News headlines about Malibu Boats (NASDAQ:MBUU) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. 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 daily sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.7310891268455 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s rankings:
- Malibu Boats (MBUU) Raised to Strong-Buy at BidaskClub (americanbankingnews.com)
- Analysts Anticipate Malibu Boats Inc (MBUU) Will Post Quarterly Sales of $125.90 Million (americanbankingnews.com)
- Malibu Boats Inc (MBUU) Expected to Post Earnings of $0.71 Per Share (americanbankingnews.com)
- Malibu Boats (MBUU) Hits Fresh Highs: Is There Still Room to Run? (finance.yahoo.com)
- Ranger Investment Management L.P. Has $2.66 Million Holdings in Malibu Boats Inc (MBUU) (americanbankingnews.com)
Several equities analysts have commented on MBUU shares. BidaskClub upgraded shares of Malibu Boats from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 8th. Zacks Investment Research upgraded shares of Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $39.00 price target for the company in a research note on Thursday, February 15th. BMO Capital Markets raised their price target on shares of Malibu Boats from $34.00 to $40.00 and gave the stock a “top pick” rating in a research note on Tuesday, February 13th. B. Riley raised their price target on shares of Malibu Boats from $29.50 to $32.25 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Finally, SunTrust Banks restated a “buy” rating and set a $37.00 price target on shares of Malibu Boats in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. Malibu Boats has a consensus rating of “Buy” and a consensus target price of $35.28.
Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings results on Friday, February 9th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. Malibu Boats had a net margin of 4.64% and a return on equity of 44.97%. The company had revenue of $114.37 million during the quarter, compared to analyst estimates of $108.84 million. During the same quarter last year, the business posted $0.38 EPS. Malibu Boats’s quarterly revenue was up 69.0% compared to the same quarter last year. equities research analysts anticipate that Malibu Boats will post 2.19 earnings per share for the current fiscal year.
In related news, VP Dan L. Gasper sold 15,000 shares of Malibu Boats stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $34.15, for a total value of $512,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is currently owned by insiders.
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About Malibu Boats
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.
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