Malibu Boats (NASDAQ:MBUU - Get Free Report) issued its earnings results 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 12.09% and a positive return on equity of 1.04%.
Malibu Boats Stock Down 6.3 %
Malibu Boats stock traded down $2.40 during trading hours on Monday, hitting $35.89. The company had a trading volume of 268,356 shares, compared to its average volume of 179,479. The firm's fifty day moving average is $39.00 and its 200-day moving average is $38.81. The firm has a market capitalization of $704.88 million, a P/E ratio of -8.25 and a beta of 1.33. Malibu Boats has a fifty-two week low of $30.20 and a fifty-two week high of $50.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 0.45.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. KeyCorp reduced their price objective on Malibu Boats from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. StockNews.com raised Malibu Boats to a "sell" rating in a research note on Saturday, November 2nd. Robert W. Baird raised their target price on shares of Malibu Boats from $40.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. DA Davidson cut shares of Malibu Boats from a "buy" rating to a "neutral" rating and set a $45.00 price objective for the company. in a report on Friday, November 1st. Finally, Truist Financial boosted their target price on Malibu Boats from $34.00 to $38.00 and gave the stock a "hold" rating in a report on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Malibu Boats presently has a consensus rating of "Hold" and a consensus price target of $42.83.
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About Malibu Boats
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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.
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