Equities analysts expect MarineMax Inc (NYSE:HZO) to post earnings per share of $0.12 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for MarineMax’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.03. MarineMax posted earnings of $0.23 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 47.8%. The firm is expected to report its next quarterly earnings results on Wednesday, January 23rd.
According to Zacks, analysts expect that MarineMax will report full year earnings of $1.89 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.97. For the next year, analysts expect that the company will report earnings of $2.11 per share, with EPS estimates ranging from $1.98 to $2.17. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow MarineMax.
MarineMax (NYSE:HZO) last issued its quarterly earnings data on Tuesday, October 30th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.22. MarineMax had a return on equity of 11.97% and a net margin of 3.34%. The firm had revenue of $308.59 million during the quarter, compared to the consensus estimate of $273.60 million. During the same quarter in the previous year, the company posted $0.22 EPS. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year.
A number of equities research analysts recently commented on the company. Raymond James upped their price objective on MarineMax from $24.00 to $28.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 31st. Wedbush upped their price objective on MarineMax from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, October 31st. Craig Hallum set a $22.00 price objective on MarineMax and gave the company a “hold” rating in a report on Tuesday, October 30th. B. Riley upgraded MarineMax from a “neutral” rating to a “buy” rating and upped their price objective for the company from $23.50 to $27.00 in a report on Friday, July 27th. Finally, ValuEngine upgraded MarineMax from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $27.00.
Shares of HZO stock traded down $0.28 on Friday, reaching $23.78. 15,132 shares of the stock were exchanged, compared to its average volume of 316,819. The company has a market cap of $651.43 million, a P/E ratio of 13.99 and a beta of 0.94. MarineMax has a one year low of $16.40 and a one year high of $26.11.
In other MarineMax news, Director Dean S. Woodman sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $25.97, for a total value of $259,700.00. Following the completion of the transaction, the director now directly owns 23,844 shares of the company’s stock, valued at $619,228.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider William H. Mcgill, Jr. sold 8,525 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $26.06, for a total value of $222,161.50. Following the completion of the transaction, the insider now directly owns 269,515 shares of the company’s stock, valued at $7,023,560.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,300 shares of company stock valued at $3,324,713. Insiders own 4.40% of the company’s stock.
A number of large investors have recently bought and sold shares of HZO. Pacer Advisors Inc. acquired a new position in shares of MarineMax during the third quarter worth about $105,000. SG Americas Securities LLC acquired a new position in shares of MarineMax during the third quarter worth about $128,000. Louisiana State Employees Retirement System acquired a new position in shares of MarineMax during the second quarter worth about $190,000. Trexquant Investment LP acquired a new position in shares of MarineMax during the second quarter worth about $202,000. Finally, Globeflex Capital L P acquired a new position in shares of MarineMax during the third quarter worth about $259,000. 88.04% of the stock is owned by hedge funds and other institutional investors.
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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