Malibu Boats (MBUU) Expected to Announce Earnings of $0.59 Per Share

Brokerages expect Malibu Boats (NASDAQ:MBUU) to report earnings of $0.59 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Malibu Boats’ earnings. The lowest EPS estimate is $0.53 and the highest is $0.63. Malibu Boats reported earnings of $0.43 per share during the same quarter last year, which would indicate a positive year over year growth rate of 37.2%. The company is scheduled to report its next earnings results on Thursday, September 6th.

On average, analysts expect that Malibu Boats will report full-year earnings of $2.25 per share for the current fiscal year, with EPS estimates ranging from $2.20 to $2.30. For the next year, analysts forecast that the company will post earnings of $2.62 per share, with EPS estimates ranging from $2.52 to $2.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Malibu Boats.

Malibu Boats (NASDAQ:MBUU) last announced its earnings results on Wednesday, May 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.19. Malibu Boats had a return on equity of 44.97% and a net margin of 4.64%. The firm had revenue of $140.43 million during the quarter, compared to analyst estimates of $125.92 million. During the same period last year, the firm posted $0.49 EPS. The business’s revenue was up 82.0% compared to the same quarter last year.



Several equities research analysts recently weighed in on the company. SunTrust Banks lifted their price objective on Malibu Boats from $2.48 to $48.00 and gave the stock a “positive” rating in a report on Thursday. Wells Fargo lowered Malibu Boats from an “outperform” rating to a “market perform” rating in a report on Thursday. BMO Capital Markets lifted their price objective on Malibu Boats from $40.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday. KeyCorp reissued an “overweight” rating and issued a $46.00 price objective (up previously from $40.00) on shares of Malibu Boats in a report on Thursday. Finally, Zacks Investment Research raised Malibu Boats from a “sell” rating to a “hold” rating in a report on Wednesday, April 25th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Malibu Boats presently has an average rating of “Buy” and an average price target of $38.66.

MBUU traded down $0.76 during trading hours on Friday, hitting $39.60. The stock had a trading volume of 422,523 shares, compared to its average volume of 213,873. Malibu Boats has a 1 year low of $22.46 and a 1 year high of $41.49. The firm has a market cap of $687.28, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 1.02 and a beta of 1.02. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.92 and a current ratio of 1.70.

In other Malibu Boats news, VP Dan L. Gasper sold 15,000 shares of Malibu Boats stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $34.15, for a total transaction of $512,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its holdings in Malibu Boats by 124.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 72,898 shares of the company’s stock valued at $2,307,000 after buying an additional 40,437 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Malibu Boats by 42.5% during the 4th quarter. Mackenzie Financial Corp now owns 64,062 shares of the company’s stock valued at $1,905,000 after buying an additional 19,091 shares in the last quarter. SG Americas Securities LLC purchased a new position in Malibu Boats during the 4th quarter valued at about $432,000. Thomson Horstmann & Bryant Inc. purchased a new position in Malibu Boats during the 4th quarter valued at about $3,729,000. Finally, Lazard Asset Management LLC grew its holdings in Malibu Boats by 87.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,521,832 shares of the company’s stock valued at $45,244,000 after buying an additional 707,932 shares in 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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Earnings History and Estimates for Malibu Boats (NASDAQ:MBUU)

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