Wall Street analysts expect Malibu Boats Inc (NASDAQ:MBUU) to post earnings of $1.05 per share for the current quarter, according to Zacks. Five analysts have made estimates for Malibu Boats’ earnings, with estimates ranging from $1.03 to $1.06. Malibu Boats posted earnings per share of $0.89 in the same quarter last year, which suggests a positive year-over-year growth rate of 18%. The firm is scheduled to report its next quarterly earnings results on Wednesday, May 1st.
According to Zacks, analysts expect that Malibu Boats will report full year earnings of $3.49 per share for the current year, with EPS estimates ranging from $3.35 to $3.55. For the next financial year, analysts expect that the firm will report earnings of $3.95 per share, with EPS estimates ranging from $3.75 to $4.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Malibu Boats.
Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Wednesday, February 6th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. Malibu Boats had a net margin of 9.44% and a return on equity of 45.92%. The business had revenue of $165.80 million during the quarter, compared to analysts’ expectations of $149.82 million. During the same period last year, the company posted $0.53 EPS. The business’s revenue was up 44.9% on a year-over-year basis.
MBUU has been the subject of a number of recent research reports. BidaskClub cut shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 19th. Zacks Investment Research raised shares of Malibu Boats from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Thursday, January 17th. Finally, B. Riley raised shares of Malibu Boats from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 22nd. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Malibu Boats presently has a consensus rating of “Buy” and a consensus target price of $54.86.
Shares of NASDAQ:MBUU traded down $1.94 on Tuesday, reaching $42.72. The company’s stock had a trading volume of 4,338 shares, compared to its average volume of 206,669. Malibu Boats has a 52-week low of $31.66 and a 52-week high of $59.57. The stock has a market capitalization of $930.58 million, a P/E ratio of 16.89, a PEG ratio of 0.87 and a beta of 1.78. The company has a quick ratio of 0.61, a current ratio of 1.54 and a debt-to-equity ratio of 0.86.
In related news, CFO Wayne R. Wilson sold 10,466 shares of Malibu Boats stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $48.36, for a total transaction of $506,135.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Deborah S. Kent sold 1,200 shares of Malibu Boats stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $45.06, for a total transaction of $54,072.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,702 shares of company stock valued at $1,112,058. 3.35% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Malibu Boats by 3.3% in the 4th quarter. BlackRock Inc. now owns 1,637,655 shares of the company’s stock valued at $56,990,000 after buying an additional 52,004 shares during the period. Renaissance Technologies LLC boosted its position in Malibu Boats by 24.1% in the 3rd quarter. Renaissance Technologies LLC now owns 806,200 shares of the company’s stock valued at $44,115,000 after buying an additional 156,700 shares during the period. Dimensional Fund Advisors LP boosted its position in Malibu Boats by 3.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 801,719 shares of the company’s stock valued at $43,870,000 after buying an additional 25,322 shares during the period. JPMorgan Chase & Co. boosted its position in Malibu Boats by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 721,724 shares of the company’s stock valued at $39,493,000 after buying an additional 5,665 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Malibu Boats in the 3rd quarter valued at about $23,934,000. 95.42% of the stock is owned by institutional investors.
Malibu Boats Company Profile
Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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