Malibu Boats (MBUU) Announces Earnings Results

Malibu Boats (NASDAQ:MBUU) posted its quarterly earnings results on Friday. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.04, Morningstar.com reports. The firm had revenue of $114.37 million during the quarter, compared to the consensus estimate of $108.84 million. Malibu Boats had a return on equity of 54.78% and a net margin of 9.42%. The business’s revenue was up 69.0% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share.

Malibu Boats (NASDAQ MBUU) opened at $33.40 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.46. Malibu Boats has a one year low of $20.21 and a one year high of $34.88. The company has a market capitalization of $680.49, a P/E ratio of 18.45, a PEG ratio of 1.14 and a beta of 1.07.

In other news, COO Ritchie L. Anderson sold 15,000 shares of Malibu Boats stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $31.15, for a total transaction of $467,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Deborah S. Kent sold 1,497 shares of Malibu Boats stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $31.16, for a total value of $46,646.52. The disclosure for this sale can be found here. Insiders have sold a total of 91,497 shares of company stock valued at $2,853,897 over the last quarter. 3.50% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. boosted its stake in shares of Malibu Boats by 13.7% during the 4th quarter. American International Group Inc. now owns 13,725 shares of the company’s stock worth $408,000 after acquiring an additional 1,652 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Malibu Boats during the 4th quarter worth approximately $1,121,000. Tower Research Capital LLC TRC boosted its stake in shares of Malibu Boats by 126.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,445 shares of the company’s stock worth $133,000 after acquiring an additional 2,485 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Malibu Boats by 20.1% during the 4th quarter. Wells Fargo & Company MN now owns 158,156 shares of the company’s stock worth $4,702,000 after acquiring an additional 26,460 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Malibu Boats by 15.0% during the 4th quarter. First Trust Advisors LP now owns 18,160 shares of the company’s stock worth $540,000 after acquiring an additional 2,371 shares during the period.

A number of research firms have weighed in on MBUU. SunTrust Banks restated a “buy” rating and issued a $37.00 price target on shares of Malibu Boats in a research note on Friday. KeyCorp set a $38.00 price target on Malibu Boats and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research downgraded Malibu Boats from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded Malibu Boats from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, BidaskClub upgraded Malibu Boats from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $33.44.

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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.

Earnings History for Malibu Boats (NASDAQ:MBUU)

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