Malibu Boats Inc (NASDAQ:MBUU) – Stock analysts at KeyCorp increased their Q2 2019 earnings estimates for Malibu Boats in a research report issued on Tuesday, November 6th. KeyCorp analyst B. Andress now forecasts that the company will post earnings per share of $0.71 for the quarter, up from their previous forecast of $0.70. KeyCorp also issued estimates for Malibu Boats’ Q3 2019 earnings at $1.05 EPS, Q4 2019 earnings at $0.95 EPS and FY2019 earnings at $3.37 EPS.
Malibu Boats (NASDAQ:MBUU) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.13. Malibu Boats had a return on equity of 47.34% and a net margin of 6.39%. The company had revenue of $123.50 million for the quarter, compared to analyst estimates of $113.67 million. During the same quarter last year, the firm earned $0.31 EPS. Malibu Boats’s revenue for the quarter was up 19.3% compared to the same quarter last year.
Shares of NASDAQ:MBUU traded down $1.81 during trading on Friday, hitting $48.42. 11,686 shares of the stock were exchanged, compared to its average volume of 264,459. Malibu Boats has a 1-year low of $27.44 and a 1-year high of $59.57. The firm has a market capitalization of $1.01 billion, a PE ratio of 19.21, a PEG ratio of 1.03 and a beta of 1.45. The company has a current ratio of 2.05, a quick ratio of 1.37 and a debt-to-equity ratio of 0.78.
In other Malibu Boats news, CEO Jackie D. Jr. Springer sold 95,985 shares of Malibu Boats stock in a transaction on Monday, September 10th. The stock was sold at an average price of $52.81, for a total value of $5,068,967.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Clair William Paxson St, Jr. sold 15,000 shares of Malibu Boats stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $52.60, for a total value of $789,000.00. Following the completion of the transaction, the insider now owns 24,262 shares of the company’s stock, valued at approximately $1,276,181.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 215,823 shares of company stock valued at $11,390,169. Corporate insiders own 3.35% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Catalyst Capital Advisors LLC raised its position in shares of Malibu Boats by 14.5% during the third quarter. Catalyst Capital Advisors LLC now owns 26,900 shares of the company’s stock worth $1,472,000 after acquiring an additional 3,400 shares during the last quarter. ClariVest Asset Management LLC bought a new stake in shares of Malibu Boats during the third quarter worth $215,000. JPMorgan Chase & Co. raised its position in shares of Malibu Boats by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 721,724 shares of the company’s stock worth $39,493,000 after acquiring an additional 5,665 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Malibu Boats during the third quarter worth $3,294,000. Finally, Cadence Capital Management LLC raised its position in shares of Malibu Boats by 20.0% during the third quarter. Cadence Capital Management LLC now owns 44,887 shares of the company’s stock worth $2,456,000 after acquiring an additional 7,493 shares during the last quarter. Hedge funds and other institutional investors own 97.30% of the company’s stock.
Malibu Boats Company Profile
Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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