Analysts Expect Malibu Boats Inc (MBUU) Will Announce Quarterly Sales of $108.44 Million

Equities analysts predict that Malibu Boats Inc (NASDAQ:MBUU) will report $108.44 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Malibu Boats’ earnings. The highest sales estimate is $109.08 million and the lowest is $107.76 million. Malibu Boats reported sales of $67.66 million during the same quarter last year, which would suggest a positive year over year growth rate of 60.3%. The business is expected to announce its next quarterly earnings results before the market opens on Wednesday, February 7th.

On average, analysts expect that Malibu Boats will report full year sales of $108.44 million for the current year, with estimates ranging from $447.70 million to $460.93 million. For the next fiscal year, analysts forecast that the business will report sales of $486.25 million per share, with estimates ranging from $473.40 million to $493.69 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Malibu Boats.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.09. Malibu Boats had a net margin of 9.42% and a return on equity of 54.78%.

A number of brokerages have weighed in on MBUU. ValuEngine lowered shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $32.00 price target on shares of Malibu Boats in a report on Friday, October 13th. SunTrust Banks reiterated a “buy” rating and issued a $34.00 price target on shares of Malibu Boats in a report on Friday, November 10th. B. Riley reiterated a “neutral” rating and issued a $29.50 price target (up previously from $25.50) on shares of Malibu Boats in a report on Monday, November 6th. Finally, Aegis began coverage on shares of Malibu Boats in a report on Monday, October 2nd. They issued a “buy” rating and a $37.00 price target on the stock. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Malibu Boats presently has a consensus rating of “Buy” and an average price target of $32.44.

Shares of Malibu Boats (NASDAQ MBUU) traded up $0.74 on Thursday, hitting $30.59. 169,545 shares of the company’s stock were exchanged, compared to its average volume of 147,743. The firm has a market cap of $623.24, a price-to-earnings ratio of 18.21, a PEG ratio of 1.04 and a beta of 1.00. Malibu Boats has a 52 week low of $17.17 and a 52 week high of $33.35. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.46.

In related news, CFO Wayne R. Wilson sold 35,000 shares of Malibu Boats stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $31.20, for a total transaction of $1,092,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Deborah S. Kent sold 1,497 shares of Malibu Boats stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $31.16, for a total transaction of $46,646.52. The disclosure for this sale can be found here. Insiders have sold a total of 131,497 shares of company stock worth $3,964,297 in the last 90 days. Company insiders own 3.50% of the company’s stock.

Several large investors have recently bought and sold shares of MBUU. Hood River Capital Management LLC acquired a new position in shares of Malibu Boats during the 2nd quarter valued at $10,572,000. American Century Companies Inc. lifted its holdings in shares of Malibu Boats by 42.5% during the 3rd quarter. American Century Companies Inc. now owns 664,496 shares of the company’s stock valued at $21,025,000 after acquiring an additional 198,283 shares in the last quarter. Thomson Horstmann & Bryant Inc. acquired a new position in shares of Malibu Boats during the 4th quarter valued at $3,729,000. Dimensional Fund Advisors LP lifted its holdings in shares of Malibu Boats by 28.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 483,670 shares of the company’s stock valued at $12,513,000 after acquiring an additional 107,413 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Malibu Boats by 10.7% during the 2nd quarter. Vanguard Group Inc. now owns 893,667 shares of the company’s stock valued at $23,120,000 after acquiring an additional 86,128 shares in the last quarter.

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About Malibu Boats

Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.

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