Media headlines about Malibu Boats (NASDAQ:MBUU) have trended somewhat positive on Saturday, Accern reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Malibu Boats earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.7254592426993 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of brokerages have commented on MBUU. SunTrust Banks reiterated a “buy” rating and set a $37.00 price target on shares of Malibu Boats in a research report on Friday, February 9th. KeyCorp reiterated an “overweight” rating and set a $38.00 price target (up from $33.00) on shares of Malibu Boats in a research report on Friday, February 9th. BMO Capital Markets increased their price target on shares of Malibu Boats from $34.00 to $40.00 and gave the company a “top pick” rating in a research report on Tuesday, February 13th. B. Riley increased their price target on shares of Malibu Boats from $29.50 to $32.25 and gave the company a “neutral” rating in a research report on Monday, February 12th. Finally, ValuEngine upgraded shares of Malibu Boats from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Malibu Boats has a consensus rating of “Buy” and an average price target of $35.28.
Shares of NASDAQ MBUU opened at $33.57 on Friday. Malibu Boats has a one year low of $21.44 and a one year high of $36.81. The company has a current ratio of 1.70, a quick ratio of 0.92 and a debt-to-equity ratio of 0.98. The company has a market cap of $689.53, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.02 and a beta of 1.02.
Malibu Boats (NASDAQ:MBUU) last issued its earnings results on Friday, February 9th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. Malibu Boats had a net margin of 4.64% and a return on equity of 44.97%. The firm had revenue of $114.37 million for the quarter, compared to analysts’ expectations of $108.84 million. During the same quarter last year, the business earned $0.38 earnings per share. The business’s revenue was up 69.0% on a year-over-year basis. sell-side analysts predict that Malibu Boats will post 2.19 EPS for the current fiscal year.
In other news, VP Dan L. Gasper sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $34.15, for a total value of $512,250.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.50% of the stock is currently owned by company insiders.
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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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