Malibu Boats (MBUU) Set to Announce Quarterly Earnings on Thursday

Malibu Boats (NASDAQ:MBUU - Get Free Report) is set to release its earnings data before the market opens on Thursday, October 31st. Analysts expect Malibu Boats to post earnings of ($0.15) per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Malibu Boats (NASDAQ:MBUU - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.07). The business had revenue of $158.70 million for the quarter, compared to analyst estimates of $157.54 million. Malibu Boats had a positive return on equity of 6.21% and a negative net margin of 6.74%. Malibu Boats's revenue was down 57.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.96 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 Price Performance

Shares of MBUU stock traded up $1.04 during trading hours on Thursday, reaching $39.68. The company had a trading volume of 137,948 shares, compared to its average volume of 255,300. Malibu Boats has a 1-year low of $30.20 and a 1-year high of $56.03. The firm has a market cap of $811.06 million, a price-to-earnings ratio of -14.47 and a beta of 1.38. The company has a 50 day moving average of $38.09 and a 200 day moving average of $36.56.

Analysts Set New Price Targets

MBUU has been the topic of a number of recent analyst reports. Truist Financial restated a "hold" rating and set a $32.00 target price on shares of Malibu Boats in a report on Monday, July 8th. StockNews.com lowered shares of Malibu Boats from a "hold" rating to a "sell" rating in a research note on Friday, August 30th. DA Davidson reaffirmed a "buy" rating and issued a $45.00 target price on shares of Malibu Boats in a research note on Tuesday, September 10th. Finally, B. Riley reduced their price target on shares of Malibu Boats from $39.00 to $35.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Malibu Boats currently has an average rating of "Hold" and a consensus target price of $40.00.

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.