Zacks: Brokerages Anticipate Malibu Boats Inc (NASDAQ:MBUU) to Post $0.95 Earnings Per Share

Analysts forecast that Malibu Boats Inc (NASDAQ:MBUU) will post earnings per share of $0.95 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Malibu Boats’ earnings, with estimates ranging from $0.94 to $0.97. Malibu Boats reported earnings of $0.76 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 25%. The firm is expected to report its next earnings report before the market opens on Thursday, August 29th.

According to Zacks, analysts expect that Malibu Boats will report full year earnings of $3.64 per share for the current financial year, with EPS estimates ranging from $3.62 to $3.65. For the next financial year, analysts forecast that the business will post earnings of $3.99 per share, with EPS estimates ranging from $3.66 to $4.15. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Malibu Boats.

MBUU has been the topic of a number of analyst reports. ValuEngine lowered Malibu Boats from a “sell” rating to a “strong sell” rating in a research report on Monday, July 22nd. B. Riley set a $62.00 target price on Malibu Boats and gave the stock a “buy” rating in a research report on Friday, July 19th. KeyCorp dropped their target price on Malibu Boats from $53.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Raymond James lowered Malibu Boats from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. Finally, Zacks Investment Research downgraded Malibu Boats from a “buy” rating to a “hold” rating in a research note on Saturday, July 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $53.29.

Large investors have recently bought and sold shares of the stock. Boston Advisors LLC boosted its stake in Malibu Boats by 0.6% in the first quarter. Boston Advisors LLC now owns 48,646 shares of the company’s stock valued at $1,925,000 after acquiring an additional 305 shares during the period. Envestnet Asset Management Inc. boosted its stake in Malibu Boats by 4.2% in the second quarter. Envestnet Asset Management Inc. now owns 9,291 shares of the company’s stock valued at $361,000 after acquiring an additional 373 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Malibu Boats by 1.1% in the second quarter. Parametric Portfolio Associates LLC now owns 39,023 shares of the company’s stock valued at $1,516,000 after acquiring an additional 418 shares during the period. Advisor Group Inc. boosted its stake in Malibu Boats by 111.1% in the second quarter. Advisor Group Inc. now owns 859 shares of the company’s stock valued at $33,000 after acquiring an additional 452 shares during the period. Finally, Alps Advisors Inc. boosted its stake in Malibu Boats by 6.5% in the first quarter. Alps Advisors Inc. now owns 9,065 shares of the company’s stock valued at $359,000 after acquiring an additional 551 shares during the period.

Shares of NASDAQ MBUU traded down $0.46 during midday trading on Tuesday, reaching $26.18. 358,854 shares of the company’s stock were exchanged, compared to its average volume of 208,000. Malibu Boats has a 52-week low of $26.00 and a 52-week high of $59.57. The company has a market capitalization of $566.74 million, a PE ratio of 10.39, a PEG ratio of 0.70 and a beta of 1.80. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.61 and a quick ratio of 0.72. The stock’s fifty day moving average price is $33.85.

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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