Malibu Boats (NASDAQ:MBUU) released its quarterly earnings results on Friday. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.04, Morningstar.com reports. The company had revenue of $114.37 million for the quarter, compared to analyst estimates of $108.84 million. Malibu Boats had a return on equity of 54.78% and a net margin of 9.42%. Malibu Boats’s revenue was up 69.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share.
Malibu Boats (NASDAQ MBUU) opened at $33.40 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.71 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $680.49, a PE ratio of 18.45, a P/E/G ratio of 1.14 and a beta of 1.07. Malibu Boats has a fifty-two week low of $20.21 and a fifty-two week high of $34.88.
In related news, CFO Wayne R. Wilson sold 35,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $31.20, for a total transaction of $1,092,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Deborah S. Kent sold 1,497 shares of the stock in a transaction dated Thursday, November 30th. The stock was 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. Over the last quarter, insiders have sold 91,497 shares of company stock valued at $2,853,897. 3.50% of the stock is owned by corporate insiders.
A number of research firms have recently commented on MBUU. SunTrust Banks reaffirmed a “buy” rating and set a $37.00 price target on shares of Malibu Boats in a research report on Friday. KeyCorp set a $38.00 price target on Malibu Boats and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research lowered Malibu Boats from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine upgraded Malibu Boats from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, BidaskClub upgraded Malibu Boats from a “hold” rating to a “buy” rating in a report on Friday, January 26th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Malibu Boats currently has an average rating of “Buy” and a consensus target price of $33.44.
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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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