Malibu Boats (MBUU) Earns Daily Coverage Optimism Score of 0.17
Media coverage about Malibu Boats (NASDAQ:MBUU) has trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Malibu Boats earned a news impact score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.0693133996037 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Malibu Boats & Employees Deliver $18,000+ in Holiday Toys (msn.com)
- Malibu Boats (MBUU): Strong Industry, Solid Earnings Estimate Revisions (finance.yahoo.com)
- Malibu Boats, Inc. breached its 50 day moving average in a Bearish Manner : MBUU-US : December 5, 2017 (finance.yahoo.com)
- Malibu Boats, Inc. (MBUU) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Insider Selling: Malibu Boats, Inc. (MBUU) VP Sells 1,497 Shares of Stock (americanbankingnews.com)
Several research analysts recently issued reports on the stock. ValuEngine cut shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. BMO Capital Markets reissued a “buy” rating and set a $32.00 price target on shares of Malibu Boats in a report on Friday, October 13th. SunTrust Banks reissued a “buy” rating and set a $34.00 price target on shares of Malibu Boats in a report on Friday, November 10th. B. Riley reissued a “neutral” rating and set a $29.50 price target (up from $25.50) on shares of Malibu Boats in a report on Monday, November 6th. Finally, Zacks Investment Research raised shares of Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a report on Saturday, August 12th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $32.31.
Malibu Boats (NASDAQ:MBUU) last issued its earnings results on Thursday, September 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. Malibu Boats had a net margin of 9.42% and a return on equity of 54.78%. The company had revenue of $75.11 million during the quarter, compared to analysts’ expectations of $73.35 million. During the same period last year, the company posted $0.38 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. equities research analysts predict that Malibu Boats will post 1.91 earnings per share for the current year.
In other Malibu Boats news, CFO Wayne R. Wilson sold 35,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $31.20, for a total value of $1,092,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jackie D. Jr. Springer sold 40,000 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $27.76, for a total transaction of $1,110,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 91,497 shares of company stock valued at $2,716,297. 3.50% of the stock is currently owned by corporate 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.
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