Malibu Boats (MBUU) Receiving Somewhat Positive News Coverage, Report Shows

Headlines about Malibu Boats (NASDAQ:MBUU) have trended somewhat positive on Saturday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Malibu Boats earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.4799693764677 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Accern’s scoring:

MBUU has been the subject of several recent research reports. KeyCorp reiterated an “overweight” rating and set a $31.00 target price on shares of Malibu Boats in a research note on Wednesday, August 30th. BMO Capital Markets increased their target price on shares of Malibu Boats from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, November 13th. Aegis assumed coverage on shares of Malibu Boats in a research report on Monday, October 2nd. They issued a “buy” rating and a $37.00 price target on the stock. B. Riley reiterated a “neutral” rating and issued a $29.50 price target (up from $25.50) on shares of Malibu Boats in a research report on Monday, November 6th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $36.00 price target (up from $30.00) on shares of Malibu Boats in a research report on Wednesday, November 8th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Malibu Boats has an average rating of “Buy” and an average price target of $32.31.

Shares of Malibu Boats (NASDAQ:MBUU) traded up $0.34 on Friday, hitting $28.73. 354,433 shares of the company’s stock were exchanged, compared to its average volume of 213,168. The firm has a market cap of $585.35, a price-to-earnings ratio of 16.92, a PEG ratio of 0.99 and a beta of 1.02. Malibu Boats has a 52 week low of $17.15 and a 52 week high of $33.35. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.46.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $75.11 million for the quarter, compared to analyst estimates of $73.35 million. Malibu Boats had a net margin of 9.42% and a return on equity of 54.78%. Malibu Boats’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the business earned $0.38 EPS. equities research analysts anticipate that Malibu Boats will post 1.91 EPS for the current year.

In other Malibu Boats news, CEO Jackie D. Jr. Springer sold 40,000 shares of Malibu Boats stock in a transaction on Friday, November 10th. The shares were sold at an average price of $27.76, for a total value of $1,110,400.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.50% of the stock is owned by company insiders.

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Malibu Boats Company Profile

Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.

Insider Buying and Selling by Quarter for Malibu Boats (NASDAQ:MBUU)

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