Malibu Boats, Inc. Class A (MBUU)
Malibu Boats, Inc. Class A (MBUU) is a manufacturer of recreational powerboats, primarily focusing on high-performance and luxury boats designed for watersports and leisure activities. Founded in 1982, the company is known for its innovative designs and engineering, serving a global market with a range of models under brands such as Malibu, Axis Wake Research, and Cobalt. Malibu Boats emphasizes quality, craftsmanship, and customer experience within the premium watersports boat industry.
Company News
Malibu Boats will host an Investor Day in Loudon, Tennessee, featuring presentations by senior leadership about the company's strategic growth plan and value creation objectives.
Malibu Boats reported a strong Q4 with 30.4% revenue growth and positive earnings, driven by improved unit volumes and pricing. However, the company forecasts a cautious outlook for fiscal 2026 with flat to declining net sales.
The article examines the recent analyst ratings and price targets for Malibu Boats, a leading designer and manufacturer of power boats in the United States. The analysis reveals a 20.47% drop in the average price target compared to the previous period, indicating a more bearish sentiment among analysts.
Malibu Boats (MBUU) delivered earnings and revenue surprises of 36.96% and 1.17%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
The yacht maker ran into “weak retail demand” during its typically quiet time for business during the winter months.
