Malibu Boats, Inc. (NASDAQ:MBUU) – Research analysts at SunTrust Banks upped their Q2 2018 earnings per share (EPS) estimates for shares of Malibu Boats in a report released on Friday. SunTrust Banks analyst M. Swartz now expects that the company will post earnings of $0.47 per share for the quarter, up from their previous estimate of $0.45. SunTrust Banks has a “Buy” rating and a $34.00 price objective on the stock. SunTrust Banks also issued estimates for Malibu Boats’ FY2018 earnings at $1.97 EPS and FY2019 earnings at $2.17 EPS.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.09. Malibu Boats had a return on equity of 54.78% and a net margin of 9.42%.

Several other brokerages also recently issued reports on MBUU. ValuEngine downgraded Malibu Boats from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $32.00 price target on shares of Malibu Boats in a report on Friday, October 13th. Aegis began coverage on Malibu Boats in a report on Monday, October 2nd. They issued a “buy” rating and a $37.00 price target for the company. KeyCorp reiterated a “buy” rating and issued a $31.00 price target on shares of Malibu Boats in a report on Friday, October 20th. Finally, BidaskClub upgraded Malibu Boats from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $32.31.

Shares of Malibu Boats (MBUU) opened at $29.76 on Monday. Malibu Boats has a twelve month low of $17.17 and a twelve month high of $33.35. The stock has a market capitalization of $606.33, a price-to-earnings ratio of 17.71, a P/E/G ratio of 1.01 and a beta of 1.00. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.46 and a quick ratio of 0.71.

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

In other news, CEO Jackie D. Jr. Springer sold 40,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $27.76, for a total transaction of $1,110,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Deborah S. Kent sold 1,497 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $31.16, for a total value of $46,646.52. The disclosure for this sale can be found here. Insiders have sold 131,497 shares of company stock valued at $3,964,297 over the last 90 days. Insiders own 3.50% of the company’s stock.

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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.

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

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