Malibu Boats Inc (MBUU) CFO Wayne R. Wilson Sells 14,088 Shares
Malibu Boats Inc (NASDAQ:MBUU) CFO Wayne R. Wilson sold 14,088 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $52.34, for a total value of $737,365.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of MBUU traded down $0.08 during mid-day trading on Wednesday, hitting $52.38. 187,700 shares of the company’s stock were exchanged, compared to its average volume of 189,945. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.37 and a current ratio of 2.05. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 1.27 and a beta of 1.12. Malibu Boats Inc has a fifty-two week low of $26.83 and a fifty-two week high of $59.57.
Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings results on Thursday, September 6th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.17. Malibu Boats had a net margin of 5.56% and a return on equity of 43.60%. The company had revenue of $138.66 million during the quarter, compared to the consensus estimate of $122.65 million. During the same period last year, the firm earned $0.43 EPS. The company’s revenue for the quarter was up 84.6% on a year-over-year basis. equities research analysts forecast that Malibu Boats Inc will post 2.75 EPS for the current year.
A number of equities research analysts have recently issued reports on the company. BidaskClub upgraded Malibu Boats from a “hold” rating to a “buy” rating in a research report on Saturday, August 25th. ValuEngine cut Malibu Boats from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Wells Fargo & Co upgraded Malibu Boats from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $44.00 to $51.00 in a research note on Thursday, August 23rd. Zacks Investment Research cut Malibu Boats from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, BMO Capital Markets increased their price objective on Malibu Boats from $48.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, September 7th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $51.06.
About Malibu Boats
Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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