Malibu Boats Inc (MBUU) Expected to Announce Quarterly Sales of $108.44 Million
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%.
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.
TRADEMARK VIOLATION WARNING: This report was first published by Daily Political and is owned by of Daily Political. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.dailypolitical.com/2018/01/18/malibu-boats-inc-mbuu-expected-to-announce-quarterly-sales-of-108-44-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Malibu Boats Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Malibu Boats and related companies with MarketBeat.com's FREE daily email newsletter.