Malibu Boats, Inc. (NASDAQ:MBUU) – Analysts at B. Riley issued their Q1 2019 earnings estimates for Malibu Boats in a research report issued on Wednesday. B. Riley analyst E. Wold expects that the company will post earnings per share of $0.44 for the quarter. B. Riley currently has a “Neutral” rating and a $29.50 target price on the stock. B. Riley also issued estimates for Malibu Boats’ Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.62 EPS and Q4 2019 earnings at $0.45 EPS.
Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings data on Thursday, September 7th. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $75.11 million for the quarter, compared to analyst estimates of $73.35 million. Malibu Boats had a return on equity of 54.78% and a net margin of 9.42%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share. TRADEMARK VIOLATION NOTICE: This article was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://ledgergazette.com/2017/11/13/equities-analysts-issue-forecasts-for-malibu-boats-inc-s-q1-2019-earnings-mbuu.html.
A number of other equities analysts have also commented on MBUU. KeyCorp reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Malibu Boats in a research note on Friday. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Malibu Boats in a research note on Friday. Zacks Investment Research lowered Malibu Boats from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $36.00 price objective (up from $30.00) on shares of Malibu Boats in a research note on Wednesday, November 8th. Finally, ValuEngine lowered Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $32.06.
Malibu Boats (NASDAQ MBUU) opened at $27.80 on Monday. The company has a quick ratio of 0.71, a current ratio of 1.46 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $566.40, a P/E ratio of 16.55, a P/E/G ratio of 0.97 and a beta of 1.02. Malibu Boats has a 12 month low of $16.66 and a 12 month high of $33.35.
Institutional investors and hedge funds have recently modified their holdings of the business. Prudential Financial Inc. increased its holdings in shares of Malibu Boats by 3.1% during the second quarter. Prudential Financial Inc. now owns 169,440 shares of the company’s stock valued at $4,383,000 after acquiring an additional 5,140 shares in the last quarter. AJO LP bought a new stake in shares of Malibu Boats during the second quarter valued at approximately $5,025,000. Bank of America Corp DE increased its holdings in shares of Malibu Boats by 48.2% during the first quarter. Bank of America Corp DE now owns 72,202 shares of the company’s stock valued at $1,621,000 after acquiring an additional 23,474 shares in the last quarter. Chicago Equity Partners LLC increased its holdings in shares of Malibu Boats by 114.0% during the second quarter. Chicago Equity Partners LLC now owns 100,902 shares of the company’s stock valued at $2,610,000 after acquiring an additional 53,747 shares in the last quarter. Finally, First Quadrant L P CA increased its holdings in shares of Malibu Boats by 60.5% during the second quarter. First Quadrant L P CA now owns 28,242 shares of the company’s stock valued at $731,000 after acquiring an additional 10,642 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.
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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