Malibu Boats, Inc. (MBUU) Expected to Post Earnings of $0.48 Per Share

Wall Street brokerages expect Malibu Boats, Inc. (NASDAQ:MBUU) to post $0.48 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for Malibu Boats’ earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.52. Malibu Boats posted earnings per share of $0.38 in the same quarter last year, which would indicate a positive year over year growth rate of 26.3%. The business is expected to issue its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Malibu Boats will report full year earnings of $1.99 per share for the current fiscal year, with EPS estimates ranging from $1.90 to $2.05. For the next financial year, analysts forecast that the business will report earnings of $2.20 per share, with EPS estimates ranging from $2.10 to $2.30. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Malibu Boats.

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

MBUU has been the topic of a number of research analyst reports. Aegis initiated coverage on shares of Malibu Boats in a report on Monday, October 2nd. They issued a “buy” rating and a $37.00 price target on the stock. ValuEngine downgraded shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. BMO Capital Markets reissued a “buy” rating and issued a $32.00 price target on shares of Malibu Boats in a report on Friday, October 13th. KeyCorp reissued a “buy” rating and issued a $31.00 price target on shares of Malibu Boats in a report on Friday, October 20th. Finally, Zacks Investment Research downgraded shares of Malibu Boats from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $32.44.

In related news, CEO Jackie D. Jr. Springer sold 40,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $31.20, for a total value of $1,248,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Deborah S. Kent sold 1,497 shares of the business’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 sold a total of 131,497 shares of company stock worth $3,964,297 over the last 90 days. 3.50% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in MBUU. Hood River Capital Management LLC bought a new stake in shares of Malibu Boats during the second quarter valued at about $10,572,000. American Century Companies Inc. increased its position in shares of Malibu Boats by 42.5% during the third quarter. American Century Companies Inc. now owns 664,496 shares of the company’s stock valued at $21,025,000 after buying an additional 198,283 shares during the period. Thomson Horstmann & Bryant Inc. bought a new stake in shares of Malibu Boats during the fourth quarter valued at about $3,729,000. Dimensional Fund Advisors LP increased its position in shares of Malibu Boats by 28.5% during the second quarter. Dimensional Fund Advisors LP now owns 483,670 shares of the company’s stock valued at $12,513,000 after buying an additional 107,413 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Malibu Boats by 10.7% during the second quarter. Vanguard Group Inc. now owns 893,667 shares of the company’s stock valued at $23,120,000 after buying an additional 86,128 shares during the period.

Shares of Malibu Boats (NASDAQ MBUU) traded up $0.63 during trading hours on Tuesday, hitting $29.76. 139,900 shares of the company were exchanged, compared to its average volume of 188,833. The company has a quick ratio of 0.71, a current ratio of 1.46 and a debt-to-equity ratio of 0.94. The stock has a market cap of $611.22, a P/E ratio of 17.82, a P/E/G ratio of 1.01 and a beta of 1.00. Malibu Boats has a 52 week low of $17.17 and a 52 week high of $33.35.

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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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