Brokerages expect Malibu Boats, Inc. (NASDAQ:MBUU) to post $0.38 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Malibu Boats’ earnings. The lowest EPS estimate is $0.38 and the highest is $0.39. Malibu Boats posted earnings per share of $0.36 during the same quarter last year, which would suggest a positive year over year growth rate of 5.6%. The business is expected to announce its next quarterly earnings report on Wednesday, September 6th.
According to Zacks, analysts expect that Malibu Boats will report full-year earnings of $1.48 per share for the current year, with EPS estimates ranging from $1.47 to $1.48. For the next year, analysts forecast that the business will post earnings of $1.68 per share, with EPS estimates ranging from $1.65 to $1.70. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Malibu Boats.
Several analysts have recently issued reports on MBUU shares. ValuEngine raised Malibu Boats from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Wunderlich downgraded Malibu Boats from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a research report on Wednesday, May 3rd. BMO Capital Markets reiterated a “hold” rating and issued a $29.00 target price on shares of Malibu Boats in a research report on Wednesday, July 5th. Zacks Investment Research upgraded Malibu Boats from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, June 21st. Finally, BidaskClub downgraded Malibu Boats from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $25.20.
Shares of Malibu Boats (NASDAQ MBUU) traded down 0.37% on Friday, reaching $27.16. The company had a trading volume of 122,836 shares. The company’s 50-day moving average price is $27.08 and its 200-day moving average price is $23.17. Malibu Boats has a 52-week low of $12.35 and a 52-week high of $29.50. The firm has a market capitalization of $486.98 million, a price-to-earnings ratio of 21.73 and a beta of 0.98.
Several hedge funds have recently modified their holdings of MBUU. Prudential Financial Inc. bought a new position in shares of Malibu Boats during the first quarter valued at $3,688,000. Highbridge Capital Management LLC acquired a new position in Malibu Boats during the first quarter valued at approximately $215,000. UBS Asset Management Americas Inc. boosted its position in Malibu Boats by 8.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 66,225 shares of the company’s stock valued at $1,264,000 after buying an additional 5,085 shares during the last quarter. EAM Investors LLC acquired a new position in Malibu Boats during the first quarter valued at approximately $856,000. Finally, First Quadrant L P CA boosted its position in Malibu Boats by 60.5% in the second quarter. First Quadrant L P CA now owns 28,242 shares of the company’s stock valued at $731,000 after buying an additional 10,642 shares during the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.
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.
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