Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Malibu Boats (MBUU) Stock Price
Media headlines about Malibu Boats (NASDAQ:MBUU) have been trending somewhat positive on Friday, according to Accern Sentiment. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Malibu Boats earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.7740474842002 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Noteworthy Tuesday Option Activity: MBUU, TWTR, GBT (stockoptionschannel.com)
- Bull Of The Day: Malibu Boats (MBUU) (finance.yahoo.com)
- Earnings Review and Free Research Report: Malibu Boats’ Adjusted Diluted EPS Increased 13.1% (finance.yahoo.com)
- Malibu Boats, Inc. (MBUU) Coverage Initiated at Aegis (americanbankingnews.com)
Shares of Malibu Boats (NASDAQ:MBUU) traded up 1.82% during midday trading on Friday, hitting $32.50. 79,288 shares of the stock were exchanged. The stock’s 50 day moving average is $28.31 and its 200 day moving average is $25.53. Malibu Boats has a 12-month low of $14.12 and a 12-month high of $33.35. The firm has a market cap of $659.33 million, a P/E ratio of 20.57 and a beta of 1.04.
Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings results on Thursday, September 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the 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 10.06% and a return on equity of 78.71%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the business posted $0.38 EPS. On average, equities research analysts forecast that Malibu Boats will post $1.88 earnings per share for the current fiscal year.
MBUU has been the subject of a number of analyst reports. SunTrust Banks, Inc. reissued a “buy” rating and issued a $32.00 price objective (up from $30.00) on shares of Malibu Boats in a research report on Friday, September 8th. BidaskClub cut shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Aegis initiated coverage on shares of Malibu Boats in a research report on Monday. They issued a “buy” rating and a $37.00 price objective for the company. ValuEngine cut shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Zacks Investment Research cut shares of Malibu Boats from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $30.07.
In related news, Director Peter E. Murphy purchased 3,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $25.50 per share, for a total transaction of $76,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.50% of the company’s stock.
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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