B. Riley Analysts Lift Earnings Estimates for Malibu Boats Inc (MBUU)

Malibu Boats Inc (NASDAQ:MBUU) – Equities researchers at B. Riley boosted their Q3 2018 earnings estimates for shares of Malibu Boats in a note issued to investors on Monday. B. Riley analyst E. Wold now anticipates that the company will post earnings per share of $0.70 for the quarter, up from their previous estimate of $0.58. B. Riley has a “Neutral” rating and a $32.25 price objective on the stock. B. Riley also issued estimates for Malibu Boats’ Q4 2018 earnings at $0.51 EPS, FY2018 earnings at $2.13 EPS, Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.74 EPS, Q4 2019 earnings at $0.55 EPS and FY2019 earnings at $2.49 EPS.

Malibu Boats (NASDAQ:MBUU) last posted its earnings results on Friday, February 9th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. Malibu Boats had a return on equity of 44.97% and a net margin of 4.64%. The company had revenue of $114.37 million during the quarter, compared to analyst estimates of $108.84 million. During the same period in the previous year, the company earned $0.38 EPS. The company’s revenue for the quarter was up 69.0% compared to the same quarter last year.

Several other equities research analysts also recently issued reports on the stock. KeyCorp reiterated a “buy” rating and set a $31.00 price objective on shares of Malibu Boats in a research note on Friday, October 20th. BidaskClub downgraded shares of Malibu Boats from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Zacks Investment Research downgraded shares of Malibu Boats from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. SunTrust Banks reiterated a “buy” rating and set a $34.00 price objective on shares of Malibu Boats in a research note on Friday, November 10th. Finally, BMO Capital Markets boosted their price objective on shares of Malibu Boats from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $35.28.

Malibu Boats (NASDAQ:MBUU) traded up $0.43 on Thursday, reaching $34.72. 382,700 shares of the company’s stock traded hands, compared to its average volume of 217,125. The company has a current ratio of 1.70, a quick ratio of 0.71 and a debt-to-equity ratio of 0.98. Malibu Boats has a 12 month low of $20.21 and a 12 month high of $35.90. The stock has a market capitalization of $703.28, a P/E ratio of 18.94, a P/E/G ratio of 1.11 and a beta of 1.07.

In other news, VP Deborah S. Kent sold 1,497 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $31.16, for a total value of $46,646.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Ritchie L. Anderson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $31.15, for a total transaction of $467,250.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,497 shares of company stock valued at $2,853,897. Corporate insiders own 3.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. PEAK6 Investments L.P. raised its position in Malibu Boats by 222.5% during the fourth quarter. PEAK6 Investments L.P. now owns 11,759 shares of the company’s stock valued at $350,000 after acquiring an additional 21,359 shares in the last quarter. Hillcrest Asset Management LLC bought a new position in Malibu Boats during the fourth quarter valued at approximately $10,329,000. Teachers Advisors LLC raised its position in Malibu Boats by 68.7% during 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. Two Sigma Securities LLC bought a new position in Malibu Boats during the fourth quarter valued at approximately $236,000. Finally, Goldman Sachs Group Inc. raised its position in Malibu Boats by 0.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 211,658 shares of the company’s stock valued at $6,292,000 after acquiring an additional 1,822 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.

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

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