Brokerages expect Malibu Boats Inc (NASDAQ:MBUU) to report sales of $108.44 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Malibu Boats’ earnings, with estimates ranging from $107.76 million to $109.08 million. Malibu Boats posted sales of $67.66 million during the same quarter last year, which indicates a positive year-over-year growth rate of 60.3%. The business is expected to issue its next earnings results on Wednesday, February 7th.
According to Zacks, analysts expect that Malibu Boats will report full year sales of $108.44 million for the current year, with estimates ranging from $447.70 million to $460.93 million. For the next financial year, analysts expect that the company will post sales of $486.25 million per share, with estimates ranging from $473.40 million to $493.69 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Malibu Boats.
Malibu Boats (NASDAQ:MBUU) last issued its earnings results on Tuesday, November 7th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.09. Malibu Boats had a return on equity of 54.78% and a net margin of 9.42%.
MBUU has been the topic of a number of research reports. KeyCorp reiterated a “buy” rating and issued a $33.00 target price on shares of Malibu Boats in a report on Friday, November 10th. Zacks Investment Research downgraded Malibu Boats from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub downgraded Malibu Boats from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. BMO Capital Markets upped their target price on Malibu Boats from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, November 13th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $36.00 target price (up previously from $30.00) on shares of Malibu Boats in a report on Wednesday, November 8th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $32.44.
Malibu Boats (NASDAQ:MBUU) opened at $29.80 on Thursday. The firm has a market capitalization of $607.15, a PE ratio of 17.84, a PEG ratio of 1.01 and a beta of 1.00. Malibu Boats has a twelve month low of $17.17 and a twelve month high of $33.35. The company has a quick ratio of 0.71, a current ratio of 1.46 and a debt-to-equity ratio of 0.94.
In related news, CEO Jackie D. Jr. Springer sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $27.76, for a total value of $1,110,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Deborah S. Kent sold 1,497 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were 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. In the last three months, insiders sold 131,497 shares of company stock valued at $3,964,297. 3.50% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Malibu Boats by 10.7% in the 2nd quarter. Vanguard Group Inc. now owns 893,667 shares of the company’s stock valued at $23,120,000 after buying an additional 86,128 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Malibu Boats by 1.9% in the 2nd quarter. Lord Abbett & CO. LLC now owns 873,928 shares of the company’s stock valued at $22,609,000 after buying an additional 16,256 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Malibu Boats by 42.5% in the 3rd quarter. American Century Companies Inc. now owns 664,496 shares of the company’s stock valued at $21,025,000 after buying an additional 198,283 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Malibu Boats by 18.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 572,820 shares of the company’s stock valued at $18,124,000 after buying an additional 89,150 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its position in Malibu Boats by 2.3% during the third quarter. Hood River Capital Management LLC now owns 418,103 shares of the company’s stock worth $13,229,000 after purchasing an additional 9,461 shares during the period.
About Malibu Boats
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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