Malibu Boats, Inc. (MBUU) to Release Earnings on Tuesday
Malibu Boats, Inc. (NASDAQ:MBUU) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, November 7th. Analysts expect Malibu Boats to post earnings of $0.32 per share for the quarter.
Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Malibu Boats had a return on equity of 78.71% and a net margin of 10.06%. The firm had revenue of $75.11 million during the quarter, compared to analyst estimates of $73.35 million. During the same quarter in the previous year, the business earned $0.38 EPS. Malibu Boats’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, analysts expect Malibu Boats to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Malibu Boats, Inc. (NASDAQ:MBUU) opened at $31.60 on Monday. Malibu Boats, Inc. has a 52 week low of $15.29 and a 52 week high of $33.35. The company has a quick ratio of 1.18, a current ratio of 1.79 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $641.07, a PE ratio of 20.79, a P/E/G ratio of 1.16 and a beta of 1.02.
Several research firms have commented on MBUU. ValuEngine lowered Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. BMO Capital Markets reiterated a “buy” rating and set a $32.00 price objective on shares of Malibu Boats in a research note on Friday, October 13th. BidaskClub lowered Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research note on Saturday, August 12th. Finally, Aegis began coverage on Malibu Boats in a research note on Monday, October 2nd. They set a “buy” rating and a $37.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.07.
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In related news, Director Peter E. Murphy purchased 3,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was acquired at an average cost of $25.50 per share, for a total transaction of $76,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is owned by corporate insiders.
About Malibu Boats
Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.
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