Malibu Boats Inc (NASDAQ:MBUU) – Analysts at B. Riley lowered their FY2020 EPS estimates for shares of Malibu Boats in a report released on Monday, March 23rd. B. Riley analyst E. Wold now expects that the company will earn $3.59 per share for the year, down from their previous estimate of $3.92. B. Riley currently has a “Buy” rating and a $32.00 target price on the stock. B. Riley also issued estimates for Malibu Boats’ Q4 2020 earnings at $0.78 EPS, Q1 2021 earnings at $0.58 EPS, Q2 2021 earnings at $0.61 EPS, Q3 2021 earnings at $0.83 EPS, Q4 2021 earnings at $0.66 EPS and FY2021 earnings at $2.69 EPS.

Several other analysts have also recently commented on MBUU. Wells Fargo & Co restated a “buy” rating on shares of Malibu Boats in a report on Friday, February 7th. BidaskClub lowered Malibu Boats from a “hold” rating to a “sell” rating in a research note on Wednesday. BMO Capital Markets reissued an “outperform” rating and issued a $60.00 target price on shares of Malibu Boats in a research note on Friday, February 7th. KeyCorp increased their target price on Malibu Boats from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Berenberg Bank assumed coverage on Malibu Boats in a research note on Wednesday, January 15th. They issued a “buy” rating and a $50.00 target price on the stock. Two research analysts have rated the stock with a sell rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $49.63.

MBUU opened at $26.55 on Thursday. The stock has a market cap of $512.15 million, a PE ratio of 6.41 and a beta of 1.89. The company has a current ratio of 1.55, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. Malibu Boats has a 1 year low of $22.30 and a 1 year high of $52.13. The stock’s 50 day simple moving average is $39.77 and its 200-day simple moving average is $37.49.

Malibu Boats (NASDAQ:MBUU) last released its earnings results on Thursday, February 6th. The company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.24. Malibu Boats had a return on equity of 39.76% and a net margin of 9.79%. The company had revenue of $180.10 million for the quarter, compared to analysts’ expectations of $164.13 million. During the same quarter in the previous year, the business posted $0.86 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. lifted its stake in shares of Malibu Boats by 1.7% in the 4th quarter. Macquarie Group Ltd. now owns 1,241,737 shares of the company’s stock valued at $50,849,000 after purchasing an additional 20,354 shares during the period. Verus Capital Partners LLC purchased a new position in Malibu Boats in the 4th quarter worth approximately $57,000. Geode Capital Management LLC grew its position in Malibu Boats by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 282,026 shares of the company’s stock worth $11,548,000 after purchasing an additional 7,450 shares during the period. Alliancebernstein L.P. raised its position in shares of Malibu Boats by 735.9% during the 4th quarter. Alliancebernstein L.P. now owns 174,696 shares of the company’s stock valued at $7,154,000 after buying an additional 153,796 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. raised its position in shares of Malibu Boats by 1.6% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 445,903 shares of the company’s stock valued at $18,260,000 after buying an additional 7,150 shares in the last quarter. 98.49% of the stock is owned by institutional investors.

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.

Further Reading: Monthly Dividend Stocks

Earnings History and Estimates for Malibu Boats (NASDAQ:MBUU)

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