$0.71 Earnings Per Share Expected for Malibu Boats Inc (MBUU) This Quarter
Equities analysts expect that Malibu Boats Inc (NASDAQ:MBUU) will post earnings per share of $0.71 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Malibu Boats’ earnings. The highest EPS estimate is $0.72 and the lowest is $0.70. Malibu Boats reported earnings of $0.49 per share in the same quarter last year, which would indicate a positive year over year growth rate of 44.9%. The firm is scheduled to report its next earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Malibu Boats will report full year earnings of $2.25 per share for the current year, with EPS estimates ranging from $2.20 to $2.30. For the next year, analysts anticipate that the company will post earnings of $2.62 per share, with EPS estimates ranging from $2.52 to $2.70. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Malibu Boats.
Malibu Boats (NASDAQ:MBUU) last issued its earnings results on Friday, February 9th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.04. Malibu Boats had a net margin of 4.64% and a return on equity of 44.97%. The company had revenue of $114.37 million for the quarter, compared to the consensus estimate of $108.84 million. During the same quarter in the previous year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 69.0% compared to the same quarter last year.
In related news, CEO Jackie D. Jr. Springer sold 40,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $31.20, for a total transaction of $1,248,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Dan L. Gasper sold 15,000 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $34.15, for a total transaction of $512,250.00. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of MBUU. Lazard Asset Management LLC lifted its position in Malibu Boats by 87.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,521,832 shares of the company’s stock worth $45,244,000 after buying an additional 707,932 shares in the last quarter. Hillcrest Asset Management LLC acquired a new position in Malibu Boats during the 4th quarter valued at about $10,329,000. American Century Companies Inc. lifted its position in Malibu Boats by 42.5% during the 3rd 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. Cooke & Bieler LP lifted its position in Malibu Boats by 53.8% during the 4th quarter. Cooke & Bieler LP now owns 562,750 shares of the company’s stock valued at $16,731,000 after purchasing an additional 196,930 shares during the period. Finally, Thomson Horstmann & Bryant Inc. acquired a new position in Malibu Boats during the 4th quarter valued at about $3,729,000. Institutional investors and hedge funds own 98.27% of the company’s stock.
Shares of Malibu Boats (MBUU) traded up $0.29 during trading hours on Thursday, hitting $34.93. 153,712 shares of the stock traded hands, compared to its average volume of 246,075. Malibu Boats has a 52 week low of $20.52 and a 52 week high of $36.81. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.70 and a quick ratio of 0.92. The firm has a market cap of $716.41, a P/E ratio of 19.30, a PEG ratio of 1.06 and a beta of 1.07.
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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