Malibu Boats (NASDAQ:MBUU) will be releasing its earnings data before the market opens on Tuesday, November 6th. Analysts expect Malibu Boats to post earnings of $0.53 per share for the quarter.
Malibu Boats (NASDAQ:MBUU) last released its earnings results on Thursday, September 6th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.17. Malibu Boats had a net margin of 5.56% and a return on equity of 43.60%. The firm had revenue of $138.66 million during the quarter, compared to analyst estimates of $122.65 million. During the same period last year, the business earned $0.43 earnings per share. The business’s revenue was up 84.6% on a year-over-year basis. On average, analysts expect Malibu Boats to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
MBUU stock opened at $42.39 on Monday. Malibu Boats has a 52-week low of $27.44 and a 52-week high of $59.57. The company has a market cap of $874.34 million, a PE ratio of 16.82, a price-to-earnings-growth ratio of 0.89 and a beta of 1.45. The company has a quick ratio of 1.37, a current ratio of 2.05 and a debt-to-equity ratio of 0.78.
In related news, COO Ritchie L. Anderson sold 10,750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $52.58, for a total transaction of $565,235.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Clair William Paxson St, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $52.60, for a total transaction of $789,000.00. Following the sale, the insider now directly owns 24,262 shares of the company’s stock, valued at approximately $1,276,181.20. The disclosure for this sale can be found here. Insiders have sold 215,823 shares of company stock valued at $11,390,169 in the last three months. 3.35% of the stock is owned by insiders.
Several research firms have recently issued reports on MBUU. B. Riley upgraded shares of Malibu Boats from a “neutral” rating to a “buy” rating and lifted their target price for the company from $46.50 to $60.00 in a report on Monday, September 17th. SunTrust Banks raised their price target on shares of Malibu Boats to $60.00 and gave the company a “buy” rating in a research report on Friday, September 7th. BMO Capital Markets raised their price target on shares of Malibu Boats from $48.00 to $62.00 and gave the company an “outperform” rating in a research report on Friday, September 7th. BidaskClub downgraded shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 19th. Finally, ValuEngine downgraded shares of Malibu Boats from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $57.14.
Malibu Boats Company Profile
Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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