Brokerages expect Malibu Boats Inc (NASDAQ:MBUU) to announce $108.44 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Malibu Boats’ earnings, with estimates ranging from $107.76 million to $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 60.3%. The firm is expected to issue its next quarterly earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that Malibu Boats will report full year sales of $108.44 million for the current financial year, with estimates ranging from $447.70 million to $460.93 million. For the next financial year, analysts forecast that the business will report sales of $486.25 million per share, with estimates ranging from $473.40 million to $493.69 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Malibu Boats.

Malibu Boats (NASDAQ:MBUU) last released its earnings results on Tuesday, November 7th. The company reported $0.40 earnings per share for the quarter, beating the 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%.

Several research firms have weighed in on MBUU. ValuEngine lowered shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. BMO Capital Markets reiterated a “buy” rating and set a $32.00 target price on shares of Malibu Boats in a research note on Friday, October 13th. SunTrust Banks reiterated a “buy” rating and set a $34.00 target price on shares of Malibu Boats in a research note on Friday, November 10th. B. Riley reiterated a “neutral” rating and set a $29.50 target price (up previously from $25.50) on shares of Malibu Boats in a research note on Monday, November 6th. Finally, Aegis started coverage on shares of Malibu Boats in a report on Monday, October 2nd. They set a “buy” rating and a $37.00 price target for the company. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $32.44.

Shares of Malibu Boats (MBUU) opened at $29.80 on Thursday. The company has a current ratio of 1.46, a quick ratio of 0.71 and a debt-to-equity ratio of 0.94. Malibu Boats has a 12 month low of $17.17 and a 12 month high of $33.35. The firm has a market cap of $607.15, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00.

In other news, VP Deborah S. Kent sold 1,497 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $31.16, for a total transaction of $46,646.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jackie D. Jr. Springer sold 40,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $27.76, for a total transaction of $1,110,400.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,497 shares of company stock valued at $3,964,297. Corporate insiders own 3.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of MBUU. SG Americas Securities LLC acquired a new stake in Malibu Boats in the second quarter worth about $116,000. Susquehanna International Group LLP acquired a new stake in Malibu Boats in the second quarter worth about $200,000. Stevens Capital Management LP acquired a new stake in Malibu Boats in the second quarter worth about $201,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Malibu Boats in the second quarter worth about $211,000. Finally, Laurion Capital Management LP acquired a new stake in Malibu Boats in the second quarter worth about $211,000.

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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.

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

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