Equities analysts forecast that Malibu Boats Inc (NASDAQ:MBUU) will announce sales of $185.23 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Malibu Boats’ earnings. The highest sales estimate is $187.50 million and the lowest is $181.91 million. Malibu Boats reported sales of $138.66 million during the same quarter last year, which suggests a positive year over year growth rate of 33.6%. The company is expected to announce its next earnings results on Thursday, September 5th.

According to Zacks, analysts expect that Malibu Boats will report full year sales of $672.05 million for the current fiscal year, with estimates ranging from $659.23 million to $676.70 million. For the next fiscal year, analysts forecast that the business will report sales of $756.51 million, with estimates ranging from $743.18 million to $776.50 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover Malibu Boats.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Thursday, May 9th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.12. Malibu Boats had a return on equity of 44.85% and a net margin of 9.41%. The firm had revenue of $199.92 million during the quarter, compared to the consensus estimate of $188.31 million. During the same period in the previous year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 42.4% compared to the same quarter last year.

Several research analysts recently issued reports on MBUU shares. BidaskClub upgraded Malibu Boats from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Zacks Investment Research downgraded Malibu Boats from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Finally, B. Riley upgraded Malibu Boats from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 22nd. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $56.33.

Shares of Malibu Boats stock opened at $41.52 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.61 and a quick ratio of 0.72. Malibu Boats has a 1 year low of $32.09 and a 1 year high of $59.57. The company has a market cap of $861.84 million, a P/E ratio of 16.48, a P/E/G ratio of 0.81 and a beta of 1.80.

Institutional investors and hedge funds have recently modified their holdings of the business. AlphaOne Investment Services LLC raised its holdings in Malibu Boats by 65.3% in the 4th quarter. AlphaOne Investment Services LLC now owns 866 shares of the company’s stock valued at $30,000 after acquiring an additional 342 shares during the last quarter. US Bancorp DE raised its holdings in Malibu Boats by 51.9% in the 1st quarter. US Bancorp DE now owns 1,191 shares of the company’s stock valued at $47,000 after acquiring an additional 407 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in Malibu Boats by 5,954.2% in the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the company’s stock valued at $51,000 after acquiring an additional 1,429 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Malibu Boats by 93.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,844 shares of the company’s stock valued at $73,000 after acquiring an additional 893 shares during the last quarter. Finally, Nordea Investment Management AB acquired a new position in Malibu Boats in the 4th quarter valued at $104,000. Institutional investors own 98.07% of the company’s stock.

Malibu Boats Company Profile

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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