Equities analysts expect Malibu Boats Inc (NASDAQ:MBUU) to announce $185.50 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Malibu Boats’ earnings. The lowest sales estimate is $182.90 million and the highest is $187.50 million. Malibu Boats reported sales of $138.66 million in the same quarter last year, which indicates a positive year-over-year growth rate of 33.8%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, August 29th.

According to Zacks, analysts expect that Malibu Boats will report full year sales of $674.70 million for the current fiscal year, with estimates ranging from $672.10 million to $676.70 million. For the next year, analysts forecast that the company will report sales of $738.71 million, with estimates ranging from $688.20 million to $760.35 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Malibu Boats.

Several brokerages have recently commented on MBUU. KeyCorp reduced their price objective on Malibu Boats from $53.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. SunTrust Banks dropped their price target on shares of Malibu Boats to $48.00 and set a “buy” rating for the company in a research note on Monday, June 17th. Zacks Investment Research downgraded shares of Malibu Boats from a “buy” rating to a “hold” rating in a research note on Saturday, July 20th. Raymond James downgraded shares of Malibu Boats from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Finally, ValuEngine downgraded shares of Malibu Boats from a “sell” rating to a “strong sell” rating in a research note on Monday, July 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $53.29.

Shares of Malibu Boats stock traded up $1.05 during trading on Thursday, hitting $26.65. 17,598 shares of the stock traded hands, compared to its average volume of 291,383. The company has a quick ratio of 0.72, a current ratio of 1.61 and a debt-to-equity ratio of 0.68. The stock has a market cap of $538.83 million, a price-to-earnings ratio of 10.52, a PEG ratio of 0.66 and a beta of 1.80. The firm’s fifty day moving average is $32.39 and its 200-day moving average is $38.85. Malibu Boats has a 52 week low of $25.18 and a 52 week high of $59.57.

Several hedge funds have recently modified their holdings of MBUU. Shaker Investments LLC OH grew its holdings in Malibu Boats by 84.8% during the 1st quarter. Shaker Investments LLC OH now owns 12,200 shares of the company’s stock worth $483,000 after acquiring an additional 5,600 shares in the last quarter. Geode Capital Management LLC raised its holdings in Malibu Boats by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 230,523 shares of the company’s stock worth $8,022,000 after buying an additional 17,786 shares during the period. California Public Employees Retirement System raised its holdings in Malibu Boats by 6.7% during the 1st quarter. California Public Employees Retirement System now owns 53,205 shares of the company’s stock worth $2,106,000 after buying an additional 3,329 shares during the period. Catalyst Capital Advisors LLC raised its holdings in Malibu Boats by 48.9% during the 1st quarter. Catalyst Capital Advisors LLC now owns 7,000 shares of the company’s stock worth $277,000 after buying an additional 2,300 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Malibu Boats by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 820,097 shares of the company’s stock worth $28,540,000 after acquiring an additional 18,378 shares in the last quarter.

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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