Malibu Boats Inc (NASDAQ:MBUU) – Investment analysts at B. Riley increased their Q3 2018 EPS estimates for shares of Malibu Boats in a research note issued on Monday. B. Riley analyst E. Wold now expects that the company will post earnings of $0.70 per share for the quarter, up from their prior forecast of $0.58. B. Riley currently has a “Neutral” rating and a $32.25 target price on the stock. B. Riley also issued estimates for Malibu Boats’ Q4 2018 earnings at $0.51 EPS, FY2018 earnings at $2.13 EPS, Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.74 EPS, Q4 2019 earnings at $0.55 EPS and FY2019 earnings at $2.49 EPS.
A number of other research firms have also recently weighed in on MBUU. Zacks Investment Research raised shares of Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a report on Thursday. BMO Capital Markets lifted their price objective on shares of Malibu Boats from $34.00 to $40.00 and gave the company a “top pick” rating in a report on Tuesday. ValuEngine raised shares of Malibu Boats from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. KeyCorp reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Malibu Boats in a report on Friday, November 10th. Finally, BidaskClub cut shares of Malibu Boats from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Malibu Boats has an average rating of “Buy” and an average price target of $35.28.
Malibu Boats (MBUU) opened at $34.52 on Thursday. Malibu Boats has a fifty-two week low of $20.21 and a fifty-two week high of $35.90. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.70 and a quick ratio of 0.71. The firm has a market cap of $714.28, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07.
Malibu Boats (NASDAQ:MBUU) last issued its earnings results on Friday, February 9th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. Malibu Boats had a net margin of 4.64% and a return on equity of 44.97%. The firm had revenue of $114.37 million during the quarter, compared to analysts’ expectations of $108.84 million. During the same quarter last year, the company posted $0.38 earnings per share. The firm’s revenue was up 69.0% compared to the same quarter last year.
In other news, COO Ritchie L. Anderson sold 15,000 shares of Malibu Boats stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $31.15, for a total value of $467,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Deborah S. Kent sold 1,497 shares of Malibu Boats stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $31.16, for a total transaction of $46,646.52. The disclosure for this sale can be found here. Insiders sold 91,497 shares of company stock valued at $2,853,897 in the last ninety days. 3.50% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC acquired a new stake in shares of Malibu Boats in the fourth quarter valued at about $261,000. PEAK6 Investments L.P. grew its position in shares of Malibu Boats by 222.5% in the fourth quarter. PEAK6 Investments L.P. now owns 11,759 shares of the company’s stock valued at $350,000 after purchasing an additional 21,359 shares during the period. Hillcrest Asset Management LLC acquired a new stake in shares of Malibu Boats in the fourth quarter valued at about $10,329,000. Teachers Advisors LLC grew its position in shares of Malibu Boats by 68.7% in the fourth quarter. Teachers Advisors LLC now owns 289,504 shares of the company’s stock valued at $8,607,000 after purchasing an additional 117,872 shares during the period. Finally, Two Sigma Securities LLC acquired a new stake in shares of Malibu Boats in the fourth quarter valued at about $236,000.
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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