Boats had a negative net margin of 10.90% and a positive return on equity of 2.39%. Malibu Boats’s revenue for the quarter was down 32.9% on a year-over-year basis. During the same period last year, the company posted $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. The firm has a 50 day moving average price of $39.20 and a 200 day moving average price of $38.78. 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 stock has a market cap of $756.46 million, a P/E ratio of -9.64 and a beta of 1.32. Malibu Boats has a 52-week low of $30.20 and a 52-week high of $51.21.

Wall Street Analyst Weigh In

Several research firms have weighed in on MBUU. Robert W. Baird lifted their target price on Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Truist Financial decreased 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. DA Davidson downgraded shares of 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 target on shares of Malibu Boats in a report on Friday, November 1st. Finally, StockNews.com upgraded shares of Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus 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.