Malibu Boats (NASDAQ:MBUU) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Malibu Boats (NASDAQ:MBUU) posted its quarterly earnings data on Thursday. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01), Zacks reports. Malibu Boats had a negative net margin of 10.90% and a positive return on equity of 2.39%.

Malibu Boats Price Performance

Shares of NASDAQ MBUU traded down $0.41 during trading hours on Friday, hitting $38.47. 75,785 shares of the stock were exchanged, compared to its average volume of 160,468. Malibu Boats has a 1-year low of $30.20 and a 1-year high of $50.39. The company has a market cap of $758.55 million, a PE ratio of -9.66 and a beta of 1.32. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 1.55. The company’s fifty day simple moving average is $39.09 and its two-hundred day simple moving average is $38.78.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MBUU shares. Truist Financial reduced their price target on Malibu Boats from $42.00 to $34.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. Benchmark reissued a “buy” rating and issued a $44.00 price objective on shares of Malibu Boats in a research report on Friday, November 1st. Robert W. Baird raised their target price on shares of Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. KeyCorp dropped their price target on Malibu Boats from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, StockNews.com raised Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.71.

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.