Malibu Boats (MBUU) Scheduled to Post Earnings on Thursday

Malibu Boats (NASDAQ:MBUU) will release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Malibu Boats to post earnings of $0.40 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.10. The company had revenue of $211.07 million for the quarter, compared to analysts’ expectations of $219.64 million. Malibu Boats had a net margin of 5.32% and a return on equity of 24.23%. The business’s revenue was down 37.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 EPS. On average, analysts expect Malibu Boats to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Malibu Boats Stock Performance

Shares of MBUU opened at $34.79 on Tuesday. The firm’s 50 day moving average is $40.22 and its 200-day moving average is $45.60. The stock has a market capitalization of $710.76 million, a P/E ratio of 11.15 and a beta of 1.37. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.82 and a quick ratio of 0.69. Malibu Boats has a 12-month low of $32.90 and a 12-month high of $62.36.

Analyst Ratings Changes

Several brokerages have recently issued reports on MBUU. Truist Financial lowered their price objective on shares of Malibu Boats from $62.00 to $52.00 and set a “buy” rating on the stock in a research note on Wednesday, January 31st. B. Riley decreased their target price on shares of Malibu Boats from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. KeyCorp decreased their target price on shares of Malibu Boats from $58.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. StockNews.com upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Monday, February 26th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $54.00 target price on shares of Malibu Boats in a report on Friday, January 19th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $49.00.

Insider Buying and Selling

In related news, insider Michael K. Hooks purchased 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was acquired at an average cost of $42.82 per share, for a total transaction of $535,250.00. Following the completion of the acquisition, the insider now owns 12,500 shares in the company, valued at approximately $535,250. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.62% of the stock is currently owned by corporate insiders.

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.