Malibu Boats (MBUU) Scheduled to Post Quarterly Earnings on Thursday

Malibu Boats (NASDAQ:MBUU) will be issuing its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings data on Thursday, August 29th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.07). The business had revenue of $158.70 million for the quarter, compared to the consensus estimate of $157.54 million. Malibu Boats had a negative net margin of 6.74% and a positive return on equity of 6.21%. Malibu Boats’s quarterly revenue was down 57.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.96 EPS. On average, analysts expect Malibu Boats to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Malibu Boats Stock Up 1.1 %

NASDAQ:MBUU opened at $42.36 on Wednesday. The stock has a market cap of $865.84 million, a P/E ratio of -15.70 and a beta of 1.38. The business’s 50-day moving average price is $38.46 and its two-hundred day moving average price is $36.48. Malibu Boats has a twelve month low of $30.20 and a twelve month high of $56.03.

Wall Street Analyst Weigh In

A number of research firms have commented on MBUU. DA Davidson reissued a “buy” rating and issued a $45.00 price target on shares of Malibu Boats in a research note on Tuesday, September 10th. B. Riley cut their target price on shares of Malibu Boats from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. StockNews.com downgraded Malibu Boats from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. Finally, Truist Financial reiterated a “hold” rating and issued a $32.00 price objective on shares of Malibu Boats in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Malibu Boats has a consensus rating of “Hold” and a consensus price target of $40.00.

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.