MarineMax (NYSE:HZO) will be issuing its quarterly earnings data before the market opens on Monday, January 22nd. MarineMax has set its FY18 guidance at $1.10-1.20 EPS.
MarineMax (NYSE:HZO) last announced its earnings results on Tuesday, October 31st. The specialty retailer reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. MarineMax had a return on equity of 7.82% and a net margin of 2.24%. The company had revenue of $250.62 million for the quarter, compared to analyst estimates of $231.96 million. During the same quarter in the prior year, the company earned $0.18 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, analysts expect MarineMax to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of MarineMax (NYSE:HZO) opened at $19.60 on Monday. MarineMax has a 52-week low of $13.80 and a 52-week high of $23.65. The company has a market capitalization of $520.22, a PE ratio of 20.42, a P/E/G ratio of 0.56 and a beta of 1.05.
In related news, VP Michael H. Mclamb sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $21.56, for a total transaction of $194,040.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman William H. Mcgill, Jr. sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $22.03, for a total value of $771,050.00. Following the transaction, the chairman now directly owns 262,142 shares in the company, valued at $5,774,988.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 96,900 shares of company stock worth $2,083,440. 5.00% of the stock is owned by company insiders.
HZO has been the topic of several research analyst reports. Citigroup upped their target price on MarineMax from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, October 2nd. CL King initiated coverage on MarineMax in a research report on Monday, November 13th. They set a “neutral” rating on the stock. Craig Hallum set a $21.00 target price on MarineMax and gave the company a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded MarineMax from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Wednesday, January 3rd. Finally, B. Riley restated a “buy” rating and set a $19.75 target price on shares of MarineMax in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $21.00.
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MarineMax Company Profile
MarineMax, Inc is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016.
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