Malibu Boats (NASDAQ:MBUU) issued its quarterly earnings data on Friday. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04, Morningstar.com reports. Malibu Boats had a net margin of 9.42% and a return on equity of 54.78%. The company had revenue of $114.37 million for the quarter, compared to analysts’ expectations of $108.84 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Malibu Boats’s revenue for the quarter was up 69.0% on a year-over-year basis.

Malibu Boats (NASDAQ:MBUU) traded up $3.40 during mid-day trading on Friday, reaching $33.40. 747,565 shares of the company traded hands, compared to its average volume of 174,524. The firm has a market capitalization of $680.49, a price-to-earnings ratio of 34.08, a price-to-earnings-growth ratio of 1.14 and a beta of 1.07. The company has a current ratio of 1.46, a quick ratio of 0.71 and a debt-to-equity ratio of 0.94. Malibu Boats has a 1-year low of $20.21 and a 1-year high of $34.88.

MBUU has been the topic of several analyst reports. KeyCorp reissued a “buy” rating and issued a $31.00 price objective on shares of Malibu Boats in a research note on Friday, October 20th. Zacks Investment Research cut shares of Malibu Boats from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Wells Fargo & Co reissued an “outperform” rating and issued a $36.00 price objective (up previously from $30.00) on shares of Malibu Boats in a research note on Wednesday, November 8th. B. Riley reissued a “neutral” rating and issued a $29.50 price objective (up previously from $25.50) on shares of Malibu Boats in a research note on Monday, November 6th. Finally, SunTrust Banks reissued a “buy” rating and issued a $34.00 price objective on shares of Malibu Boats in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $33.44.

In related news, COO Ritchie L. Anderson sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $31.15, for a total value of $467,250.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Wayne R. Wilson sold 35,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $31.20, for a total transaction of $1,092,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,497 shares of company stock worth $2,853,897. 3.50% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in MBUU. Tower Research Capital LLC TRC lifted its holdings in Malibu Boats by 126.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,445 shares of the company’s stock valued at $133,000 after buying an additional 2,485 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Malibu Boats during the second quarter valued at about $200,000. Alliancebernstein L.P. acquired a new position in shares of Malibu Boats during the second quarter valued at about $269,000. Voya Investment Management LLC raised its holdings in shares of Malibu Boats by 14.9% during the second quarter. Voya Investment Management LLC now owns 10,529 shares of the company’s stock valued at $272,000 after purchasing an additional 1,366 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Malibu Boats during the third quarter valued at about $288,000.

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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 for Malibu Boats (NASDAQ:MBUU)

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