Analysts Expect Malibu Boats Inc (NASDAQ:MBUU) Will Announce Earnings of $0.75 Per Share

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.

Several equities analysts have issued reports on MBUU shares. KeyCorp dropped their price objective on shares of Malibu Boats from $53.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Zacks Investment Research raised shares of Malibu Boats from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday. Raymond James cut shares of Malibu Boats from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. B. Riley reaffirmed a “buy” rating and set a $52.00 price target on shares of Malibu Boats in a research note on Friday. Finally, BidaskClub raised shares of Malibu Boats from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $47.17.

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.

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Earnings History and Estimates for Malibu Boats (NASDAQ:MBUU)

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