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, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with's FREE daily email newsletter.

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.

Featured Article: What is Compound Interest?

Earnings History for Malibu Boats (NASDAQ:MBUU)

Leave a Reply

Your email address will not be published. Required fields are marked *