Malibu Boats (MBUU) Releases Earnings Results, Beats Expectations By $0.04 EPS

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.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings 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 worth $23,120,000 after buying an additional 86,128 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in Malibu Boats by 1.9% in the second quarter. Lord Abbett & CO. LLC now owns 873,928 shares of the company’s stock valued at $22,609,000 after purchasing an additional 16,256 shares in the last quarter. American Century Companies Inc. grew its stake in Malibu Boats by 42.5% in the third quarter. American Century Companies Inc. now owns 664,496 shares of the company’s stock valued at $21,025,000 after purchasing an additional 198,283 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Malibu Boats by 18.4% in the third quarter. Dimensional Fund Advisors LP now owns 572,820 shares of the company’s stock valued at $18,124,000 after purchasing an additional 89,150 shares in the last quarter. Finally, Cooke & Bieler LP grew its stake in Malibu Boats by 53.8% in the fourth quarter. Cooke & Bieler LP now owns 562,750 shares of the company’s stock valued at $16,731,000 after purchasing an additional 196,930 shares in the last quarter.

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.

Earnings History for Malibu Boats (NASDAQ:MBUU)

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