Malibu Boats - MBUU Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Malibu Boats in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MBUU shares.
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6 brokers have issued 12 month price targets for Malibu Boats' shares. Their MBUU share price forecasts range from $62.00 to $90.00. On average, they expect the company's share price to reach $79.00 in the next year. This suggests a possible upside of 16.1% from the stock's current price.
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Malibu Boats' stock was trading at $68.73 at the start of the year. Since then, MBUU shares have decreased by 1.0% and is now trading at $68.05.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
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Malibu Boats, Inc. (NASDAQ:MBUU) announced its quarterly earnings data on Thursday, November, 4th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.11. The company earned $253.50 million during the quarter, compared to analyst estimates of $246.16 million. Malibu Boats had a net margin of 12.60% and a trailing twelve-month return on equity of 36.30%. The business's revenue was up 40.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share.

Malibu Boats updated its FY 2022 earnings guidance on Tuesday, June, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.19 billion-$1.20 billion, compared to the consensus revenue estimate of $1.14 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 a number of institutional and retail investors. Top institutional investors include Cooke & Bieler LP (3.06%), Lazard Asset Management LLC (3.06%), Loomis Sayles & Co. L P (2.88%), Fort Washington Investment Advisors Inc. OH (1.98%), CI Investments Inc. (1.86%) and Renaissance Technologies LLC (1.59%). Insiders that own company stock include Jackie D Jr Springer, Jackie D Jr Springer, Mark W Lanigan, 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 $68.05.

Malibu Boats (NASDAQ:MBUU) has a market capitalization of $1.40 billion and generates $926.52 million in revenue each year. The company earns $109.84 million in net income (profit) each year or $6.80 on an earnings per share basis.

The company employs 2,645 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.