Malibu Boats Inc (NASDAQ:MBUU) – Research analysts at B. Riley boosted their FY2017 earnings per share (EPS) estimates for Malibu Boats in a report issued on Monday. B. Riley analyst J. Baker now anticipates that the company will post earnings per share of $1.48 for the year, up from their previous estimate of $1.47. B. Riley has a “Buy” rating and a $26.00 price objective on the stock. B. Riley also issued estimates for Malibu Boats’ FY2018 earnings at $1.70 EPS, Q3 2019 earnings at $0.61 EPS and FY2019 earnings at $1.97 EPS.
Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.04. The firm had revenue of $77.20 million for the quarter, compared to the consensus estimate of $75.45 million. Malibu Boats had a net margin of 7.57% and a return on equity of 136.96%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 EPS.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Malibu Boats from a “buy” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets restated a “hold” rating and issued a $22.00 target price on shares of Malibu Boats in a report on Thursday, May 4th. Wunderlich cut shares of Malibu Boats from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a report on Wednesday, May 3rd. Finally, TheStreet upgraded shares of Malibu Boats from a “c+” rating to a “b-” rating in a report on Monday, January 30th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.40.
Shares of Malibu Boats (NASDAQ:MBUU) traded down 4.30% on Thursday, hitting $23.37. 196,937 shares of the stock were exchanged. The company has a 50 day moving average of $22.42 and a 200 day moving average of $19.77. The company has a market cap of $419.02 million, a price-to-earnings ratio of 18.70 and a beta of 0.91. Malibu Boats has a 52-week low of $11.38 and a 52-week high of $24.33.
A number of hedge funds have recently made changes to their positions in MBUU. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Malibu Boats during the first quarter worth approximately $206,000. LSV Asset Management acquired a new stake in shares of Malibu Boats during the first quarter worth approximately $237,000. American International Group Inc. raised its stake in shares of Malibu Boats by 7.1% in the first quarter. American International Group Inc. now owns 11,115 shares of the company’s stock worth $250,000 after buying an additional 733 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Malibu Boats by 17.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,158 shares of the company’s stock worth $251,000 after buying an additional 1,946 shares during the last quarter. Finally, Numeric Investors LLC acquired a new stake in shares of Malibu Boats during the fourth quarter worth approximately $266,000. 90.67% of the stock is owned by institutional investors.
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.