Equities research analysts expect Malibu Boats, Inc. (NASDAQ:MBUU) to post sales of $97.32 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Malibu Boats’ earnings, with the lowest sales estimate coming in at $96.50 million and the highest estimate coming in at $98.10 million. Malibu Boats posted sales of $62.02 million during the same quarter last year, which would indicate a positive year over year growth rate of 56.9%. The business is scheduled to report its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Malibu Boats will report full year sales of $97.32 million for the current year, with estimates ranging from $442.10 million to $447.70 million. For the next year, analysts expect that the business will post sales of $472.11 million per share, with estimates ranging from $470.00 million to $473.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Malibu Boats.
Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Malibu Boats had a return on equity of 91.48% and a net margin of 10.06%. The business had revenue of $75.11 million during the quarter, compared to analysts’ expectations of $73.35 million. During the same period in the previous year, the firm earned $0.38 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year.
MBUU has been the subject of several research reports. ValuEngine upgraded Malibu Boats from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded Malibu Boats from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Wednesday, June 21st. BMO Capital Markets reiterated a “hold” rating and set a $29.00 price target on shares of Malibu Boats in a research note on Wednesday, July 5th. BidaskClub downgraded Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Finally, B. Riley downgraded Malibu Boats to a “neutral” rating and set a $25.25 price target for the company. in a research note on Monday, August 28th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $28.92.
Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Malibu Boats during the 2nd quarter valued at $116,000. Susquehanna International Group LLP bought a new stake in Malibu Boats during the 2nd quarter valued at $200,000. Stevens Capital Management LP bought a new stake in Malibu Boats during the 2nd quarter valued at $201,000. Dynamic Technology Lab Private Ltd bought a new stake in Malibu Boats during the 1st quarter valued at $206,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Malibu Boats during the 2nd quarter valued at $211,000.
Malibu Boats (MBUU) opened at 27.72 on Tuesday. Malibu Boats has a 1-year low of $13.96 and a 1-year high of $29.50. The firm has a market capitalization of $497.02 million, a PE ratio of 22.18 and a beta of 0.99. The firm has a 50-day moving average price of $26.92 and a 200-day moving average price of $24.42.
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Malibu Boats Company Profile
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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