Malibu Boats (NASDAQ:MBUU) Releases Earnings Results, Beats Estimates By $0.13 EPS

Malibu Boats (NASDAQ:MBUU) issued its earnings results on Thursday. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.13, Briefing.com reports. Malibu Boats had a return on equity of 44.28% and a net margin of 9.66%. The company had revenue of $172.10 million for the quarter, compared to analysts’ expectations of $149.98 million. During the same period last year, the business earned $0.67 EPS. Malibu Boats’s quarterly revenue was up 39.4% compared to the same quarter last year.

Shares of NASDAQ MBUU traded down $0.18 during mid-day trading on Friday, reaching $37.83. 212,000 shares of the company’s stock were exchanged, compared to its average volume of 226,730. Malibu Boats has a 52 week low of $24.79 and a 52 week high of $50.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.69 and a quick ratio of 0.79. The firm has a market capitalization of $697.09 million, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 0.90 and a beta of 1.80. The firm has a 50-day moving average price of $31.98 and a two-hundred day moving average price of $34.20.

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Several brokerages have weighed in on MBUU. BMO Capital Markets dropped their price objective on Malibu Boats from $62.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. B. Riley dropped their price objective on Malibu Boats from $62.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Wells Fargo & Co set a $40.00 price objective on Malibu Boats and gave the company a “buy” rating in a research note on Thursday, August 29th. Zacks Investment Research upgraded Malibu Boats from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Raymond James cut Malibu Boats from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Malibu Boats presently has a consensus rating of “Buy” and a consensus price target of $47.83.

Malibu Boats Company Profile

Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

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Earnings History for Malibu Boats (NASDAQ:MBUU)

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