Equities research analysts expect Malibu Boats Inc (NASDAQ:MBUU) to announce earnings of $0.71 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Malibu Boats’ earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.70. Malibu Boats reported earnings of $0.49 per share during the same quarter last year, which indicates a positive year over year growth rate of 44.9%. The company is scheduled to announce its next earnings report before the market opens on Wednesday, May 2nd.
On average, analysts expect that Malibu Boats will report full year earnings of $2.25 per share for the current year, with EPS estimates ranging from $2.20 to $2.30. For the next year, analysts anticipate that the business will post earnings of $2.62 per share, with EPS estimates ranging from $2.52 to $2.70. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Malibu Boats.
Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Friday, February 9th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $108.84 million. During the same quarter in the previous year, the business posted $0.38 EPS. The firm’s revenue was up 69.0% compared to the same quarter last year.
A number of brokerages have commented on MBUU. SunTrust Banks reiterated a “buy” rating and issued a $37.00 price objective on shares of Malibu Boats in a report on Friday, February 9th. Zacks Investment Research lowered shares of Malibu Boats from a “buy” rating to a “hold” rating in a report on Saturday. KeyCorp reiterated an “overweight” rating and issued a $38.00 price objective (up previously from $33.00) on shares of Malibu Boats in a report on Friday, February 9th. BMO Capital Markets boosted their price objective on shares of Malibu Boats from $34.00 to $40.00 and gave the stock a “top pick” rating in a report on Tuesday, February 13th. Finally, B. Riley upped their target price on shares of Malibu Boats from $29.50 to $32.25 and gave the company a “neutral” rating in a research note on Monday, February 12th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $35.28.
MBUU stock traded up $0.39 during trading on Wednesday, reaching $35.44. The stock had a trading volume of 30,983 shares, compared to its average volume of 205,321. Malibu Boats has a 1-year low of $21.47 and a 1-year high of $36.81. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.70 and a quick ratio of 0.92. The firm has a market capitalization of $718.86, a P/E ratio of 19.36, a P/E/G ratio of 1.07 and a beta of 1.02.
In related news, VP Dan L. Gasper sold 15,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $34.15, for a total transaction of $512,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC grew its position in Malibu Boats by 87.0% in the 4th quarter. Lazard Asset Management LLC now owns 1,521,832 shares of the company’s stock worth $45,244,000 after purchasing an additional 707,932 shares during the last quarter. Hillcrest Asset Management LLC bought a new position in shares of Malibu Boats in the fourth quarter valued at approximately $10,329,000. Cooke & Bieler LP boosted its holdings in shares of Malibu Boats by 53.8% in the fourth quarter. Cooke & Bieler LP now owns 562,750 shares of the company’s stock valued at $16,731,000 after acquiring an additional 196,930 shares in the last quarter. Thomson Horstmann & Bryant Inc. bought a new position in shares of Malibu Boats in the fourth quarter valued at approximately $3,729,000. Finally, Teachers Advisors LLC boosted 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 valued at $8,607,000 after acquiring an additional 117,872 shares in the last quarter.
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About Malibu Boats
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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