Malibu Boats (MBUU) Expected to Announce Earnings on Thursday

Malibu Boats (NASDAQ:MBUU) is anticipated to post 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 $195,846.44 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.16. Malibu Boats had a negative net margin of 10.90% and a positive return on equity of 2.39%. The firm had revenue of $171.60 million during the quarter, compared to analyst estimates of $165.33 million. During the same quarter last year, the business earned $1.07 EPS. The company’s revenue was down 32.9% compared to the same quarter last year. 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 1.1 %

Malibu Boats stock opened at $36.51 on Thursday. 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 52-week low of $30.20 and a 52-week high of $54.31. The firm has a 50 day moving average price of $39.40 and a two-hundred day moving average price of $38.55. The firm has a market cap of $719.98 million, a price-to-earnings ratio of -9.17 and a beta of 1.32.

Analyst Ratings Changes

MBUU has been the subject of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and issued a $44.00 target price on shares of Malibu Boats in a research report on Friday, November 1st. StockNews.com raised Malibu Boats to a “sell” rating in a research note on Saturday, November 2nd. Robert W. Baird upped their price target on Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial dropped their price target on Malibu Boats from $42.00 to $34.00 and set a “hold” rating on the stock in a research note on Tuesday, January 7th. Finally, DA Davidson downgraded shares of Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. 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 data from MarketBeat, the company presently 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.