Malibu Boats (NASDAQ:MBUU) Issues Quarterly Earnings Results

Malibu Boats (NASDAQ:MBUU) announced its quarterly earnings data 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 Stock Performance

MBUU traded up $2.88 on Thursday, hitting $41.34. The company had a trading volume of 130,953 shares, compared to its average volume of 157,081. The company’s fifty day moving average price is $39.16 and its 200 day moving average price is $38.78. Malibu Boats has a 1-year low of $30.20 and a 1-year high of $50.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.52. The stock has a market cap of $815.22 million, a price-to-earnings ratio of -10.39 and a beta of 1.32.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MBUU. Truist Financial decreased their price target 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. Robert W. Baird raised their target price on Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and set a $44.00 price target on shares of Malibu Boats in a research report on Friday, November 1st. StockNews.com upgraded Malibu Boats to a “sell” rating in a research report on Saturday, November 2nd. Finally, KeyCorp dropped their target price on Malibu Boats from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. One equities research 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.71.

About Malibu Boats

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.