Malibu Boats, Inc. (MBUU) Expected to Announce Quarterly Sales of $108.09 Million

Equities research analysts expect that Malibu Boats, Inc. (NASDAQ:MBUU) will report sales of $108.09 million for the current quarter, Zacks reports. Four analysts have made estimates for Malibu Boats’ earnings. The highest sales estimate is $109.08 million and the lowest is $107.40 million. Malibu Boats posted sales of $67.66 million in the same quarter last year, which suggests a positive year over year growth rate of 59.8%. The firm is expected to report its next earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that Malibu Boats will report full year sales of $108.09 million for the current fiscal year, with estimates ranging from $447.70 million to $460.93 million. For the next fiscal year, analysts forecast that the business will post sales of $484.79 million per share, with estimates ranging from $473.40 million to $493.69 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Malibu Boats.

Several analysts have recently issued reports on MBUU shares. ValuEngine cut shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. BMO Capital Markets reissued a “buy” rating and set a $32.00 price target on shares of Malibu Boats in a research report on Friday, October 13th. SunTrust Banks reissued a “buy” rating and set a $34.00 price target on shares of Malibu Boats in a research report on Friday, November 10th. B. Riley reissued a “neutral” rating and set a $29.50 price target (up previously from $25.50) on shares of Malibu Boats in a research report on Monday, November 6th. Finally, Aegis started coverage on shares of Malibu Boats in a research report on Monday, October 2nd. They set a “buy” rating and a $37.00 price target on the stock. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $32.31.

Malibu Boats (NASDAQ MBUU) opened at $28.70 on Friday. Malibu Boats has a 1 year low of $17.17 and a 1 year high of $33.35. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.46 and a quick ratio of 0.71. The company has a market cap of $591.26, a PE ratio of 17.70, a price-to-earnings-growth ratio of 1.02 and a beta of 1.00.

In related news, CEO Jackie D. Jr. Springer sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $31.20, for a total transaction of $1,248,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Wayne R. Wilson sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $31.20, for a total transaction of $1,092,000.00. The disclosure for this sale can be found here. Insiders have sold 131,497 shares of company stock worth $3,964,297 over the last 90 days. Insiders own 3.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in MBUU. SG Americas Securities LLC purchased a new position in Malibu Boats in the second quarter valued at approximately $116,000. Susquehanna International Group LLP purchased a new position in Malibu Boats in the second quarter valued at approximately $200,000. Stevens Capital Management LP acquired a new stake in shares of Malibu Boats in the second quarter valued at approximately $201,000. Laurion Capital Management LP acquired a new stake in shares of Malibu Boats in the second quarter valued at approximately $211,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Malibu Boats in the second quarter valued at approximately $211,000.

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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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Earnings History and Estimates for Malibu Boats (NASDAQ:MBUU)

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