$0.59 EPS Expected for Malibu Boats (MBUU) This Quarter

Equities analysts predict that Malibu Boats (NASDAQ:MBUU) will post earnings per share of $0.59 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Malibu Boats’ earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.63. Malibu Boats reported earnings per share of $0.43 in the same quarter last year, which indicates a positive year-over-year growth rate of 37.2%. The firm is scheduled to issue its next quarterly earnings results on Thursday, September 6th.

According to Zacks, analysts expect that Malibu Boats will report full-year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.36 to $2.48. For the next fiscal year, analysts forecast that the business will post earnings of $2.84 per share, with EPS estimates ranging from $2.70 to $3.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Malibu Boats.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings data 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. The firm had revenue of $140.43 million for the quarter, compared to analysts’ expectations of $125.92 million. Malibu Boats had a net margin of 5.73% and a return on equity of 45.08%. The company’s revenue for the quarter was up 82.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share.

Several equities research analysts have recently issued reports on the stock. SunTrust Banks reiterated a “buy” rating and set a $37.00 price objective on shares of Malibu Boats in a research report on Friday, February 9th. Wells Fargo & Co cut shares of Malibu Boats from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 3rd. BMO Capital Markets boosted their price target on shares of Malibu Boats from $40.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, May 3rd. B. Riley boosted their price target on shares of Malibu Boats from $29.50 to $32.25 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Finally, Zacks Investment Research upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a research report on Wednesday, April 25th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Malibu Boats currently has a consensus rating of “Buy” and a consensus target price of $41.75.

Shares of Malibu Boats traded down $0.69, hitting $44.32, on Friday, Marketbeat Ratings reports. 86,200 shares of the company traded hands, compared to its average volume of 210,417. The stock has a market cap of $908.65 million, a P/E ratio of 29.46, a PEG ratio of 1.25 and a beta of 1.10. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.87 and a quick ratio of 1.21. Malibu Boats has a 52 week low of $24.01 and a 52 week high of $45.43.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position 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 worth $133,000 after purchasing an additional 2,485 shares during the last quarter. Two Sigma Securities LLC bought a new stake in Malibu Boats in the fourth quarter worth $236,000. Trexquant Investment LP bought a new stake in Malibu Boats in the first quarter worth $282,000. MetLife Investment Advisors LLC bought a new stake in Malibu Boats in the fourth quarter worth $261,000. Finally, PEAK6 Investments L.P. increased its position in Malibu Boats by 222.5% in the fourth quarter. PEAK6 Investments L.P. now owns 11,759 shares of the company’s stock worth $350,000 after purchasing an additional 21,359 shares during the last quarter.

About Malibu Boats

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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