Malibu Boats (NASDAQ:MBUU) Issues Earnings Results, Misses Expectations By $0.01 EPS

Malibu Boats (NASDAQ:MBUU) released its quarterly earnings data on Thursday. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01), Zacks reports. Malibu Boats had a negative net margin of 10.90% and a positive return on equity of 2.39%.

Malibu Boats Price Performance

Shares of MBUU traded up $2.81 during midday trading on Thursday, reaching $41.27. The stock had a trading volume of 121,446 shares, compared to its average volume of 156,511. The company has a current ratio of 1.55, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $813.75 million, a price-to-earnings ratio of -10.37 and a beta of 1.32. The company’s 50-day moving average is $39.16 and its 200 day moving average is $38.78. Malibu Boats has a 12-month low of $30.20 and a 12-month high of $50.39.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MBUU. DA Davidson lowered shares of Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a research note on Friday, November 1st. Truist Financial decreased their price target on shares of Malibu Boats from $42.00 to $34.00 and set a “hold” rating for the company in a research note on Tuesday, January 7th. StockNews.com raised shares of Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. KeyCorp cut their price target on Malibu Boats from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Robert W. Baird increased their price target on shares of Malibu Boats from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $42.71.

About Malibu Boats

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.