Malibu Boats (NASDAQ:MBUU) Issues Quarterly Earnings Results

Malibu Boats (NASDAQ:MBUU - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.16, Briefing.com reports. Malibu Boats had a negative net margin of 10.90% and a positive return on equity of 2.33%. The business had revenue of $171.60 million during the quarter, compared to analysts' expectations of $165.33 million. During the same quarter in the previous year, the company earned $1.07 EPS. The business's quarterly revenue was down 32.9% compared to the same quarter last year.

Malibu Boats Price Performance

MBUU traded down $0.95 during trading on Friday, hitting $43.93. 392,848 shares of the stock traded hands, compared to its average volume of 193,157. The firm has a market capitalization of $879.04 million, a P/E ratio of -11.04 and a beta of 1.36. The firm has a 50-day moving average of $39.14 and a 200 day moving average of $36.69. Malibu Boats has a 12-month low of $30.20 and a 12-month high of $56.03.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MBUU shares. Truist Financial upped their price objective on shares of Malibu Boats from $32.00 to $42.00 and gave the company a "hold" rating in a research note on Friday. KeyCorp upped their price objective on shares of Malibu Boats from $38.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday. B. Riley cut their price objective on shares of Malibu Boats from $39.00 to $35.00 and set a "neutral" rating for the company in a research note on Wednesday, July 10th. StockNews.com raised shares of Malibu Boats to a "sell" rating in a research note on Saturday. Finally, 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 research note on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $44.57.

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.