Malibu Boats (MBUU) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Malibu Boats in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MBUU shares.
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7 equities research analysts have issued twelve-month price targets for Malibu Boats' shares. Their MBUU share price forecasts range from $53.00 to $80.00. On average, they expect the company's share price to reach $63.86 in the next year. This suggests a possible upside of 34.9% from the stock's current price.
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Malibu Boats' stock was trading at $53.30 on January 1st, 2023. Since then, MBUU shares have decreased by 11.2% and is now trading at $47.35.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
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Malibu Boats, Inc. (NASDAQ:MBUU) issued its quarterly earnings data on Tuesday, August, 29th. The company reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.26 by $0.72. The firm earned $372.30 million during the quarter, compared to the consensus estimate of $327.79 million. Malibu Boats had a net margin of 7.53% and a trailing twelve-month return on equity of 32.27%. The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $2.35 EPS.

Euclidean Fundamental Value ETF holds 40,022 shares of MBUU stock, representing 1.43% of its portfolio.

8 employees have rated Malibu Boats Chief Executive Officer Jack Springer on Glassdoor.com. Jack Springer has an approval rating of 67% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Malibu Boats investors own include Advanced Micro Devices (AMD), AbbVie (ABBV), Intel (INTC), NVIDIA (NVDA), MasterCraft Boat (MCFT), United Parcel Service (UPS), Applied Materials (AMAT), Activision Blizzard (ATVI), Alphabet (GOOG) and Micron Technology (MU).

Malibu Boats trades on the NASDAQ under the ticker symbol "MBUU."

Malibu Boats' stock is owned by a variety of retail and institutional investors. Top institutional investors include Capital World Investors (8.00%), BlackRock Inc. (7.07%), Dimensional Fund Advisors LP (4.14%), Cooke & Bieler LP (2.80%), Southernsun Asset Management LLC (2.22%) and Geode Capital Management LLC (2.21%). Insiders that own company stock include Jackie D Jr Springer, Jackie D Jr Springer, Peter E Murphy, Ritchie L Anderson, Ritchie L Anderson and Wayne R Wilson.
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Shares of MBUU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MBUU stock can currently be purchased for approximately $47.35.

Malibu Boats (NASDAQ:MBUU) has a market capitalization of $972.57 million and generates $1.39 billion in revenue each year. The company earns $104.51 million in net income (profit) each year or $5.06 on an earnings per share basis.

The company employs 3,095 workers across the globe.

Malibu Boats' mailing address is 5075 KIMBERLY WAY, LOUDON TN, 37774. The official website for the company is www.malibuboats.com. The company can be reached via phone at (865) 458-5478, via email at investorrelations@malibuboats.com, or via fax at 865-458-9052.