Malibu Boats, Inc. (NASDAQ:MBUU) – Equities research analysts at SunTrust Banks issued their Q1 2018 earnings per share estimates for Malibu Boats in a note issued to investors on Wednesday. SunTrust Banks analyst M. Swartz forecasts that the company will earn $0.33 per share for the quarter. SunTrust Banks also issued estimates for Malibu Boats’ Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.51 EPS and FY2018 earnings at $1.79 EPS.

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Several other brokerages have also recently issued reports on MBUU. Zacks Investment Research cut Malibu Boats from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub cut Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. BMO Capital Markets restated a “hold” rating and set a $29.00 price objective on shares of Malibu Boats in a research note on Wednesday, July 5th. ValuEngine upgraded Malibu Boats from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, B. Riley restated a “buy” rating and set a $26.00 price objective on shares of Malibu Boats in a research note on Monday, May 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.20.

Shares of Malibu Boats (MBUU) traded up 0.08% during trading on Friday, hitting $25.53. 185,077 shares of the stock were exchanged. The firm has a 50 day moving average of $27.27 and a 200-day moving average of $23.42. The company has a market cap of $457.75 million, a price-to-earnings ratio of 20.42 and a beta of 0.98. Malibu Boats has a 12-month low of $12.35 and a 12-month high of $29.50.

A number of large investors have recently modified their holdings of MBUU. JPMorgan Chase & Co. raised its stake in shares of Malibu Boats by 1.5% in the first quarter. JPMorgan Chase & Co. now owns 1,896,766 shares of the company’s stock valued at $42,582,000 after buying an additional 27,494 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Malibu Boats by 12.9% in the first quarter. Macquarie Group Ltd. now owns 1,273,917 shares of the company’s stock valued at $28,599,000 after buying an additional 145,160 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Malibu Boats by 22.1% in the first quarter. Vanguard Group Inc. now owns 807,539 shares of the company’s stock valued at $18,129,000 after buying an additional 146,263 shares in the last quarter. Punch & Associates Investment Management Inc. raised its stake in shares of Malibu Boats by 0.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 562,599 shares of the company’s stock valued at $12,630,000 after buying an additional 2,235 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Malibu Boats by 27.9% in the first quarter. American Century Companies Inc. now owns 465,496 shares of the company’s stock valued at $10,450,000 after buying an additional 101,672 shares in the last quarter. 99.81% 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.

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

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