Malibu Boats (NASDAQ:MBUU) Updates FY 2021 Earnings Guidance

Malibu Boats (NASDAQ:MBUU) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of – for the period. The company issued revenue guidance of $901.37 million-$901.37 million, compared to the consensus revenue estimate of $897.03 million.

MBUU traded down $1.39 during midday trading on Tuesday, hitting $85.41. The stock had a trading volume of 340,377 shares, compared to its average volume of 208,883. The business has a fifty day moving average of $83.60 and a 200 day moving average of $70.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.92 and a current ratio of 1.74. Malibu Boats has a 1 year low of $33.25 and a 1 year high of $93.00. The company has a market cap of $1.77 billion, a P/E ratio of 26.69 and a beta of 1.94.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Tuesday, May 4th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.65 by $0.17. Malibu Boats had a net margin of 10.09% and a return on equity of 28.93%. The firm had revenue of $273.16 million during the quarter, compared to the consensus estimate of $255.13 million. During the same period in the prior year, the firm posted $1.13 earnings per share. The company’s quarterly revenue was up 49.8% compared to the same quarter last year. On average, equities research analysts anticipate that Malibu Boats will post 5.05 earnings per share for the current year.

Several research firms have weighed in on MBUU. Raymond James increased their price target on shares of Malibu Boats from $85.00 to $95.00 and gave the stock an outperform rating in a research report on Monday, March 29th. B. Riley increased their target price on Malibu Boats from $85.00 to $93.00 and gave the company a buy rating in a research report on Wednesday, February 10th. Zacks Investment Research cut shares of Malibu Boats from a buy rating to a hold rating in a research report on Wednesday, April 14th. BMO Capital Markets increased their price objective on shares of Malibu Boats from $86.00 to $97.00 and gave the company an outperform rating in a research report on Wednesday, February 10th. Finally, Truist lifted their target price on Malibu Boats from $75.00 to $82.00 in a report on Wednesday, January 27th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $78.00.

In other Malibu Boats news, COO Ritchie L. Anderson sold 7,500 shares of the firm’s stock in a transaction dated Thursday, February 11th. The stock was sold at an average price of $79.08, for a total value of $593,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Wayne R. Wilson sold 14,993 shares of the company’s stock in a transaction dated Thursday, February 11th. The shares were sold at an average price of $78.01, for a total transaction of $1,169,603.93. The disclosure for this sale can be found here. Insiders sold a total of 67,100 shares of company stock worth $5,209,415 over the last quarter. Company insiders own 1.74% of the company’s stock.

Malibu Boats Company Profile

Malibu Boats, Inc designs, manufactures, distributes, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Cobalt, and Pursuit. The company offers performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Cobalt, and Pursuit brands.

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Earnings History and Estimates for Malibu Boats (NASDAQ:MBUU)

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