Analysts expect Malibu Boats Inc (NASDAQ:MBUU) to report earnings of $0.73 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Malibu Boats’ earnings, with the lowest EPS estimate coming in at $0.66 and the highest estimate coming in at $0.83. Malibu Boats reported earnings per share of $0.67 in the same quarter last year, which would suggest a positive year over year growth rate of 9%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, November 7th.
On average, analysts expect that Malibu Boats will report full-year earnings of $3.92 per share for the current fiscal year, with EPS estimates ranging from $3.67 to $4.15. For the next financial year, analysts forecast that the firm will post earnings of $4.26 per share, with EPS estimates ranging from $4.09 to $4.48. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Malibu Boats.
Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.15. Malibu Boats had a net margin of 9.66% and a return on equity of 44.28%. The business had revenue of $194.82 million for the quarter, compared to the consensus estimate of $185.75 million. During the same quarter last year, the firm earned $0.76 EPS. Malibu Boats’s revenue for the quarter was up 40.5% on a year-over-year basis.
A number of equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BMO Capital Markets decreased their price target on shares of Malibu Boats from $62.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. KeyCorp decreased their price target on shares of Malibu Boats from $53.00 to $48.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. B. Riley cut their price target on shares of Malibu Boats from $62.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Finally, Wells Fargo & Co set a $40.00 target price on Malibu Boats and gave the stock a “buy” rating in a research note on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $47.83.
Hedge funds have recently modified their holdings of the stock. Advisor Group Inc. lifted its holdings in Malibu Boats by 111.1% in the second quarter. Advisor Group Inc. now owns 859 shares of the company’s stock worth $33,000 after acquiring an additional 452 shares during the last quarter. Aperio Group LLC bought a new stake in Malibu Boats during the 2nd quarter valued at $36,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Malibu Boats in the second quarter worth approximately $68,000. Meeder Asset Management Inc. boosted its stake in shares of Malibu Boats by 792.7% during the third quarter. Meeder Asset Management Inc. now owns 7,115 shares of the company’s stock valued at $219,000 after purchasing an additional 6,318 shares during the period. Finally, State Board of Administration of Florida Retirement System bought a new position in Malibu Boats in the second quarter worth $224,000.
Malibu Boats stock opened at $32.64 on Monday. The stock has a market capitalization of $655.66 million, a PE ratio of 8.89, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79. The company has a quick ratio of 0.79, a current ratio of 1.69 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $30.28 and a 200-day moving average of $34.90. Malibu Boats has a twelve month low of $24.79 and a twelve month high of $50.89.
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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