Malibu Boats, Inc. (NASDAQ:MBUU) – Analysts at B. Riley dropped their Q2 2018 earnings per share (EPS) estimates for shares of Malibu Boats in a research note issued to investors on Wednesday. B. Riley analyst E. Wold now anticipates that the company will post earnings of $0.51 per share for the quarter, down from their prior forecast of $0.52. B. Riley has a “Neutral” rating and a $29.50 price target on the stock. B. Riley also issued estimates for Malibu Boats’ Q3 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.40 EPS, FY2018 earnings at $1.90 EPS and FY2019 earnings at $2.05 EPS.

Malibu Boats (NASDAQ:MBUU) last issued its quarterly earnings data on Thursday, September 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Malibu Boats had a return on equity of 54.78% and a net margin of 9.42%. The company had revenue of $75.11 million during the quarter, compared to analysts’ expectations of $73.35 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis.

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Several other equities research analysts have also recently issued reports on MBUU. KeyCorp reiterated a “buy” rating and issued a $33.00 price target on shares of Malibu Boats in a research note on Friday. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $34.00 price target on shares of Malibu Boats in a research note on Friday. Zacks Investment Research cut Malibu Boats from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company reiterated an “outperform” rating and issued a $36.00 price target (up from $30.00) on shares of Malibu Boats in a research note on Wednesday. Finally, ValuEngine cut Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Malibu Boats currently has an average rating of “Buy” and a consensus target price of $32.06.

Shares of Malibu Boats (NASDAQ:MBUU) opened at $27.80 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $566.40, a P/E ratio of 16.55, a PEG ratio of 0.97 and a beta of 1.02. Malibu Boats has a 1-year low of $16.66 and a 1-year high of $33.35.

Institutional investors and hedge funds have recently made changes to their positions in the business. Prudential Financial Inc. raised its position in Malibu Boats by 3.1% during the second quarter. Prudential Financial Inc. now owns 169,440 shares of the company’s stock valued at $4,383,000 after purchasing an additional 5,140 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in Malibu Boats during the first quarter valued at approximately $215,000. AJO LP acquired a new position in Malibu Boats during the second quarter valued at approximately $5,025,000. Bank of America Corp DE raised its position in Malibu Boats by 48.2% during the first quarter. Bank of America Corp DE now owns 72,202 shares of the company’s stock valued at $1,621,000 after purchasing an additional 23,474 shares in the last quarter. Finally, Chicago Equity Partners LLC raised its position in Malibu Boats by 114.0% during the second quarter. Chicago Equity Partners LLC now owns 100,902 shares of the company’s stock valued at $2,610,000 after purchasing an additional 53,747 shares in the last quarter. Institutional investors and hedge funds own 90.09% of the company’s stock.

Malibu Boats Company Profile

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 and Estimates for Malibu Boats (NASDAQ:MBUU)

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