Equities analysts expect that Malibu Boats Inc (NASDAQ:MBUU) will report earnings of $0.75 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Malibu Boats’ earnings, with estimates ranging from $0.65 to $0.88. Malibu Boats reported earnings per share of $0.86 during the same quarter last year, which indicates a negative year-over-year growth rate of 12.8%. The business is scheduled to announce its next earnings results on Wednesday, February 5th.
According to Zacks, analysts expect that Malibu Boats will report full year earnings of $3.95 per share for the current year, with EPS estimates ranging from $3.79 to $4.16. For the next fiscal year, analysts forecast that the company will report earnings of $4.33 per share, with EPS estimates ranging from $4.20 to $4.46. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Malibu Boats.
Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.13. Malibu Boats had a net margin of 9.64% and a return on equity of 42.48%. The company had revenue of $172.10 million during the quarter, compared to the consensus estimate of $149.98 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was up 39.4% on a year-over-year basis.
Large investors have recently bought and sold shares of the company. Advisor Group Inc. boosted its position in shares of Malibu Boats by 111.1% in the 2nd quarter. Advisor Group Inc. now owns 859 shares of the company’s stock worth $33,000 after buying an additional 452 shares in the last quarter. Aperio Group LLC purchased a new stake in shares of Malibu Boats in the 2nd quarter worth about $36,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Malibu Boats in the 2nd quarter worth about $68,000. SG Americas Securities LLC purchased a new stake in shares of Malibu Boats in the 3rd quarter worth about $146,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Malibu Boats in the 2nd quarter worth about $224,000.
Malibu Boats stock traded up $0.05 during trading on Tuesday, reaching $38.03. The stock had a trading volume of 208,900 shares, compared to its average volume of 244,399. The company has a quick ratio of 0.72, a current ratio of 1.61 and a debt-to-equity ratio of 0.53. The stock has a market cap of $777.26 million, a PE ratio of 10.36, a P/E/G ratio of 0.99 and a beta of 1.80. The business has a 50 day moving average price of $32.86 and a 200 day moving average price of $34.08. Malibu Boats has a 52-week low of $24.79 and a 52-week high of $49.11.
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.
Featured Article: Dividend Aristocrat Index
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Malibu Boats Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Malibu Boats and related companies with MarketBeat.com's FREE daily email newsletter.