Malibu Boats Inc (MBUU) Expected to Announce Earnings of $1.05 Per Share

Analysts forecast that Malibu Boats Inc (NASDAQ:MBUU) will post earnings of $1.05 per share for the current quarter, Zacks reports. Five analysts have made estimates for Malibu Boats’ earnings. The highest EPS estimate is $1.06 and the lowest is $1.03. Malibu Boats reported earnings per share of $0.89 during the same quarter last year, which suggests a positive year over year growth rate of 18%. The business is scheduled to report its next earnings report before the market opens on Thursday, May 9th.

On average, analysts expect that Malibu Boats will report full year earnings of $3.49 per share for the current year, with EPS estimates ranging from $3.35 to $3.55. For the next fiscal year, analysts anticipate that the business will report earnings of $4.03 per share, with EPS estimates ranging from $3.79 to $4.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Malibu Boats.

Malibu Boats (NASDAQ:MBUU) last released its earnings results on Wednesday, February 6th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.13. The company had revenue of $165.80 million during the quarter, compared to analyst estimates of $149.82 million. Malibu Boats had a return on equity of 45.92% and a net margin of 9.44%. The company’s revenue for the quarter was up 44.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share.

Several equities analysts recently commented on MBUU shares. Zacks Investment Research downgraded shares of Malibu Boats from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. ValuEngine upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, BidaskClub upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Malibu Boats has a consensus rating of “Buy” and an average price target of $54.86.

In related news, VP Deborah S. Kent sold 1,200 shares of the stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $45.06, for a total value of $54,072.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.35% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MBUU. BlackRock Inc. lifted its stake in Malibu Boats by 3.3% in the 4th quarter. BlackRock Inc. now owns 1,637,655 shares of the company’s stock valued at $56,990,000 after purchasing an additional 52,004 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Malibu Boats by 5.6% during the fourth quarter. Macquarie Group Ltd. now owns 1,266,606 shares of the company’s stock worth $44,077,000 after acquiring an additional 67,617 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Malibu Boats by 18.3% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,242,146 shares of the company’s stock worth $43,227,000 after acquiring an additional 192,588 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Malibu Boats by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 820,097 shares of the company’s stock worth $28,540,000 after acquiring an additional 18,378 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Malibu Boats by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 721,724 shares of the company’s stock worth $39,493,000 after acquiring an additional 5,665 shares during the last quarter. Institutional investors and hedge funds own 99.09% of the company’s stock.

NASDAQ MBUU traded down $0.04 during trading on Friday, reaching $40.74. The company’s stock had a trading volume of 85,226 shares, compared to its average volume of 143,881. The company has a quick ratio of 0.61, a current ratio of 1.54 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $848.90 million, a P/E ratio of 16.17, a P/E/G ratio of 0.80 and a beta of 1.81. Malibu Boats has a 12 month low of $32.09 and a 12 month high of $59.57.

Malibu Boats Company Profile

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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