Malibu Boats (MBUU) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Malibu Boats in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MBUU shares.
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7 Wall Street analysts have issued 12-month target prices for Malibu Boats' shares. Their MBUU share price forecasts range from $64.00 to $80.00. On average, they anticipate the company's stock price to reach $70.43 in the next year. This suggests a possible upside of 17.5% 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 increased by 12.4% and is now trading at $59.93.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
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Malibu Boats, Inc. (NASDAQ:MBUU) posted its quarterly earnings results on Thursday, November, 4th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.26 by $0.11. The company earned $253.50 million during the quarter, compared to the consensus estimate of $246.16 million. Malibu Boats had a trailing twelve-month return on equity of 31.40% and a net margin of 12.40%. The company's revenue for the quarter was up 40.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.09 EPS.

ETFs with the largest weight of Malibu Boats (NASDAQ:MBUU) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP), First Trust Small Cap Value AlphaDEX Fund (FYT), Distillate Small/Mid Cash Flow ETF (DSMC), First Trust Small Cap Core AlphaDEX Fund (FYX), Barrons 400 ETF (BFOR), Avantis U.S. Small Cap Value ETF (AVUV), Janus Henderson Small Cap Growth Alpha ETF (JSML) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD).

Malibu Boats issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.34B-, compared to the consensus revenue estimate of $1.31 billion.

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (7.28%), Macquarie Group Ltd. (7.17%), American Century Companies Inc. (7.06%), FIL Ltd (3.95%), Dimensional Fund Advisors LP (3.90%) and Cooke & Bieler LP (2.80%). 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 $59.93.

Malibu Boats (NASDAQ:MBUU) has a market capitalization of $1.23 billion and generates $1.21 billion in revenue each year. The company earns $157.63 million in net income (profit) each year or $8.23 on an earnings per share basis.

The company employs 3,015 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.