Malibu Boats, Inc. (NASDAQ:MBUU – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $40.00.
Several research firms have recently weighed in on MBUU. StockNews.com lowered shares of Malibu Boats from a “hold” rating to a “sell” rating in a report on Friday, August 30th. B. Riley dropped their price target on Malibu Boats from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Truist Financial reiterated a “hold” rating and issued a $32.00 price objective on shares of Malibu Boats in a research report on Monday, July 8th. Finally, DA Davidson restated a “buy” rating and set a $45.00 target price on shares of Malibu Boats in a report on Tuesday, September 10th.
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Malibu Boats Price Performance
Malibu Boats stock opened at $39.68 on Friday. The firm has a market capitalization of $811.06 million, a P/E ratio of -14.86 and a beta of 1.38. The stock has a fifty day moving average price of $38.18 and a two-hundred day moving average price of $36.58. Malibu Boats has a 52-week low of $30.20 and a 52-week high of $56.03.
Malibu Boats (NASDAQ:MBUU – Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.07). Malibu Boats had a positive return on equity of 6.21% and a negative net margin of 6.74%. The firm had revenue of $158.70 million during the quarter, compared to the consensus estimate of $157.54 million. During the same period in the previous year, the company posted $2.96 EPS. The firm’s revenue for the quarter was down 57.4% compared to the same quarter last year. On average, equities research analysts predict that Malibu Boats will post 1.98 EPS for the current fiscal year.
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.
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