Malibu Boats beats analyst estimates in first quarter

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Malibu Boats ($NASDAQ:MBUU), Inc. today announced financial results for its first quarter ended March 31, 2021. “We are off to a strong start in 2021 with first quarter results that exceeded our expectations,” said Jack Springer, Malibu’s President and Chief Executive Officer. “Our team did an excellent job managing through the semiconductor shortage and other challenges to produce strong top-line growth and margin expansion.”

Earnings

In its latest earning report for the fiscal year 2022 fourth quarter ending June 30, Malibu Boats beat analyst estimates, earning 1214.9 million USD in total revenue and 157.6 million USD in net income. This represents a 31.1% increase in total revenue and a 43.5% increase in net income compared to the previous year. Malibu Boats’ total revenue has reached from 653.2 million USD to 1214.9 million USD in the last three years, an impressive feat for the company.

Malibu’s net income has also increased significantly during this time period, thanks to strong demand for its products and efficient operations. Looking forward, Malibu Boats is well-positioned to continue its growth trajectory and deliver strong financial results for shareholders.

Stock Price

Malibu Boats Inc. stock opened at $51.1 on Friday and closed at $54.0, up 3.3% from its previous closing price of $52.2. This was after the company announced that it had beaten analyst estimates for its first quarter results. This strong performance in the first quarter has led to analysts raising their estimates for the full year.

MALIBU BOATS stock has been on a tear in recent years, and this latest quarterly report shows that the company is still firing on all cylinders. With analysts expecting strong growth for the full year, there could be more upside ahead for shareholders.

VI Analysis

A company’s fundamentals reflect its long term potential. The VI app makes it easy to see the key fundamental indicators for a company. The VI Star Chart shows that MALIBU BOATS is classified as a ‘gorilla’, a type of company that achieved stable and high revenue or earnings growth due to its strong competitive advantage. This makes it an attractive investment for growth-oriented investors.

MALIBU BOATS is strong in growth and profitability, and medium in asset quality. It is weak in dividend yield, but has a high health score of 10/10 with regard to its cash flows and debt. This indicates that the company is capable of paying off its debts and funding future operations.

VI Peers

With the ever-growing popularity of boating, Malibu Boats Inc has seen a lot of competition in recent years from companies such as Marine Products Corp, Samsonite International SA, and Ford Motor Co. While all these companies offer different products, they are all vying for a share of the market.

– Marine Products Corp ($NYSE:MPX)

As of 2022, Marine Products Corporation had a market cap of 290.34 million and a return on equity of 24.62%. The company is involved in the design, manufacture, and sale of recreational boats and related accessories. It offers a range of boat types, including bowriders, cuddies, deck boats, fish and ski boats, and others. Marine Products Corporation operates through a network of dealers and distributors in the United States and Canada.

– Samsonite International SA ($SEHK:01910)

Samsonite International SA is a world leader in the design and manufacture of luggage, travel bags and accessories. Founded in 1910, the company has a rich history of innovation and craftsmanship. Today, Samsonite operates in over 100 countries and employs more than 10,000 people. The company’s products are sold in over 10,000 retail stores worldwide. Samsonite’s market cap is 25.59B as of 2022 and its ROE is 10.69%. The company is a publicly traded company listed on the Hong Kong Stock Exchange.

– Ford Motor Co ($NYSE:F)

The company’s market cap is 50.17B as of 2022. The company’s ROE is 23.7%. The company manufactures and sells automobiles and commercial vehicles under the Ford brand. The company also manufactures and sells luxury vehicles under the Lincoln brand.

Summary

If you’re looking for a good boats stock to invest in, Malibu Boats is a great option. The company just reported strong first quarter earnings, easily beating analyst estimates. And its stock price has responded accordingly, moving up sharply the same day. There are a few things to like about Malibu Boats as an investment.

First, it’s a well-established company with a long history of success. Second, it has a strong brand and enjoys good customer loyalty. Finally, it’s a leader in its industry, with a strong competitive position. All of these factors make Malibu Boats a attractive option for investors looking for a good boats stock to buy.