Brokerages expect Malibu Boats Inc (NASDAQ:MBUU) to report sales of $186.71 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Malibu Boats’ earnings. The highest sales estimate is $190.30 million and the lowest is $182.10 million. Malibu Boats reported sales of $140.43 million in the same quarter last year, which would suggest a positive year over year growth rate of 33%. The business is expected to report its next quarterly earnings report on Wednesday, May 1st.

On average, analysts expect that Malibu Boats will report full-year sales of $655.28 million for the current fiscal year, with estimates ranging from $637.70 million to $660.20 million. For the next year, analysts anticipate that the company will report sales of $736.90 million, with estimates ranging from $713.00 million to $765.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Malibu Boats.

Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Wednesday, February 6th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.13. Malibu Boats had a net margin of 9.44% and a return on equity of 45.92%. The company had revenue of $165.80 million for the quarter, compared to the consensus estimate of $149.82 million. During the same period in the prior year, the firm posted $0.53 EPS. Malibu Boats’s revenue for the quarter was up 44.9% on a year-over-year basis.

Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Malibu Boats from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. BidaskClub cut Malibu Boats from a “hold” rating to a “sell” rating in a research report on Wednesday, December 12th. B. Riley upgraded shares of Malibu Boats from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 22nd. Finally, ValuEngine lowered shares of Malibu Boats from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $54.86.

Shares of NASDAQ MBUU opened at $42.38 on Thursday. Malibu Boats has a 1 year low of $31.66 and a 1 year high of $59.57. The firm has a market cap of $930.58 million, a price-to-earnings ratio of 16.77, a PEG ratio of 0.87 and a beta of 1.78. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.54 and a quick ratio of 0.61.

In other news, COO Ritchie L. Anderson sold 12,036 shares of the business’s stock in a transaction that occurred on Tuesday, November 27th. The shares were sold at an average price of $45.85, for a total transaction of $551,850.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Deborah S. Kent sold 1,200 shares of the firm’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $45.06, for a total transaction of $54,072.00. The disclosure for this sale can be found here. Insiders sold a total of 23,702 shares of company stock worth $1,112,058 in the last three months. Company insiders own 3.35% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Malibu Boats by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 230,523 shares of the company’s stock valued at $8,022,000 after acquiring an additional 17,786 shares during the period. Stifel Financial Corp grew its stake in Malibu Boats by 31.5% during the 4th quarter. Stifel Financial Corp now owns 308,631 shares of the company’s stock worth $10,784,000 after buying an additional 73,854 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Malibu Boats by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 820,097 shares of the company’s stock valued at $28,540,000 after buying an additional 18,378 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Malibu Boats by 4.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,175 shares of the company’s stock worth $1,294,000 after buying an additional 1,525 shares during the last quarter. Finally, Citigroup Inc. grew its stake in shares of Malibu Boats by 17.8% in the 4th quarter. Citigroup Inc. now owns 6,618 shares of the company’s stock valued at $230,000 after buying an additional 1,002 shares during the period. Institutional investors and hedge funds own 95.42% of the company’s stock.

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.

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

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