SunTrust Banks Brokers Boost Earnings Estimates for Malibu Boats, Inc. (NASDAQ:MBUU)

Malibu Boats, Inc. (NASDAQ:MBUU) – Analysts at SunTrust Banks increased their FY2017 EPS estimates for Malibu Boats in a research note issued to investors on Wednesday. SunTrust Banks analyst M. Swartz now expects that the company will post earnings of $1.50 per share for the year, up from their previous forecast of $1.47. SunTrust Banks also issued estimates for Malibu Boats’ Q4 2017 earnings at $0.41 EPS.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Malibu Boats from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research note on Saturday. B. Riley reiterated a “buy” rating and set a $26.00 target price on shares of Malibu Boats in a research note on Monday, May 8th. BMO Capital Markets reiterated a “hold” rating and set a $22.00 target price on shares of Malibu Boats in a research note on Thursday, May 4th. BidaskClub downgraded shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Finally, ValuEngine upgraded shares of Malibu Boats from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Malibu Boats has an average rating of “Buy” and a consensus target price of $25.40.

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Shares of Malibu Boats (NASDAQ:MBUU) opened at 25.39 on Thursday. The stock has a 50 day moving average price of $27.30 and a 200-day moving average price of $23.48. The firm has a market cap of $455.24 million, a PE ratio of 20.31 and a beta of 0.98. Malibu Boats has a 52-week low of $12.35 and a 52-week high of $29.50.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Chicago Equity Partners LLC boosted its position in shares of Malibu Boats by 111.6% in the first quarter. Chicago Equity Partners LLC now owns 47,155 shares of the company’s stock worth $1,059,000 after buying an additional 24,865 shares during the period. LSV Asset Management bought a new position in shares of Malibu Boats during the first quarter worth about $237,000. Wells Fargo & Company MN boosted its position in shares of Malibu Boats by 7.3% in the first quarter. Wells Fargo & Company MN now owns 158,500 shares of the company’s stock worth $3,558,000 after buying an additional 10,736 shares during the period. Punch & Associates Investment Management Inc. boosted its position in shares of Malibu Boats by 0.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 562,599 shares of the company’s stock worth $12,630,000 after buying an additional 2,235 shares during the period. Finally, Moody Aldrich Partners LLC bought a new position in shares of Malibu Boats during the first quarter worth about $397,000. 99.81% of the stock is owned by hedge funds and other institutional investors.

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.

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

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