Equities analysts expect that Malibu Boats, Inc. (NASDAQ:MBUU) will report $72.63 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Malibu Boats’ earnings. The highest sales estimate is $74.80 million and the lowest is $69.97 million. Malibu Boats reported sales of $66.68 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.9%. The company is scheduled to announce its next earnings report before the market opens on Thursday, September 7th.

On average, analysts expect that Malibu Boats will report full-year sales of $72.63 million for the current financial year, with estimates ranging from $276.80 million to $281.60 million. For the next fiscal year, analysts expect that the firm will post sales of $442.75 million per share, with estimates ranging from $442.10 million to $443.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Malibu Boats.

Several research analysts have recently commented on MBUU shares. BidaskClub downgraded Malibu Boats from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research raised Malibu Boats from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, May 9th. B. Riley reissued a “buy” rating and issued a $26.00 target price on shares of Malibu Boats in a report on Monday, May 8th. ValuEngine raised Malibu Boats from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $22.00 target price on shares of Malibu Boats in a report on Thursday, May 4th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $25.40.

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Malibu Boats (NASDAQ:MBUU) opened at 26.82 on Friday. The company’s 50-day moving average price is $27.37 and its 200-day moving average price is $23.97. Malibu Boats has a one year low of $12.91 and a one year high of $29.50. The stock has a market capitalization of $480.88 million, a PE ratio of 21.46 and a beta of 0.98.

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Malibu Boats by 33.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 241,270 shares of the company’s stock valued at $4,603,000 after buying an additional 60,220 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Malibu Boats by 8.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 66,225 shares of the company’s stock valued at $1,264,000 after buying an additional 5,085 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Malibu Boats by 20.0% in the fourth quarter. Teachers Advisors LLC now owns 33,651 shares of the company’s stock valued at $642,000 after buying an additional 5,606 shares during the last quarter. First Quadrant L P CA acquired a new stake in shares of Malibu Boats during the first quarter valued at approximately $395,000. Finally, Moody Aldrich Partners LLC acquired a new stake in shares of Malibu Boats during the first quarter valued at approximately $397,000. Institutional investors own 99.80% of the company’s stock.

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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