Shares of Malibu Boats, Inc. (NASDAQ:MBUU – Get Free Report) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $31.60.
Several equities analysts recently commented on the company. DA Davidson reiterated a “neutral” rating and issued a $30.00 target price on shares of Malibu Boats in a research note on Monday, June 15th. Wall Street Zen upgraded Malibu Boats from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded shares of Malibu Boats from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 11th. Zacks Research downgraded shares of Malibu Boats from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, Truist Financial increased their price objective on shares of Malibu Boats from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Monday, July 6th.
Check Out Our Latest Analysis on Malibu Boats
Institutional Trading of Malibu Boats
Malibu Boats Trading Up 0.1%
Shares of MBUU opened at $29.28 on Thursday. The firm has a 50 day simple moving average of $27.38 and a 200-day simple moving average of $27.86. The stock has a market cap of $575.06 million, a price-to-earnings ratio of -488.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.31 and a quick ratio of 0.44. Malibu Boats has a 1-year low of $23.84 and a 1-year high of $39.65.
Malibu Boats (NASDAQ:MBUU – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.27. Malibu Boats had a negative net margin of 0.11% and a positive return on equity of 3.28%. The business had revenue of $235.70 million during the quarter, compared to the consensus estimate of $203.46 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities analysts forecast that Malibu Boats will post 1.34 EPS for the current fiscal year.
Malibu Boats Company Profile
Malibu Boats, Inc is a leading designer, manufacturer and distributor of performance sport boats for the recreational boating market. The company’s product portfolio includes the premium Malibu® brand and the value-oriented Axis® Wake Research line, as well as Cobalt® boats following its 2020 acquisition. Malibu’s vessels are engineered to serve water-sports enthusiasts, with models optimized for wakeboarding, wakesurfing and waterskiing.
Founded in 1982 by water-sports enthusiast Jack Springer, Malibu Boats is headquartered in Loudon, Tennessee.
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