Wall Street brokerages forecast that Malibu Boats, Inc. (NASDAQ:MBUU) will post sales of $108.09 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Malibu Boats’ earnings. The lowest sales estimate is $107.40 million and the highest is $109.08 million. Malibu Boats reported sales of $67.66 million during the same quarter last year, which indicates a positive year-over-year growth rate of 59.8%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 7th.

On average, analysts expect that Malibu Boats will report full year sales of $108.09 million for the current financial year, with estimates ranging from $447.70 million to $460.93 million. For the next financial year, analysts expect that the company will post sales of $484.79 million per share, with estimates ranging from $473.40 million to $493.69 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Malibu Boats.

Several research analysts have recently weighed in on the company. B. Riley restated a “neutral” rating and issued a $25.50 price target on shares of Malibu Boats in a research note on Friday, September 8th. BMO Capital Markets upgraded Malibu Boats from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $29.00 to $32.00 in a research note on Monday, September 11th. SunTrust Banks restated a “buy” rating and issued a $32.00 price target (up previously from $30.00) on shares of Malibu Boats in a research note on Friday, September 8th. Zacks Investment Research upgraded Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research note on Thursday, September 7th. Finally, ValuEngine upgraded Malibu Boats from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Two investment 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 company. The stock presently has a consensus rating of “Buy” and a consensus price target of $32.31.

In related news, CFO Wayne R. Wilson sold 35,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $31.20, for a total transaction of $1,092,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jackie D. Jr. Springer sold 40,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $27.76, for a total value of $1,110,400.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,497 shares of company stock valued at $3,964,297. 3.50% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in Malibu Boats during the second quarter valued at $116,000. Susquehanna International Group LLP purchased a new stake in Malibu Boats during the second quarter valued at $200,000. Stevens Capital Management LP purchased a new stake in Malibu Boats during the second quarter valued at $201,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Malibu Boats during the second quarter valued at $211,000. Finally, Laurion Capital Management LP purchased a new stake in Malibu Boats during the second quarter valued at $211,000.

Malibu Boats (NASDAQ MBUU) opened at $29.73 on Monday. Malibu Boats has a one year low of $17.17 and a one year high of $33.35. The company has a quick ratio of 0.71, a current ratio of 1.46 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $605.72, a price-to-earnings ratio of 17.70, a PEG ratio of 1.02 and a beta of 1.00.

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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.

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

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