Malibu Boats Inc (NASDAQ:MBUU) – Stock analysts at B. Riley upped their Q3 2020 EPS estimates for Malibu Boats in a report released on Monday, March 23rd. B. Riley analyst E. Wold now anticipates that the company will earn $1.12 per share for the quarter, up from their previous estimate of $1.11. B. Riley currently has a “Buy” rating and a $32.00 target price on the stock.

Malibu Boats (NASDAQ:MBUU) last announced its earnings results on Thursday, February 6th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.24. The firm had revenue of $180.10 million for the quarter, compared to the consensus estimate of $164.13 million. Malibu Boats had a return on equity of 39.76% and a net margin of 9.79%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS.

A number of other research firms also recently commented on MBUU. KeyCorp boosted their price objective on Malibu Boats from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Zacks Investment Research raised Malibu Boats from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Thursday, February 13th. ValuEngine downgraded Malibu Boats from a “hold” rating to a “sell” rating in a research note on Friday, March 20th. Raymond James raised Malibu Boats from a “market perform” rating to an “outperform” rating and set a $56.00 price objective on the stock in a research note on Tuesday, February 18th. Finally, Berenberg Bank initiated coverage on Malibu Boats in a research note on Wednesday, January 15th. They issued a “buy” rating and a $50.00 price objective on the stock. Two analysts have rated the stock with a sell rating and eight have assigned a buy rating to the company. Malibu Boats presently has a consensus rating of “Buy” and an average price target of $49.63.

Shares of Malibu Boats stock opened at $26.55 on Wednesday. Malibu Boats has a 1-year low of $22.30 and a 1-year high of $52.13. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.55 and a quick ratio of 0.61. The business’s fifty day moving average price is $39.77 and its two-hundred day moving average price is $37.49. The company has a market capitalization of $475.51 million, a P/E ratio of 7.59 and a beta of 1.89.

Institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System grew its holdings in shares of Malibu Boats by 1.6% in the 3rd quarter. California State Teachers Retirement System now owns 32,327 shares of the company’s stock worth $992,000 after acquiring an additional 521 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Malibu Boats by 1.9% in the 4th quarter. Rhumbline Advisers now owns 35,505 shares of the company’s stock worth $1,454,000 after acquiring an additional 660 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Malibu Boats by 0.5% in the 4th quarter. Bank of America Corp DE now owns 127,925 shares of the company’s stock worth $5,239,000 after acquiring an additional 674 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Malibu Boats by 3.8% in the 4th quarter. UBS Asset Management Americas Inc. now owns 19,284 shares of the company’s stock worth $790,000 after acquiring an additional 710 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in shares of Malibu Boats in the 4th quarter worth $30,000. 98.49% of the stock is currently owned by institutional investors.

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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