Zacks: Analysts Expect Malibu Boats, Inc. (NASDAQ:MBUU) Will Announce Quarterly Sales of $302.05 Million

Equities analysts expect Malibu Boats, Inc. (NASDAQ:MBUU – Get Rating) to report $302.05 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Malibu Boats’ earnings. The lowest sales estimate is $293.30 million and the highest is $307.10 million. Malibu Boats posted sales of $273.16 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.6%. The company is expected to issue its next quarterly earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Malibu Boats will report full-year sales of $1.14 billion for the current year, with estimates ranging from $1.13 billion to $1.14 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.27 billion, with estimates ranging from $1.24 billion to $1.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Malibu Boats.

Malibu Boats (NASDAQ:MBUU – Get Rating) last announced its quarterly earnings data on Tuesday, February 8th. The company reported $1.44 EPS for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.13. The company had revenue of $263.89 million during the quarter, compared to the consensus estimate of $260.61 million. Malibu Boats had a return on equity of 34.72% and a net margin of 11.65%. The company’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter last year, the company earned $1.13 EPS.

MBUU has been the subject of several analyst reports. StockNews.com initiated coverage on Malibu Boats in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research upgraded Malibu Boats from a “sell” rating to a “hold” rating in a research report on Tuesday, February 15th. Truist Financial cut their target price on Malibu Boats from $88.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, January 26th. Robert W. Baird cut their price objective on Malibu Boats from $90.00 to $80.00 in a research report on Wednesday, January 19th. Finally, Raymond James lifted their price objective on Malibu Boats from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, February 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Malibu Boats currently has an average rating of “Buy” and a consensus price target of $85.75.

Malibu Boats stock opened at $53.96 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.14 and a quick ratio of 0.39. The company has a market capitalization of $1.13 billion, a PE ratio of 9.15 and a beta of 1.61. Malibu Boats has a one year low of $48.51 and a one year high of $88.99. The business has a 50 day simple moving average of $57.48 and a 200 day simple moving average of $64.54.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. increased its stake in shares of Malibu Boats by 18.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 6,320 shares of the company’s stock valued at $393,000 after buying an additional 970 shares during the period. Victory Capital Management Inc. increased its stake in shares of Malibu Boats by 1.7% in the 1st quarter. Victory Capital Management Inc. now owns 24,549 shares of the company’s stock valued at $1,368,000 after buying an additional 414 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Malibu Boats by 13.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 45,822 shares of the company’s stock valued at $2,658,000 after buying an additional 5,328 shares during the period. NBW Capital LLC increased its stake in shares of Malibu Boats by 0.3% in the 1st quarter. NBW Capital LLC now owns 90,127 shares of the company’s stock valued at $5,228,000 after buying an additional 271 shares during the period. Finally, FDx Advisors Inc. increased its stake in shares of Malibu Boats by 40.2% in the 1st quarter. FDx Advisors Inc. now owns 4,521 shares of the company’s stock valued at $262,000 after buying an additional 1,297 shares during the period. 92.42% of the stock is owned by institutional investors.

Malibu Boats Company Profile (Get Rating)

Malibu Boats, Inc engages in the design, engineering, manufacturing, marketing, and sale of a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company offers performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.

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