Wall Street analysts forecast that Malibu Boats (NASDAQ:MBUU) will report earnings per share of $0.59 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Malibu Boats’ earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.52. Malibu Boats posted earnings per share of $0.43 in the same quarter last year, which would indicate a positive year over year growth rate of 37.2%. The firm is expected to report its next earnings results on Thursday, September 6th.
On average, analysts expect that Malibu Boats will report full year earnings of $2.44 per share for the current fiscal year, with EPS estimates ranging from $2.36 to $2.48. For the next fiscal year, analysts anticipate that the company will post earnings of $2.84 per share, with EPS estimates ranging from $2.70 to $3.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Malibu Boats.
Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results on Wednesday, May 2nd. The company reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.19. Malibu Boats had a return on equity of 45.08% and a net margin of 5.73%. The company had revenue of $140.43 million during the quarter, compared to analysts’ expectations of $125.92 million. During the same period in the previous year, the firm posted $0.49 earnings per share. The business’s revenue for the quarter was up 82.0% compared to the same quarter last year.
A number of equities analysts have recently weighed in on MBUU shares. BidaskClub cut Malibu Boats from a “strong-buy” rating to a “buy” rating in a report on Friday, March 16th. Zacks Investment Research raised Malibu Boats from a “sell” rating to a “hold” rating in a report on Wednesday, April 25th. KeyCorp boosted their price target on Malibu Boats from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, April 23rd. BMO Capital Markets boosted their price target on Malibu Boats from $40.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, May 3rd. Finally, SunTrust Banks boosted their price target on Malibu Boats to $48.00 and gave the stock a “positive” rating in a report on Thursday, May 3rd. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $41.75.
Shares of NASDAQ MBUU traded down $0.69 during trading on Friday, reaching $44.32. The company had a trading volume of 86,200 shares, compared to its average volume of 210,417. Malibu Boats has a twelve month low of $24.01 and a twelve month high of $45.43. The stock has a market cap of $908.65 million, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 1.25 and a beta of 1.10. The company has a quick ratio of 1.21, a current ratio of 1.87 and a debt-to-equity ratio of 0.85.
Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in Malibu Boats by 126.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,445 shares of the company’s stock valued at $133,000 after purchasing an additional 2,485 shares during the last quarter. Two Sigma Securities LLC acquired a new position in Malibu Boats in the fourth quarter valued at $236,000. Trexquant Investment LP acquired a new position in Malibu Boats in the first quarter valued at $282,000. MetLife Investment Advisors LLC acquired a new position in Malibu Boats in the fourth quarter valued at $261,000. Finally, PEAK6 Investments L.P. increased its stake in Malibu Boats by 222.5% in the fourth quarter. PEAK6 Investments L.P. now owns 11,759 shares of the company’s stock valued at $350,000 after purchasing an additional 21,359 shares during the last quarter.
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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