Analysts predict that MarineMax Inc (NYSE:HZO) will announce $261.38 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for MarineMax’s earnings, with the lowest sales estimate coming in at $255.00 million and the highest estimate coming in at $267.10 million. MarineMax reported sales of $245.02 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.7%. The business is scheduled to report its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that MarineMax will report full year sales of $1.14 billion for the current financial year, with estimates ranging from $1.12 billion to $1.16 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.22 billion per share, with estimates ranging from $1.19 billion to $1.23 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow MarineMax.
MarineMax (NYSE:HZO) last announced its earnings results on Wednesday, January 24th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.24. MarineMax had a net margin of 2.36% and a return on equity of 8.63%. The company had revenue of $236.92 million for the quarter, compared to the consensus estimate of $231.75 million. During the same period in the previous year, the business earned $0.11 EPS. The company’s revenue was up 4.4% on a year-over-year basis.
Several brokerages have issued reports on HZO. TheStreet downgraded shares of MarineMax from a “b” rating to a “c+” rating in a research note on Friday, January 5th. CL King raised shares of MarineMax from a “neutral” rating to a “buy” rating in a research note on Thursday, January 25th. B. Riley reaffirmed a “buy” rating and issued a $22.00 price target on shares of MarineMax in a research note on Monday, January 22nd. Northcoast Research set a $26.00 price target on shares of MarineMax and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, Zacks Investment Research raised shares of MarineMax from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $22.00.
NYSE:HZO traded down $0.20 during trading hours on Thursday, hitting $18.60. 216,736 shares of the stock traded hands, compared to its average volume of 246,306. MarineMax has a fifty-two week low of $13.80 and a fifty-two week high of $24.30. The company has a market cap of $499.64, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 0.42 and a beta of 1.06.
In other news, Director Joseph Allen Watters sold 2,500 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total value of $53,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman William H. Mcgill, Jr. sold 50,000 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $23.60, for a total transaction of $1,180,000.00. Following the completion of the transaction, the chairman now directly owns 231,742 shares in the company, valued at $5,469,111.20. The disclosure for this sale can be found here. Insiders sold 67,500 shares of company stock worth $1,566,400 over the last ninety days. 5.00% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Raymond James & Associates increased its position in MarineMax by 12.5% during the fourth quarter. Raymond James & Associates now owns 39,438 shares of the specialty retailer’s stock worth $745,000 after buying an additional 4,374 shares during the last quarter. Victory Capital Management Inc. increased its position in MarineMax by 4.4% during the fourth quarter. Victory Capital Management Inc. now owns 113,823 shares of the specialty retailer’s stock worth $2,151,000 after buying an additional 4,842 shares during the last quarter. Russell Investments Group Ltd. increased its position in MarineMax by 21.9% during the third quarter. Russell Investments Group Ltd. now owns 28,017 shares of the specialty retailer’s stock worth $464,000 after buying an additional 5,037 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in MarineMax by 69.3% during the third quarter. BNP Paribas Arbitrage SA now owns 12,442 shares of the specialty retailer’s stock worth $206,000 after buying an additional 5,094 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in MarineMax by 4.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 118,179 shares of the specialty retailer’s stock worth $1,956,000 after buying an additional 5,258 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.
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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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