Malibu Boats (NASDAQ:MBUU) released its quarterly earnings results on Friday. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.04, Morningstar.com reports. The firm had revenue of $114.37 million during the quarter, compared to the consensus estimate of $108.84 million. Malibu Boats had a net margin of 9.42% and a return on equity of 54.78%. The company’s revenue for the quarter was up 69.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 earnings per share.

Malibu Boats (MBUU) traded up $3.40 on Friday, hitting $33.40. 747,565 shares of the stock traded hands, compared to its average volume of 185,544. Malibu Boats has a 52 week low of $20.21 and a 52 week high of $34.88. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.46. The firm has a market capitalization of $757.62, a PE ratio of 34.43, a PEG ratio of 1.02 and a beta of 1.07.

In other Malibu Boats news, CEO Jackie D. Jr. Springer sold 40,000 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $31.20, for a total value of $1,248,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Deborah S. Kent sold 1,497 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $31.16, for a total transaction of $46,646.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,497 shares of company stock valued at $2,853,897. 3.50% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of MBUU. Alliancebernstein L.P. acquired a new stake in Malibu Boats in the second quarter worth $269,000. Northern Trust Corp grew its holdings in Malibu Boats by 3.0% in the second quarter. Northern Trust Corp now owns 262,097 shares of the company’s stock worth $6,781,000 after purchasing an additional 7,735 shares during the period. Vanguard Group Inc. grew its holdings in Malibu Boats by 10.7% in the second quarter. Vanguard Group Inc. now owns 893,667 shares of the company’s stock worth $23,120,000 after purchasing an additional 86,128 shares during the period. Dimensional Fund Advisors LP grew its holdings in Malibu Boats by 28.5% in the second quarter. Dimensional Fund Advisors LP now owns 483,670 shares of the company’s stock worth $12,513,000 after purchasing an additional 107,413 shares during the period. Finally, Voya Investment Management LLC grew its holdings in Malibu Boats by 14.9% in the second quarter. Voya Investment Management LLC now owns 10,529 shares of the company’s stock worth $272,000 after purchasing an additional 1,366 shares during the period.

Several research firms have recently issued reports on MBUU. KeyCorp set a $38.00 price target on shares of Malibu Boats and gave the company a “buy” rating in a research note on Friday. SunTrust Banks reiterated a “buy” rating and set a $37.00 price objective on shares of Malibu Boats in a research report on Friday. BidaskClub upgraded shares of Malibu Boats from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. ValuEngine upgraded shares of Malibu Boats from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, BMO Capital Markets reiterated a “buy” rating and set a $32.00 price objective on shares of Malibu Boats in a research report on Friday, October 13th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $33.44.

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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.

Earnings History for Malibu Boats (NASDAQ:MBUU)

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