Malibu Boats Inc (NASDAQ:MBUU) – Stock analysts at B. Riley reduced their FY2020 earnings per share estimates for shares of Malibu Boats in a report issued on Monday, March 23rd. B. Riley analyst E. Wold now anticipates that the company will post earnings of $3.59 per share for the year, down from their previous estimate of $3.92. B. Riley currently has a “Buy” rating and a $32.00 target price on the stock. B. Riley also issued estimates for Malibu Boats’ Q4 2020 earnings at $0.78 EPS, Q1 2021 earnings at $0.58 EPS, Q2 2021 earnings at $0.61 EPS, Q3 2021 earnings at $0.83 EPS, Q4 2021 earnings at $0.66 EPS and FY2021 earnings at $2.69 EPS.
MBUU has been the topic of several other reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $60.00 target price on shares of Malibu Boats in a report on Friday, February 7th. Raymond James raised Malibu Boats from a “market perform” rating to an “outperform” rating and set a $56.00 price objective on the stock in a report on Tuesday, February 18th. ValuEngine raised Malibu Boats from a “sell” rating to a “hold” rating in a report on Thursday. Berenberg Bank started coverage on Malibu Boats in a report on Wednesday, January 15th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, Zacks Investment Research raised Malibu Boats from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $49.63.
Malibu Boats stock opened at $28.60 on Thursday. The firm has a market cap of $512.15 million, a price-to-earnings ratio of 8.17 and a beta of 1.89. Malibu Boats has a 52 week low of $22.30 and a 52 week high of $52.13. The business’s 50-day moving average price is $39.77 and its 200 day moving average price is $37.49. The company has a quick ratio of 0.61, a current ratio of 1.55 and a debt-to-equity ratio of 0.40.
Malibu Boats (NASDAQ:MBUU) last posted its earnings results on Thursday, February 6th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.69 by $0.24. The firm had revenue of $180.10 million for the quarter, compared to analyst estimates of $164.13 million. Malibu Boats had a return on equity of 39.76% and a net margin of 9.79%. Malibu Boats’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.86 earnings per share.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Hancock Whitney Corp purchased a new position in Malibu Boats during the fourth quarter worth approximately $434,000. First Trust Advisors LP purchased a new position in Malibu Boats during the third quarter worth approximately $1,454,000. Public Employees Retirement System of Ohio lifted its position in Malibu Boats by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 100,566 shares of the company’s stock worth $3,085,000 after buying an additional 820 shares in the last quarter. SG Americas Securities LLC purchased a new position in Malibu Boats during the third quarter worth approximately $146,000. Finally, California Public Employees Retirement System lifted its position in Malibu Boats by 12.7% during the third quarter. California Public Employees Retirement System now owns 52,938 shares of the company’s stock worth $1,624,000 after buying an additional 5,976 shares in the last quarter. 98.49% of the stock is currently owned by institutional investors.
Malibu Boats Company Profile
Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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