Malibu Boats (MBUU) Earning Somewhat Favorable News Coverage, Study Shows
News coverage about Malibu Boats (NASDAQ:MBUU) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Malibu Boats earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.1363359598836 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
MBUU has been the subject of a number of research reports. Zacks Investment Research raised shares of Malibu Boats from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, June 21st. ValuEngine raised shares of Malibu Boats from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $32.00 price target (up from $30.00) on shares of Malibu Boats in a research report on Friday, September 8th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $29.00 target price on shares of Malibu Boats in a report on Wednesday, July 5th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Malibu Boats has an average rating of “Buy” and a consensus target price of $28.92.
Shares of Malibu Boats (MBUU) traded up 0.16% during midday trading on Friday, hitting $31.64. 185,824 shares of the stock were exchanged. The company has a market cap of $641.88 million, a PE ratio of 20.03 and a beta of 0.99. Malibu Boats has a 12-month low of $14.12 and a 12-month high of $31.94. The firm has a 50-day moving average price of $26.80 and a 200-day moving average price of $24.74.
Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings results on Thursday, September 7th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Malibu Boats had a net margin of 10.06% and a return on equity of 78.71%. The business had revenue of $75.11 million during the quarter, compared to analyst estimates of $73.35 million. During the same period in the previous year, the business posted $0.38 EPS. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, equities analysts predict that Malibu Boats will post $1.89 EPS for the current year.
In other Malibu Boats news, Director Peter E. Murphy purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was acquired at an average cost of $25.50 per share, with a total value of $76,500.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.
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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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