Earnings results for Malibu Boats Stock Forecast, Price & News (NASDAQ:MBUU)
Malibu Boats, Inc. is expected* to report earnings on 08/27/2020 after market close. The report will be for the fiscal Quarter ending Jun 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.07. The reported EPS for the same quarter last year was $1.05.
Analyst Opinion on Malibu Boats Stock Forecast, Price & News (NASDAQ:MBUU)
8 Wall Street analysts have issued ratings and price targets for Malibu Boats in the last 12 months. Their average twelve-month price target is $51.88, predicting that the stock has a possible downside of 6.53%. The high price target for MBUU is $62.00 and the low price target for MBUU is $38.00. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Malibu Boats has received a consensus rating of Buy. The company’s average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $51.88, Malibu Boats has a forecasted downside of 6.5% from its current price of $55.50. Malibu Boats has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: Malibu Boats Stock Forecast, Price & News (NASDAQ:MBUU)
Malibu Boats does not currently pay a dividend. Malibu Boats does not have a long track record of dividend growth.
Insiders buying/selling: Malibu Boats Stock Forecast, Price & News (NASDAQ:MBUU)
In the past three months, Malibu Boats insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $152,010.00 in company stock. Only 3.00% of the stock of Malibu Boats is held by insiders.
Earnings and Valuation of Malibu Boats Stock Forecast, Price & News (NASDAQ:MBUU
Earnings for Malibu Boats are expected to grow by 23.61% in the coming year, from $2.88 to $3.56 per share. The P/E ratio of Malibu Boats is 15.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.25. The P/E ratio of Malibu Boats is 15.50, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 61.76. Malibu Boats has a P/B Ratio of 5.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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