Brokerages expect Malibu Boats, Inc. (NASDAQ:MBUU) to report $97.31 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Malibu Boats’ earnings. The highest sales estimate is $98.63 million and the lowest is $95.70 million. Malibu Boats posted sales of $62.02 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 56.9%. The company is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, November 7th.

According to Zacks, analysts expect that Malibu Boats will report full-year sales of $97.31 million for the current fiscal year, with estimates ranging from $444.60 million to $453.80 million. For the next fiscal year, analysts forecast that the company will post sales of $479.17 million per share, with estimates ranging from $473.40 million to $486.09 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Malibu Boats.

Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings results on Thursday, September 7th. The company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. Malibu Boats had a net margin of 10.06% and a return on equity of 78.71%. The firm had revenue of $75.11 million for the quarter, compared to analysts’ expectations of $73.35 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis.

Several analysts have recently commented on the stock. ValuEngine downgraded shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. BMO Capital Markets reissued a “buy” rating and set a $32.00 price target on shares of Malibu Boats in a report on Friday, October 13th. Aegis initiated coverage on shares of Malibu Boats in a report on Monday, October 2nd. They set a “buy” rating and a $37.00 price target on the stock. KeyCorp restated a “buy” rating and set a $31.00 price objective on shares of Malibu Boats in a research report on Friday. Finally, Zacks Investment Research cut shares of Malibu Boats from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Malibu Boats currently has a consensus rating of “Buy” and an average price target of $30.07.

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Shares of Malibu Boats (NASDAQ MBUU) opened at 31.60 on Friday. The stock has a market cap of $641.07 million, a PE ratio of 20.00 and a beta of 1.04. The company has a 50-day moving average of $29.86 and a 200 day moving average of $26.26. Malibu Boats has a one year low of $14.12 and a one year high of $33.35.

In other news, Director Peter E. Murphy bought 3,000 shares of Malibu Boats stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average price of $25.50 per share, with a total value of $76,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in Malibu Boats in the second quarter valued at approximately $116,000. Susquehanna International Group LLP acquired a new stake in Malibu Boats in the second quarter valued at approximately $200,000. Stevens Capital Management LP acquired a new stake in Malibu Boats in the second quarter valued at approximately $201,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Malibu Boats in the second quarter valued at approximately $211,000. Finally, Laurion Capital Management LP acquired a new stake in Malibu Boats in the second quarter valued at approximately $211,000. 90.19% of the stock is currently owned by hedge funds and other institutional investors.

About Malibu Boats

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

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