Malibu Boats, Inc. to Post Q1 2019 Earnings of $0.44 Per Share, B. Riley Forecasts (MBUU)

Malibu Boats, Inc. (NASDAQ:MBUU) – Investment analysts at B. Riley issued their Q1 2019 earnings per share (EPS) estimates for shares of Malibu Boats in a report issued on Wednesday. B. Riley analyst E. Wold expects that the company will post earnings of $0.44 per share for the quarter. B. Riley currently has a “Neutral” rating and a $29.50 target price on the stock. B. Riley also issued estimates for Malibu Boats’ Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.62 EPS and Q4 2019 earnings at $0.45 EPS.

Malibu Boats (NASDAQ:MBUU) last posted its earnings results on Thursday, September 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $75.11 million for the quarter, compared to the consensus estimate of $73.35 million. Malibu Boats had a return on equity of 54.78% and a net margin of 9.42%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 earnings per share.

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Several other research firms also recently issued reports on MBUU. ValuEngine downgraded Malibu Boats from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. BMO Capital Markets restated a “buy” rating and set a $32.00 target price on shares of Malibu Boats in a research report on Friday, October 13th. Aegis assumed coverage on Malibu Boats in a research report on Monday, October 2nd. They set a “buy” rating and a $37.00 target price on the stock. KeyCorp restated a “buy” rating and set a $31.00 target price on shares of Malibu Boats in a research report on Friday, October 20th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $36.00 target price (up previously from $30.00) on shares of Malibu Boats in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Malibu Boats presently has a consensus rating of “Buy” and a consensus price target of $32.31.

Malibu Boats (MBUU) traded up $0.36 during trading hours on Monday, hitting $28.42. The company’s stock had a trading volume of 307,700 shares, compared to its average volume of 186,810. The stock has a market capitalization of $571.70, a P/E ratio of 16.70, a P/E/G ratio of 0.98 and a beta of 1.02. Malibu Boats has a 12-month low of $16.66 and a 12-month high of $33.35. The company has a current ratio of 1.46, a quick ratio of 0.71 and a debt-to-equity ratio of 0.94.

In other news, CEO Jackie D. Jr. Springer sold 40,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $27.76, for a total value of $1,110,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Malibu Boats in the second quarter worth $116,000. Susquehanna International Group LLP bought a new position in Malibu Boats in the second quarter valued at $200,000. Stevens Capital Management LP bought a new position in Malibu Boats in the second quarter valued at $201,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Malibu Boats in the second quarter valued at $211,000. Finally, Laurion Capital Management LP bought a new position in Malibu Boats in the second quarter valued at $211,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

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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