Malibu Boats, Inc. (NASDAQ:MBUU) – Research analysts at SunTrust Banks boosted their FY2018 earnings per share estimates for shares of Malibu Boats in a report issued on Tuesday. SunTrust Banks analyst M. Swartz now forecasts that the company will post earnings per share of $1.90 for the year, up from their previous forecast of $1.79. SunTrust Banks currently has a “Buy” rating and a $34.00 target price on the stock. SunTrust Banks also issued estimates for Malibu Boats’ Q4 2018 earnings at $0.49 EPS and FY2019 earnings at $2.10 EPS.

Several other brokerages also recently commented on MBUU. BidaskClub downgraded Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a research report on Saturday, August 12th. B. Riley cut Malibu Boats to a “neutral” rating and set a $25.25 price objective on the stock. in a report on Monday, August 28th. KeyCorp reissued an “overweight” rating and set a $31.00 price objective on shares of Malibu Boats in a report on Wednesday, August 30th. Finally, ValuEngine raised Malibu Boats from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $32.06.

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

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results on Thursday, September 7th. The company reported $0.43 EPS for the quarter, beating 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 business had revenue of $75.11 million during the quarter, compared to analyst estimates of $73.35 million. During the same period in the prior year, the firm posted $0.38 EPS. Malibu Boats’s quarterly revenue was up 12.6% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Malibu Boats during the second quarter valued at approximately $116,000. Susquehanna International Group LLP bought a new stake in shares of Malibu Boats in the 2nd quarter valued at approximately $200,000. Stevens Capital Management LP bought a new stake in shares of Malibu Boats in the 2nd quarter valued at approximately $201,000. Laurion Capital Management LP purchased a new stake in shares of Malibu Boats in the second quarter worth approximately $211,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Malibu Boats in the second quarter worth approximately $211,000. 90.09% of the stock is owned by hedge funds and other institutional investors.

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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