Malibu Boats (MBUU) to Release Earnings on Thursday

Malibu Boats (NASDAQ:MBUU - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $195,846.44 billion for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.16. The company 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 quarterly revenue was down 32.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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 Up 4.8 %

Shares of MBUU traded up $1.74 during trading hours on Thursday, hitting $38.25. The stock had a trading volume of 171,279 shares, compared to its average volume of 152,563. Malibu Boats has a 1-year low of $30.20 and a 1-year high of $54.22. The firm has a market capitalization of $754.29 million, a P/E ratio of -9.61 and a beta of 1.32. The firm has a 50 day simple moving average of $39.40 and a 200-day simple moving average of $38.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.52.

Analyst Ratings Changes

Several brokerages have weighed in on MBUU. Robert W. Baird raised their price objective on Malibu Boats from $40.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Malibu Boats to a "sell" rating in a report on Saturday, November 2nd. Truist Financial reduced their price objective on shares of 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 Malibu Boats from a "buy" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research note on Friday, November 1st. Finally, Benchmark reissued a "buy" rating and issued a $44.00 price objective on shares of Malibu Boats in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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.