Equities research analysts expect Malibu Boats Inc (NASDAQ:MBUU) to report $0.71 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Malibu Boats’ earnings, with estimates ranging from $0.70 to $0.72. Malibu Boats posted earnings of $0.49 per share in the same quarter last year, which would suggest a positive year over year growth rate of 44.9%. The firm is expected to announce its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Malibu Boats will report full year earnings of $2.25 per share for the current fiscal year, with EPS estimates ranging from $2.20 to $2.30. For the next financial year, analysts anticipate that the firm will report earnings of $2.62 per share, with EPS estimates ranging from $2.52 to $2.70. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Malibu Boats.
Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Friday, February 9th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.04. Malibu Boats had a net margin of 4.64% and a return on equity of 44.97%. The firm had revenue of $114.37 million for the quarter, compared to the consensus estimate of $108.84 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The firm’s revenue was up 69.0% on a year-over-year basis.
A number of research analysts recently commented on the stock. SunTrust Banks reaffirmed a “buy” rating and set a $37.00 price objective on shares of Malibu Boats in a research report on Friday, February 9th. KeyCorp reaffirmed an “overweight” rating and set a $38.00 price objective (up from $33.00) on shares of Malibu Boats in a research report on Friday, February 9th. BMO Capital Markets boosted their target price on shares of Malibu Boats from $34.00 to $40.00 and gave the stock a “top pick” rating in a research report on Tuesday, February 13th. ValuEngine raised shares of Malibu Boats from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, B. Riley boosted their target price on shares of Malibu Boats from $29.50 to $32.25 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $35.28.
Shares of Malibu Boats (NASDAQ MBUU) traded down $0.14 on Monday, reaching $33.76. 201,700 shares of the company were exchanged, compared to its average volume of 215,939. Malibu Boats has a 52-week low of $20.21 and a 52-week high of $35.90. The stock has a market capitalization of $695.28, a P/E ratio of 18.73, a PEG ratio of 1.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.70 and a quick ratio of 0.92.
In other Malibu Boats news, VP Deborah S. Kent sold 1,497 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $31.16, for a total value of $46,646.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dan L. Gasper sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $34.15, for a total transaction of $512,250.00. The disclosure for this sale can be found here. Insiders sold 106,497 shares of company stock valued at $3,366,147 over the last three months. Insiders own 3.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its holdings in shares of Malibu Boats by 126.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,445 shares of the company’s stock worth $133,000 after buying an additional 2,485 shares during the period. Two Sigma Securities LLC bought a new stake in shares of Malibu Boats during the 4th quarter worth $236,000. MetLife Investment Advisors LLC bought a new stake in shares of Malibu Boats during the 4th quarter worth $261,000. Alliancebernstein L.P. bought a new stake in shares of Malibu Boats during the 2nd quarter worth $269,000. Finally, Voya Investment Management LLC boosted its holdings in shares of Malibu Boats by 14.9% during the 2nd quarter. Voya Investment Management LLC now owns 10,529 shares of the company’s stock worth $272,000 after buying an additional 1,366 shares during the period. 97.19% of the stock is owned by institutional investors.
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Malibu Boats Company Profile
Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.
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