Malibu Boats (NASDAQ:MBUU) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Malibu Boats (NASDAQ:MBUU) posted its earnings results on Thursday. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01), Zacks reports. Malibu Boats had a positive return on equity of 2.39% and a negative net margin of 10.90%.

Malibu Boats Stock Up 7.5 %

Shares of Malibu Boats stock traded up $2.88 during trading on Thursday, reaching $41.34. 130,953 shares of the company traded hands, compared to its average volume of 157,081. 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 firm has a market capitalization of $815.22 million, a PE ratio of -10.39 and a beta of 1.32. The company has a 50 day moving average price of $39.16 and a 200-day moving average price of $38.78. Malibu Boats has a 1-year low of $30.20 and a 1-year high of $50.39.

Analysts Set New Price Targets

Several research firms recently issued reports on MBUU. Robert W. Baird boosted their price target on Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Truist Financial cut their target price on Malibu Boats from $42.00 to $34.00 and set a “hold” rating for the company in a research note on Tuesday, January 7th. Benchmark reiterated a “buy” rating and set a $44.00 price objective 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. Finally, KeyCorp lowered their price objective on Malibu Boats from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. One 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 presently has an average rating of “Hold” and an average 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.