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 brokers have issued 12 month price objectives for Malibu Boats' shares. Their MBUU share price forecasts range from $64.00 to $80.00. On average, they expect the company's share price to reach $70.43 in the next twelve months. This suggests a possible upside of 16.3% from the stock's current price.
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Malibu Boats' stock was trading at $53.30 at the beginning of 2023. Since then, MBUU stock has increased by 13.7% and is now trading at $60.58.
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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) issued its quarterly earnings data on Thursday, November, 4th. The company reported $1.37 earnings per share (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 analysts' expectations of $246.16 million. Malibu Boats had a net margin of 12.40% and a trailing twelve-month return on equity of 31.40%. Malibu Boats's revenue for the quarter was up 40.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share.

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), IQ Chaikin U.S. Small Cap ETF (CSML) and Janus Henderson Small Cap Growth Alpha ETF (JSML).

Malibu Boats issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided 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 a variety of retail and institutional investors. Top institutional shareholders 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 $60.58.

Malibu Boats (NASDAQ:MBUU) has a market capitalization of $1.24 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.