Malibu Boats, Inc. (NASDAQ:MBUU) is reporting fourth quarter financial results on Thursday 27th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, MBUU is expected to report 4Q20 income of $ 0.12 per share from revenue of $ 101.32 million.
For the full year, analysts anticipate top line of $ 635.79 million, while looking forward to income of $ 3.01 per share bottom line.
Previous Quarter Performance
Malibu Boats, Inc. disclosed income for the third quarter of $ 1.13 per share, from the revenue of $ 182.31 million. The quarterly earnings reduced 1.74 percent compared with the same quarter last year. Wall street analysts are predicting, MBUU to report 3Q20 income of $ 0.98 per share from revenue of $ 185.03 million. The bottom line results beat street analysts by $ 0.15 or 15.31 percent, at the same time, top line results fell short of analysts by $ 2.72 million or 1.47 percent.
Stock Performance
Shares of Malibu Boats, Inc. traded up $ 1.50 or 2.78 percent on Wednesday, reaching $ 55.50 with volume of 218.00 thousand shares. Malibu Boats, Inc. has traded high as $ 55.70 and has cracked $ 54.06 on the downward trend
The closing price of $ 55.50, representing a 199.67 % increase from the 52 week low of $ 18.02 and a 15.47 % decrease over the 52 week high of $ 63.88.
The company has a market capital of $ 1.14 billion and is part of the Consumer Cyclical sector and Recreational Vehicles industry.
Recent Analyst recommendations
- On 15th July 2020, initiated by Robert W. Baird at Neutral rating, with $ 55.00 target price.
- On 6th July 2020, maintained by KeyBanc at Overweight rating, with $ 58.00 target price.
Conference Call
Malibu Boats, Inc. will be hosting a conference call at 5:00 PM eastern time on 27th August 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, (855) 433-0928 (United States), when prompted, enter passcode 8361219 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/por8hxtq
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.
