MarineMax Inc (NYSE:HZO) – Investment analysts at B. Riley dropped their Q1 2019 earnings per share estimates for shares of MarineMax in a research report issued to clients and investors on Wednesday, October 31st. B. Riley analyst E. Wold now forecasts that the specialty retailer will post earnings of $0.07 per share for the quarter, down from their prior forecast of $0.14. B. Riley currently has a “Buy” rating and a $30.00 target price on the stock. B. Riley also issued estimates for MarineMax’s Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.94 EPS, FY2019 earnings at $1.85 EPS, Q2 2020 earnings at $0.31 EPS, Q3 2020 earnings at $1.00 EPS and FY2020 earnings at $1.98 EPS.
MarineMax (NYSE:HZO) last announced its quarterly earnings results on Tuesday, October 30th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.22. The firm had revenue of $308.59 million for the quarter, compared to the consensus estimate of $273.60 million. MarineMax had a net margin of 3.34% and a return on equity of 11.97%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share.
HZO has been the topic of several other reports. Raymond James increased their price objective on shares of MarineMax from $24.00 to $28.00 and gave the company a “strong-buy” rating in a report on Wednesday. Wedbush increased their price objective on shares of MarineMax from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday. Craig Hallum set a $22.00 price objective on shares of MarineMax and gave the company a “hold” rating in a report on Tuesday. ValuEngine raised shares of MarineMax from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Zacks Investment Research downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $26.00.
HZO opened at $24.84 on Thursday. The firm has a market cap of $614.19 million, a price-to-earnings ratio of 13.23 and a beta of 0.94. MarineMax has a 52-week low of $16.40 and a 52-week high of $25.14.
In other MarineMax news, Director Joseph Allen Watters sold 2,500 shares of the stock in a transaction on Monday, October 1st. The shares were sold at an average price of $21.17, for a total transaction of $52,925.00. Following the transaction, the director now directly owns 62,413 shares of the company’s stock, valued at $1,321,283.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 5.00% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System acquired a new stake in shares of MarineMax in the second quarter valued at about $190,000. Trexquant Investment LP acquired a new stake in shares of MarineMax in the second quarter valued at about $202,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of MarineMax in the second quarter valued at about $285,000. Engineers Gate Manager LP acquired a new stake in shares of MarineMax in the second quarter valued at about $306,000. Finally, AlphaMark Advisors LLC raised its position in shares of MarineMax by 100.0% in the second quarter. AlphaMark Advisors LLC now owns 20,000 shares of the specialty retailer’s stock valued at $379,000 after buying an additional 10,000 shares during the last quarter. 89.20% of the stock is currently owned by institutional investors and hedge funds.
MarineMax Company Profile
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.
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