Brokers Set Expectations for Malibu Boats, Inc.’s Q4 2024 Earnings (NASDAQ:MBUU)

Malibu Boats, Inc. (NASDAQ:MBUU) – Equities research analysts at B. Riley decreased their Q4 2024 earnings per share (EPS) estimates for Malibu Boats in a note issued to investors on Wednesday, July 10th. B. Riley analyst E. Wold now anticipates that the company will post earnings per share of ($0.37) for the quarter, down from their previous forecast of ($0.33). B. Riley has a “Neutral” rating and a $35.00 price target on the stock. The consensus estimate for Malibu Boats’ current full-year earnings is $1.82 per share. B. Riley also issued estimates for Malibu Boats’ Q1 2025 earnings at $0.13 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.90 EPS, Q4 2025 earnings at $0.84 EPS, FY2025 earnings at $2.49 EPS and FY2026 earnings at $3.61 EPS.

Other research analysts have also issued research reports about the company. KeyCorp cut their price target on Malibu Boats from $50.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Benchmark assumed coverage on Malibu Boats in a report on Wednesday, May 22nd. They issued a “buy” rating and a $44.00 price target on the stock. Robert W. Baird cut their price target on Malibu Boats from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. StockNews.com lowered Malibu Boats from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Raymond James lowered Malibu Boats from an “outperform” rating to a “market perform” rating in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Malibu Boats has an average rating of “Hold” and a consensus price target of $41.14.

Malibu Boats Stock Up 3.7 %

Shares of NASDAQ:MBUU opened at $33.87 on Friday. The business’s 50 day simple moving average is $35.36 and its two-hundred day simple moving average is $41.08. The firm has a market cap of $692.30 million, a P/E ratio of -12.69 and a beta of 1.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 1.67. Malibu Boats has a 52-week low of $30.20 and a 52-week high of $60.72.

Malibu Boats (NASDAQ:MBUU) last released its earnings results on Thursday, May 2nd. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.40 by $0.14. The business had revenue of $203.42 million during the quarter, compared to analysts’ expectations of $205.83 million. Malibu Boats had a positive return on equity of 18.01% and a negative net margin of 5.19%.

Institutional Investors Weigh In On Malibu Boats

A number of hedge funds have recently made changes to their positions in the business. Cooke & Bieler LP grew its position in Malibu Boats by 35.2% during the fourth quarter. Cooke & Bieler LP now owns 920,761 shares of the company’s stock valued at $50,476,000 after buying an additional 239,707 shares during the period. Lord Abbett & CO. LLC grew its position in shares of Malibu Boats by 231.4% during the 1st quarter. Lord Abbett & CO. LLC now owns 312,731 shares of the company’s stock valued at $13,535,000 after acquiring an additional 218,378 shares during the period. Ziegler Capital Management LLC purchased a new stake in shares of Malibu Boats during the 4th quarter worth approximately $2,956,000. Wellington Management Group LLP raised its holdings in shares of Malibu Boats by 315.0% in the 4th quarter. Wellington Management Group LLP now owns 64,741 shares of the company’s stock worth $3,549,000 after purchasing an additional 49,141 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in Malibu Boats by 14.7% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 365,540 shares of the company’s stock valued at $20,039,000 after purchasing an additional 46,714 shares during the last quarter. 91.35% of the stock is currently owned by institutional investors.

Insider Activity

In other Malibu Boats news, Director Mark W. Lanigan purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were acquired at an average cost of $33.43 per share, for a total transaction of $668,600.00. Following the completion of the acquisition, the director now owns 73,368 shares of the company’s stock, valued at approximately $2,452,692.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.62% of the company’s stock.

About Malibu Boats

Malibu Boats, Inc designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company provides performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.