Malibu Boats, Inc. (NASDAQ:MBUU) will be issuing its quarterly earnings data before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.32 per share for the quarter.
Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results on Thursday, September 7th. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $75.11 million during the quarter, compared to analysts’ expectations of $73.35 million. Malibu Boats had a return on equity of 78.71% and a net margin of 10.06%. Malibu Boats’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 EPS. On average, analysts expect Malibu Boats to post $1.82 EPS for the current fiscal year and $2.04 EPS for the next fiscal year.
Malibu Boats, Inc. (NASDAQ:MBUU) traded up 0.954% during trading on Tuesday, reaching $31.225. The company’s stock had a trading volume of 18,169 shares. The stock’s 50-day moving average is $30.76 and its 200 day moving average is $26.81. The firm has a market capitalization of $633.46 million, a price-to-earnings ratio of 19.763 and a beta of 1.03. Malibu Boats, Inc. has a 52-week low of $14.62 and a 52-week high of $33.35.
In related news, Director Peter E. Murphy acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of $25.50 per share, with a total value of $76,500.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.50% of the stock is currently owned by company insiders.
A number of brokerages recently weighed in on MBUU. KeyCorp reissued a “buy” rating and issued a $31.00 price objective on shares of Malibu Boats in a research note on Friday, October 20th. BMO Capital Markets reissued a “buy” rating and issued a $32.00 price objective on shares of Malibu Boats in a research note on Friday, October 13th. ValuEngine downgraded Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Aegis began coverage on Malibu Boats in a research note on Monday, October 2nd. They issued a “buy” rating and a $37.00 price objective on the stock. Finally, B. Riley reissued a “neutral” rating and issued a $25.50 price objective on shares of Malibu Boats in a research note on Wednesday, September 13th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $30.07.
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Malibu Boats Company Profile
Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.
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