Malibu Boats, Inc. (NASDAQ:MBUU) – Equities researchers at SunTrust Banks increased their Q2 2018 earnings estimates for Malibu Boats in a research report issued to clients and investors on Friday. SunTrust Banks analyst M. Swartz now expects that the company will post earnings per share of $0.47 for the quarter, up from their previous estimate of $0.45. SunTrust Banks currently has a “Buy” rating and a $34.00 target price on the stock. SunTrust Banks also issued estimates for Malibu Boats’ FY2018 earnings at $1.97 EPS and FY2019 earnings at $2.17 EPS.

Malibu Boats (NASDAQ:MBUU) last announced its earnings results on Tuesday, November 7th. The company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.09. Malibu Boats had a net margin of 9.42% and a return on equity of 54.78%.

A number of other analysts have also recently commented on the stock. KeyCorp reiterated a “buy” rating and issued a $31.00 price target on shares of Malibu Boats in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research note on Saturday, November 11th. BMO Capital Markets reiterated a “buy” rating and issued a $32.00 price target on shares of Malibu Boats in a research note on Friday, October 13th. BidaskClub cut shares of Malibu Boats from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $36.00 price target (up previously from $30.00) on shares of Malibu Boats in a research note on Wednesday, November 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $32.31.

Shares of Malibu Boats (NASDAQ:MBUU) opened at $29.76 on Monday. The company has a market cap of $606.33, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.46 and a quick ratio of 0.71. Malibu Boats has a 12 month low of $17.17 and a 12 month high of $33.35.

In other news, VP Deborah S. Kent sold 1,497 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $31.16, for a total value of $46,646.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Wayne R. Wilson sold 35,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $31.20, for a total transaction of $1,092,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,497 shares of company stock valued at $3,964,297. Corporate insiders own 3.50% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Malibu Boats by 10.7% in the second quarter. Vanguard Group Inc. now owns 893,667 shares of the company’s stock valued at $23,120,000 after purchasing an additional 86,128 shares during the period. Lord Abbett & CO. LLC raised its position in shares of Malibu Boats by 1.9% in the second quarter. Lord Abbett & CO. LLC now owns 873,928 shares of the company’s stock valued at $22,609,000 after purchasing an additional 16,256 shares during the period. American Century Companies Inc. raised its position in shares of Malibu Boats by 42.5% in the third quarter. American Century Companies Inc. now owns 664,496 shares of the company’s stock valued at $21,025,000 after purchasing an additional 198,283 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Malibu Boats by 18.4% in the third quarter. Dimensional Fund Advisors LP now owns 572,820 shares of the company’s stock valued at $18,124,000 after purchasing an additional 89,150 shares during the period. Finally, Hood River Capital Management LLC raised its position in shares of Malibu Boats by 2.3% in the third quarter. Hood River Capital Management LLC now owns 418,103 shares of the company’s stock valued at $13,229,000 after purchasing an additional 9,461 shares during the period.

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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 and Estimates for Malibu Boats (NASDAQ:MBUU)

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