Brokerages predict that Malibu Boats Inc (NASDAQ:MBUU) will announce $0.96 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Malibu Boats’ earnings. The lowest EPS estimate is $0.94 and the highest is $0.97. Malibu Boats reported earnings per share of $0.76 in the same quarter last year, which would indicate a positive year over year growth rate of 26.3%. The company is scheduled to announce its next earnings report on Thursday, September 5th.
On average, analysts expect that Malibu Boats will report full year earnings of $3.64 per share for the current year, with EPS estimates ranging from $3.62 to $3.65. For the next fiscal year, analysts forecast that the business will post earnings of $4.14 per share, with EPS estimates ranging from $3.91 to $4.25. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Malibu Boats.
Malibu Boats (NASDAQ:MBUU) last posted its earnings results on Thursday, May 9th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.03 by $0.12. The firm had revenue of $199.92 million during the quarter, compared to the consensus estimate of $188.31 million. Malibu Boats had a return on equity of 44.85% and a net margin of 9.41%. The business’s quarterly revenue was up 42.4% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share.
Several equities analysts have commented on MBUU shares. BidaskClub downgraded Malibu Boats from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. B. Riley upgraded Malibu Boats from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 22nd. Finally, Zacks Investment Research upgraded Malibu Boats from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Tuesday, January 29th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $55.83.
Malibu Boats stock traded down $1.33 during trading hours on Tuesday, hitting $39.95. The stock had a trading volume of 165,185 shares, compared to its average volume of 155,125. The company has a current ratio of 1.61, a quick ratio of 0.72 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $832.44 million, a PE ratio of 15.85, a P/E/G ratio of 0.75 and a beta of 1.80. Malibu Boats has a one year low of $32.09 and a one year high of $59.57.
Institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC acquired a new stake in shares of Malibu Boats in the first quarter valued at about $497,000. SEI Investments Co increased its stake in shares of Malibu Boats by 18.6% in the first quarter. SEI Investments Co now owns 7,959 shares of the company’s stock valued at $309,000 after buying an additional 1,246 shares during the period. Jefferies Group LLC acquired a new stake in shares of Malibu Boats in the first quarter valued at about $215,000. Oxford Asset Management LLP increased its stake in shares of Malibu Boats by 20.7% in the first quarter. Oxford Asset Management LLP now owns 97,945 shares of the company’s stock valued at $3,877,000 after buying an additional 16,795 shares during the period. Finally, ArrowMark Colorado Holdings LLC increased its stake in shares of Malibu Boats by 2.1% in the first quarter. ArrowMark Colorado Holdings LLC now owns 337,741 shares of the company’s stock valued at $13,368,000 after buying an additional 7,052 shares during the period. Hedge funds and other institutional investors own 98.07% of the company’s stock.
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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