$0.31 EPS Expected for Malibu Boats, Inc. (MBUU) This Quarter
Wall Street analysts predict that Malibu Boats, Inc. (NASDAQ:MBUU) will post earnings of $0.31 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Malibu Boats’ earnings. The highest EPS estimate is $0.34 and the lowest is $0.29. Malibu Boats reported earnings of $0.26 per share in the same quarter last year, which would indicate a positive year over year growth rate of 19.2%. The firm is scheduled to report its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Malibu Boats will report full-year earnings of $1.85 per share for the current fiscal year, with EPS estimates ranging from $1.80 to $1.95. For the next financial year, analysts forecast that the company will post earnings of $2.02 per share, with EPS estimates ranging from $1.86 to $2.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover Malibu Boats.
Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings results on Thursday, September 7th. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. Malibu Boats had a return on equity of 91.48% and a net margin of 10.06%. The company had revenue of $75.11 million during the quarter, compared to analysts’ expectations of $73.35 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year.
Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Malibu Boats from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. B. Riley downgraded shares of Malibu Boats to a “neutral” rating and set a $25.25 price objective for the company. in a research note on Monday, August 28th. BidaskClub downgraded shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. BMO Capital Markets restated a “hold” rating and issued a $29.00 price objective on shares of Malibu Boats in a research note on Wednesday, July 5th. Finally, KeyCorp restated an “overweight” rating and issued a $31.00 price objective on shares of Malibu Boats in a research note on Wednesday, August 30th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $28.42.
Shares of Malibu Boats (NASDAQ MBUU) traded down 1.88% during mid-day trading on Friday, reaching $26.07. The company’s stock had a trading volume of 331,487 shares. The company’s 50-day moving average is $26.97 and its 200-day moving average is $24.35. The stock has a market capitalization of $467.44 million, a price-to-earnings ratio of 20.86 and a beta of 0.99. Malibu Boats has a 52 week low of $13.96 and a 52 week high of $29.50.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. boosted its stake in shares of Malibu Boats by 0.3% during the second quarter. Alps Advisors Inc. now owns 22,747 shares of the company’s stock worth $588,000 after buying an additional 58 shares during the period. Rhumbline Advisers boosted its stake in shares of Malibu Boats by 0.8% during the second quarter. Rhumbline Advisers now owns 19,767 shares of the company’s stock worth $511,000 after buying an additional 160 shares during the period. American International Group Inc. boosted its stake in shares of Malibu Boats by 7.1% during the first quarter. American International Group Inc. now owns 11,115 shares of the company’s stock worth $250,000 after buying an additional 733 shares during the period. Voya Investment Management LLC boosted its stake in shares of Malibu Boats by 14.9% during the second 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. Finally, Mackenzie Financial Corp boosted its stake in shares of Malibu Boats by 17.0% during the first quarter. Mackenzie Financial Corp now owns 17,000 shares of the company’s stock worth $382,000 after buying an additional 2,465 shares during the period.
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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