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Malibu Boats

Malibu Boats is a leading designer and manufacturer of power boats in the United States. It is the market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats, a leading producer of sterndrive boats in the us in the 24- to 29-foot segment, in 2017 and Pursuit Boats, which makes high-end offshore and outboard motorboats, in 2018. In 2021, it purchased Maverick Boat Group, a leading seller of flat fishing boats, including bay, dual-console, and center-console boats. Malibu has also expanded into boat trailers and accessories and in 2020 began producing its own engines (Monsoon) for its performance sport boats and now for Cobalt. Malibu's target market includes a wide range of water enthusiasts who embrace the active outdoor lifestyle.

Malibu Boats Inc

News

MBUU

Malibu Boats President Ritchie Anderson To Retire In February 2025, CEO Steve Menneto To Take Over As President

<p>Throughout the last three months, 6 analysts have evaluated Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>), offering a diverse set of opinions from bullish to bearish.</p>
<p>The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $46.0, a high estimate of $50.00, and a low estimate of $42.00. Surpassing the previous average price target of $40.67, the current average has increased by 13.11%.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1730494841_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>The analysis of recent analyst actions sheds light on the perception of Malibu Boats by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Albanese</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$44.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$42.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>Noah Zatzkin</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$50.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Craig Kennison</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$50.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Brandon Rolle</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$45.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Brandon Rolle</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$45.00</td>
<td>$45.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Malibu Boats. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Malibu Boats compared to the broader market.</li>
<li><strong>Price Targets:</strong> Understanding forecasts, analysts offer estimates for Malibu Boats's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
<p>For valuable insights into Malibu Boats's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/MBUU/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Malibu Boats analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>Discovering Malibu Boats: A Closer Look</h2>
<p>Malibu Boats is a leading designer and manufacturer of power boats in the United States. It is the market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats, a leading producer of sterndrive boats in the us in the 24- to 29-foot segment, in 2017 and Pursuit Boats, which makes high-end offshore and outboard motorboats, in 2018. In 2021, it purchased Maverick Boat Group, a leading seller of flat fishing boats, including bay, dual-console, and center-console boats. Malibu has also expanded into boat trailers and accessories and in 2020 began producing its own engines (Monsoon) for its performance sport boats and now for Cobalt. Malibu's target market includes a wide range of water enthusiasts who embrace the active outdoor lifestyle.</p>
<h3>Malibu Boats: Delving into Financials</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.</p>
<p><strong>Negative Revenue Trend:</strong> Examining Malibu Boats's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately <strong>-57.37%</strong> in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.</p>
<p><strong>Net Margin:</strong> Malibu Boats's net margin is impressive, surpassing industry averages. With a net margin of <strong>-12.11%,</strong> the company demonstrates strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Malibu Boats's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of <strong>-3.54%,</strong> the company may encounter challenges in delivering satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Malibu Boats's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of <strong>-2.5%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Debt Management:</strong> Malibu Boats's debt-to-equity ratio is below the industry average. With a ratio of <b>0.0</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>The Significance of Analyst Ratings Explained</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
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<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings

Navigating 6 Analyst Ratings For Malibu Boats

<p>Benchmark  analyst Michael Albanese   reiterates Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) with a Buy and maintains $44 price target.</p>


Price Target

Reiteration

Benchmark Reiterates Buy on Malibu Boats, Maintains $44 Price Target

<p>Truist Securities  analyst Michael Swartz   maintains Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) with a Hold and raises the price target from $32 to $42.</p>


Truist Securities Maintains Hold on Malibu Boats, Raises Price Target to $42

<p>Keybanc  analyst Noah Zatzkin   maintains Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) with a Overweight and raises the price target from $38 to $50.</p>


Keybanc Maintains Overweight on Malibu Boats, Raises Price Target to $50

<p>Baird  analyst Craig Kennison   maintains Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) with a Outperform and raises the price target from $40 to $50.</p>


Baird Maintains Outperform on Malibu Boats, Raises Price Target to $50

<p>DA Davidson  analyst Brandon Rolle   downgrades Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) from Buy to Neutral and maintains the price target from $45 to $45.</p>


Downgrades

DA Davidson Downgrades Malibu Boats to Neutral, Maintains Price Target to $45

Guidance

Malibu Anticipates FY25 Net Sales Increase Percentage In Low Single Digits YoY; Adjusted EBITDA Margin To Range From 10%-12%

<p>Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) reported quarterly earnings of $0.08 per share which beat the analyst consensus estimate of $(0.08) by 200 percent.  The company reported quarterly sales of $171.580 million which beat the analyst consensus estimate of $165.083 million by 3.94 percent.  This is a 32.93 percent decrease over sales of $255.830 million the same period last year.</p>


Earnings

Earnings Beats

Malibu Boats Q1 2025 Adj. EPS $0.08 Beats $(0.08) Estimate, Sales $171.580M Beat $165.083M Estimate

<p>Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) will release its quarterly earnings report on Thursday, 2024-10-31. Here's a brief overview for investors ahead of the announcement.</p>
<p>Analysts anticipate Malibu Boats to report an <strong>earnings per share</strong> (EPS) of $-0.05.</p>
<p>Malibu Boats bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Performance in Previous Earnings</h3>
<p>The company's EPS missed by $0.07 in the last quarter, leading to a 4.66% increase in the share price on the following day.</p>
<p>Here's a look at Malibu Boats's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q4 2024</strong></th>
<th><strong>Q3 2024</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>-0.32</td>
<td>0.47</td>
<td>0.47</td>
<td>0.88</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-0.39</td>
<td>0.63</td>
<td>0.57</td>
<td>1.13</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>5.0%</td>
<td>3.0%</td>
<td>0.0%</td>
<td>3.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1730314896_0_0.png" alt="eps graph" /></p>
<h3>Analyst Opinions on Malibu Boats</h3>
<p>For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Malibu Boats.</p>
<p>Analysts have given Malibu Boats a total of 1 ratings, with the consensus rating being Buy. The average one-year price target is $45.0, indicating a potential 6.23% upside.</p>
<h3>Peer Ratings Overview</h3>
<p>In this comparison, we explore the analyst ratings and average 1-year price targets of Latham Group, Funko and Marine Prods, three prominent industry players, offering insights into their relative performance expectations and market positioning.</p>
<ul>
<li>For Latham Group, analysts project an Buy trajectory, with an average 1-year price target of $6.33, indicating a potential 85.06% downside.</li>
<li>The prevailing sentiment among analysts is an Buy trajectory for Funko, with an average 1-year price target of $12.38, implying a potential 70.77% downside.</li>
<li>Marine Prods received a Neutral consensus from analysts, with an average 1-year price target of $8.0, implying a potential 81.11% downside.</li>
</ul>
<h3>Snapshot: Peer Analysis</h3>
<p>The peer analysis summary offers a detailed examination of key metrics for Latham Group, Funko and Marine Prods, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.</p>
<p>
<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Malibu Boats</td>
<td>Buy</td>
<td>-57.37%</td>
<td>$12.49M</td>
<td>-3.54%</td>
</tr>
<tr>
<td>Latham Group</td>
<td>Buy</td>
<td>-9.60%</td>
<td>$53.02M</td>
<td>3.32%</td>
</tr>
<tr>
<td>Funko</td>
<td>Buy</td>
<td>3.18%</td>
<td>$104.05M</td>
<td>2.35%</td>
</tr>
<tr>
<td>Marine Prods</td>
<td>Neutral</td>
<td>-35.91%</td>
<td>$9.18M</td>
<td>2.64%</td>
</tr>
</tbody>
</table>
</p>
<p>Key Takeaway:</p>
<p>Malibu Boats ranks at the bottom for Revenue Growth among its peers. It also ranks at the bottom for Gross Profit. However, it ranks in the middle for Return on Equity.</p>
<h3>About Malibu Boats</h3>
<p>Malibu Boats is a leading designer and manufacturer of power boats in the United States. It is the market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats, a leading producer of sterndrive boats in the us in the 24- to 29-foot segment, in 2017 and Pursuit Boats, which makes high-end offshore and outboard motorboats, in 2018. In 2021, it purchased Maverick Boat Group, a leading seller of flat fishing boats, including bay, dual-console, and center-console boats. Malibu has also expanded into boat trailers and accessories and in 2020 began producing its own engines (Monsoon) for its performance sport boats and now for Cobalt. Malibu's target market includes a wide range of water enthusiasts who embrace the active outdoor lifestyle.</p>
<h3>Key Indicators: Malibu Boats's Financial Health</h3>
<p><strong>Market Capitalization Perspectives:</strong> The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, Malibu Boats faced challenges, resulting in a decline of approximately <strong>-57.37%</strong> in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.</p>
<p><strong>Net Margin:</strong> Malibu Boats's net margin excels beyond industry benchmarks, reaching <strong>-12.11%</strong>. This signifies efficient cost management and strong financial health.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of <strong>-3.54%,</strong> the company may need to address challenges in generating satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>-2.5%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> Malibu Boats's debt-to-equity ratio is below the industry average at <strong>0.0</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<p><a href="https://www.benzinga.com/quote/MBUU/earnings"><strong>To track all earnings releases for Malibu Boats visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Malibu Boats Earnings Preview

<p>&nbsp;Pursuant to the Settlement Agreement, upon the satisfaction of certain conditions, the Company agreed to pay the Debtors&rsquo; estate $3.5 million in cash and the Company and the Trustee agreed to mutual releases of all outstanding claims between them.</p>
<p>In addition, and as a condition of the settlement, the Trustee agreed to seek an order of the Bankruptcy Court, to enjoin Matthew Borisch, the principal owner of the Debtors, from continuing to pursue the claims against the Company and its affiliates. The Settlement Agreement remains subject to approval by the Bankruptcy Court.</p>


Legal

Malibu Boats Enters Settlement Agreement With Mark E. Andrews, Chapter 11 Trustee For Tommy's Fort Worth, LLC And Its Affiliate Debtors - Filing

<p>Analysts' ratings for Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.</p>
<p>The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $39.25, a high estimate of $45.00, and a low estimate of $32.00. This current average has decreased by 6.55% from the previous average price target of $42.00. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725980482_0.png" alt="price target chart" /></p>
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
<p>The standing of Malibu Boats among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brandon Rolle</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$45.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Brandon Rolle</td>
<td>DA Davidson</td>
<td>Announces</td>
<td>Buy</td>
<td>$45.00</td>
<td>-</td>
</tr>
<tr>
<td>Eric Wold</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$35.00</td>
<td>$39.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Announces</td>
<td>Hold</td>
<td>$32.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Malibu Boats. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Malibu Boats compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts gauge the dynamics of price targets, providing estimates for the future value of Malibu Boats's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Capture valuable insights into Malibu Boats's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/MBUU/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Malibu Boats analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>Unveiling the Story Behind Malibu Boats</h2>
<p>Malibu Boats is a leading designer and manufacturer of power boats in the United States. It is the market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats, a leading producer of sterndrive boats in the US in the 24- to 29-foot segment, in 2017 and Pursuit Boats, which makes high-end offshore and outboard motorboats, in 2018. In 2021, it purchased Maverick Boat Group, a leading seller of flat fishing boats, including bay, dual-console, and center-console boats. Malibu has also expanded into boat trailers and accessories and in 2020 began producing its own engines (Monsoon) for its performance sport boats and now for Cobalt. Malibu's target market includes a wide range of water enthusiasts who embrace the active outdoor lifestyle.</p>
<h3>Malibu Boats's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization Perspectives:</strong> The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.</p>
<p><strong>Negative Revenue Trend:</strong> Examining Malibu Boats's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately <strong>-57.37%</strong> in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.</p>
<p><strong>Net Margin:</strong> Malibu Boats's net margin excels beyond industry benchmarks, reaching <strong>-12.11%</strong>. This signifies efficient cost management and strong financial health.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of <strong>-3.54%,</strong> the company showcases effective utilization of equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>-2.5%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at <strong>0.0</strong>.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Expectations For Malibu Boats's Future

<p>DA Davidson  analyst Brandon Rolle   maintains Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) with a Buy and maintains $45 price target.</p>


DA Davidson Maintains Buy on Malibu Boats, Maintains $45 Price Target

General

Malibu Boats shares are trading lower after the company reported mixed Q4 financial results.

Malibu Anticipates FY25 Net Sales Increase Percentage In Low Single Digits YoY And Adjusted EBITDA Margin Ranging From 10%-12%

<p>Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) reported quarterly losses of $(0.39) per share which missed the analyst consensus estimate of $(0.32) by 21.88 percent. This is a 113.09 percent decrease over earnings of $2.98 per share from the same period last year.  The company reported quarterly sales of $158.71 million which beat the analyst consensus estimate of $157.54 million by 0.74 percent.  This is a 57.37 percent decrease over sales of $372.30 million the same period last year.</p>


Earnings Misses

Malibu Boats Q4 Adj $(0.39) Misses $(0.32) Estimate, Sales $158.71M Beat $157.54M Estimate

<p>Providing a diverse range of perspectives from bullish to bearish, 7 analysts have published ratings on Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) in the last three months.</p>
<p>The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have recently evaluated Malibu Boats and provided 12-month price targets. The average target is $39.43, accompanied by a high estimate of $45.00 and a low estimate of $32.00. Highlighting a 17.42% decrease, the current average has fallen from the previous average price target of $47.75. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721829651_0.png" alt="price target chart" /></p>
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
<p>A comprehensive examination of how financial experts perceive Malibu Boats is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brandon Rolle</td>
<td>DA Davidson</td>
<td>Announces</td>
<td>Buy</td>
<td>$45.00</td>
<td>-</td>
</tr>
<tr>
<td>Eric Wold</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$35.00</td>
<td>$39.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Announces</td>
<td>Hold</td>
<td>$32.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Albanese</td>
<td>Benchmark</td>
<td>Announces</td>
<td>Buy</td>
<td>$44.00</td>
<td>-</td>
</tr>
<tr>
<td>Noah Zatzkin</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$38.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$42.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Craig Kennison</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$40.00</td>
<td>$50.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Malibu Boats. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Malibu Boats compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts gauge the dynamics of price targets, providing estimates for the future value of Malibu Boats's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>To gain a panoramic view of Malibu Boats's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/MBUU/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Malibu Boats analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>Discovering Malibu Boats: A Closer Look</h2>
<p>Malibu Boats is a leading designer and manufacturer of power boats in the United States. It is the market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats in 2017, a leading producer of sterndrive boats in the us in the 24-foot to 29-foot segment, and Pursuit Boats, which makes high-end offshore and outboard motorboats in 2018. In 2021, it purchased Maverick Boat Group, a leading seller of flat fishing boats, with exposure to bay, dual-console, and center-console boats. Malibu has also expanded into boat trailers and accessories, and in 2020 began producing its own engines (Monsoon) for its performance sport boats and now for Cobalt. Malibu's target market includes a wide range of water enthusiasts who embrace the active outdoor lifestyle.</p>
<h3>Key Indicators: Malibu Boats's Financial Health</h3>
<p><strong>Market Capitalization Analysis:</strong> The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, Malibu Boats faced challenges, resulting in a decline of approximately <strong>-45.77%</strong> in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.</p>
<p><strong>Net Margin:</strong> Malibu Boats's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of <strong>-32.85%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Malibu Boats's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of <strong>-11.35%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Return on Assets (ROA):</strong> Malibu Boats's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of <strong>-7.97%,</strong> the company may encounter challenges in delivering satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at <strong>0.03</strong>.</p>
<h2>What Are Analyst Ratings?</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


What 7 Analyst Ratings Have To Say About Malibu Boats

<p>DA Davidson  analyst Brandon Rolle   upgrades Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) from Neutral to Buy and announces $45 price target.</p>


Upgrades

DA Davidson Upgrades Malibu Boats to Buy, Announces $45 Price Target

<p>Malibu Boats, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) today announced the appointment of Steven D. Menneto as its new Chief Executive Officer (&quot;CEO&quot;), effective August 5, 2024. Mr. Menneto will also join Malibu Boats&#39; Board of Directors (the &quot;Board&quot;), which will increase from nine to ten members. In connection with Mr. Menneto&#39;s appointment, the Office of the CEO, consisting of Ritchie Anderson, the Company&#39;s President, as well as Michael K. Hooks, the Chair of the Board, will end. Mr. Hooks will remain Board Chair and Mr. Anderson will remain President of the Company.<br />
&nbsp;</p>
<p>Mr. Menneto joins Malibu Boats from Polaris, where he was most recently President of the Off-Road Vehicle Division. In that role he nearly doubled the division&#39;s revenue to&nbsp;$7 billion&nbsp;over the course of four years while overseeing a large global manufacturing footprint. Mr. Menneto previously ran Polaris&#39; Motorcycle Division, during which time he drove significant growth including building the Indian Motorcycle business from&nbsp;$3 million&nbsp;to approximately&nbsp;$500 million&nbsp;in revenue. Early in his career, Mr. Menneto owned his own Polaris dealership.</p>


Management

Malibu Boats Taps Steven D. Menneto Of Polaris as CEO, Effective August 5, Succeeding Ritchie Anderson

<p>B. Riley Securities  analyst Eric Wold   maintains Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) with a Neutral and lowers the price target from $39 to $35.</p>


B. Riley Securities Maintains Neutral on Malibu Boats, Lowers Price Target to $35

DA Davidson downgraded Malibu Boats (MBUU) to Neutral from Buy with a $45 price target While the firm says it remains positive on Malibu's long-ter...

Malibu Boats downgraded to Neutral from Buy at DA Davidson

Baird raised the firm's price target on Malibu Boats (MBUU) to $50 from $40 and keeps an Outperform rating on the shares. The firm said they report...

Malibu Boats price target raised to $50 from $40 at Baird

In a report released today, Michael Albanese from Benchmark Co. maintained a Buy rating on Malibu Boats (MBUU – Research Report), with a price targ...

Benchmark Co. Sticks to Its Buy Rating for Malibu Boats (MBUU)

Truist raised the firm's price target on Malibu Boats (MBUU) to $42 from $32 and keeps a Hold rating on the shares after its Q1 earnings beat. The ...

Malibu Boats price target raised to $42 from $32 at Truist

In a report released yesterday, Michael Swartz from Truist Financial maintained a Hold rating on Malibu Boats (MBUU – Research Report), with a pric...

Malibu Boats (MBUU) Gets a Hold from Truist Financial

Malibu Boats: Early Signs Of Stabilization

Marine Products: Uncertainty Persists With Slight Optimism After Q3 Weakness

An announcement from Malibu Boats ( ($MBUU) ) is now available. Malibu Boats, Inc. has announced the retirement of its President, Ritchie Anderson,...

Malibu Boats Announces Leadership Transition in 2025

Malibu Boats (MBUU) announced that Ritchie Anderson, President, will retire effective February 7, 2025. He will continue in his role as President u...

Malibu Boats President Ritchie Anderson to retire

In a report released today, Michael Swartz from Truist Financial assigned a Hold rating to Malibu Boats (MBUU – Research Report). The company's sha...

Truist Financial Releases a Hold Rating on Malibu Boats (MBUU)

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MALIBU BOATS ALERT: Bragar Eagel & Squire, P.C. is Investigating Malibu Boats, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

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