Analysts expect Malibu Boats Inc (NASDAQ:MBUU) to announce sales of $125.90 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Malibu Boats’ earnings. The highest sales estimate is $127.60 million and the lowest is $122.89 million. Malibu Boats reported sales of $77.15 million during the same quarter last year, which indicates a positive year over year growth rate of 63.2%. The business is expected to issue its next quarterly earnings report before the market opens on Wednesday, May 2nd.
On average, analysts expect that Malibu Boats will report full year sales of $463.28 million for the current financial year, with estimates ranging from $459.43 million to $467.11 million. For the next fiscal year, analysts expect that the firm will post sales of $495.00 million per share, with estimates ranging from $482.57 million to $502.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Malibu Boats.
Malibu Boats (NASDAQ:MBUU) last issued its earnings results on Friday, February 9th. The company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The firm had revenue of $114.37 million during the quarter, compared to the consensus estimate of $108.84 million. Malibu Boats had a return on equity of 44.97% and a net margin of 4.64%. The business’s quarterly revenue was up 69.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 earnings per share.
Several research analysts have commented on the company. Zacks Investment Research downgraded Malibu Boats from a “buy” rating to a “hold” rating in a research note on Saturday. BidaskClub raised Malibu Boats from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 11th. BMO Capital Markets raised their target price on Malibu Boats from $34.00 to $40.00 and gave the company a “top pick” rating in a research report on Tuesday, February 13th. B. Riley raised their target price on Malibu Boats from $29.50 to $32.25 and gave the company a “neutral” rating in a research report on Monday, February 12th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $37.00 target price on shares of Malibu Boats in a research report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Malibu Boats currently has an average rating of “Buy” and a consensus price target of $35.28.
NASDAQ MBUU traded up $0.39 during trading on Friday, hitting $35.44. 30,983 shares of the company’s stock were exchanged, compared to its average volume of 205,321. The company has a current ratio of 1.70, a quick ratio of 0.92 and a debt-to-equity ratio of 0.98. The company has a market cap of $718.86, a price-to-earnings ratio of 19.36, a PEG ratio of 1.07 and a beta of 1.02. Malibu Boats has a fifty-two week low of $21.47 and a fifty-two week high of $36.81.
In related news, VP Dan L. Gasper sold 15,000 shares of Malibu Boats stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $34.15, for a total value of $512,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.50% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC purchased a new stake in Malibu Boats in the 4th quarter worth about $261,000. PEAK6 Investments L.P. raised its holdings in shares of Malibu Boats by 222.5% in the fourth quarter. PEAK6 Investments L.P. now owns 11,759 shares of the company’s stock worth $350,000 after buying an additional 21,359 shares during the period. Hillcrest Asset Management LLC purchased a new stake in shares of Malibu Boats in the fourth quarter worth approximately $10,329,000. Teachers Advisors LLC raised its holdings in shares of Malibu Boats by 68.7% in the fourth quarter. Teachers Advisors LLC now owns 289,504 shares of the company’s stock worth $8,607,000 after buying an additional 117,872 shares during the period. Finally, Two Sigma Securities LLC purchased a new stake in shares of Malibu Boats in the fourth quarter worth approximately $236,000.
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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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