Yesterday it was reported that the CFO of Malibu Boats (NASDAQ: MBUU), Wayne R. Wilson, exercised options to sell 14,088 MBUU shares at $25.85 a share, for a total transaction value of $737.4K.
Following Wayne R. Wilson’s last MBUU Sell transaction on December 01, 2017, the stock climbed by 21.6%.
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Based on Malibu Boats’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $139 million and quarterly net profit of $12.44 million. In comparison, last year the company earned revenue of $75.11 million and had a net profit of $9.66 million. MBUU’s market cap is $1.08B and the company has a P/E ratio of 38.66. Currently, Malibu Boats has an average volume of 187.7K.
Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $56.10, reflecting a 7.1% upside.
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Malibu Boats, Inc. is a holding company, which engages in the design, manufacture, and marketing of recreational powerboats, including performance sport boats, sterndrive, and outboard boats under the Malibu, Axis, and Cobalt brands. It operates through the following segments: Malibu US, Malibu Australia, and Cobalt.
