Malibu Boats (MBUU) Scheduled to Post Quarterly Earnings on Thursday

Malibu Boats (NASDAQ:MBUU) is set to issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Malibu Boats (NASDAQ:MBUU) last issued its earnings results on Thursday, August 29th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.07). The firm had revenue of $158.70 million for the quarter, compared to analysts’ expectations of $157.54 million. Malibu Boats had a positive return on equity of 6.21% and a negative net margin of 6.74%. Malibu Boats’s revenue for the quarter was down 57.4% on a year-over-year basis. During the same period last year, the firm earned $2.96 earnings per share. On average, analysts expect Malibu Boats to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Malibu Boats Price Performance

Malibu Boats stock opened at $38.64 on Thursday. The firm has a 50 day simple moving average of $38.09 and a 200-day simple moving average of $36.56. The stock has a market cap of $789.80 million, a price-to-earnings ratio of -14.47 and a beta of 1.38. Malibu Boats has a 1-year low of $30.20 and a 1-year high of $56.03.

Wall Street Analyst Weigh In

MBUU has been the subject of several analyst reports. B. Riley lowered their price objective on Malibu Boats from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Truist Financial reiterated a “hold” rating and set a $32.00 price target on shares of Malibu Boats in a report on Monday, July 8th. DA Davidson reiterated a “buy” rating and set a $45.00 price target on shares of Malibu Boats in a research report on Tuesday, September 10th. Finally, StockNews.com lowered shares of Malibu Boats from a “hold” rating to a “sell” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.00.

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.