Wall Street analysts predict that MarineMax Inc (NYSE:HZO) will announce earnings per share of $0.91 for the current quarter, Zacks reports. Six analysts have provided estimates for MarineMax’s earnings, with the highest EPS estimate coming in at $1.00 and the lowest estimate coming in at $0.82. MarineMax posted earnings of $0.79 per share during the same quarter last year, which would indicate a positive year over year growth rate of 15.2%. The company is expected to announce its next earnings results on Thursday, July 25th.
On average, analysts expect that MarineMax will report full year earnings of $1.79 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.85. For the next financial year, analysts forecast that the firm will report earnings of $2.02 per share, with EPS estimates ranging from $1.94 to $2.10. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover MarineMax.
MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.08). The business had revenue of $303.59 million during the quarter, compared to the consensus estimate of $290.24 million. MarineMax had a net margin of 3.22% and a return on equity of 10.93%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $0.27 earnings per share.
Several research firms recently issued reports on HZO. Zacks Investment Research raised MarineMax from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 27th. ValuEngine raised MarineMax from a “strong sell” rating to a “sell” rating in a research report on Monday, June 24th. TheStreet lowered shares of MarineMax from a “b-” rating to a “c+” rating in a research note on Wednesday, May 8th. Finally, Northcoast Research reiterated a “buy” rating on shares of MarineMax in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. MarineMax has an average rating of “Buy” and a consensus price target of $26.34.
HZO stock traded up $0.21 during midday trading on Friday, hitting $16.69. The company’s stock had a trading volume of 9,286 shares, compared to its average volume of 278,148. The stock has a market capitalization of $454.66 million, a P/E ratio of 9.82 and a beta of 0.88. MarineMax has a 12 month low of $15.34 and a 12 month high of $26.11. The business has a 50-day simple moving average of $16.39.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Comerica Bank raised its stake in MarineMax by 3.3% during the 1st quarter. Comerica Bank now owns 22,508 shares of the specialty retailer’s stock valued at $437,000 after buying an additional 717 shares during the last quarter. Texas Permanent School Fund increased its stake in shares of MarineMax by 5.6% in the 4th quarter. Texas Permanent School Fund now owns 14,957 shares of the specialty retailer’s stock worth $274,000 after purchasing an additional 792 shares in the last quarter. Rhumbline Advisers increased its stake in shares of MarineMax by 1.5% in the 1st quarter. Rhumbline Advisers now owns 76,357 shares of the specialty retailer’s stock worth $1,463,000 after purchasing an additional 1,121 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of MarineMax by 1.2% in the 4th quarter. Victory Capital Management Inc. now owns 100,350 shares of the specialty retailer’s stock worth $1,837,000 after purchasing an additional 1,222 shares in the last quarter. Finally, Alps Advisors Inc. increased its stake in shares of MarineMax by 4.2% in the 1st quarter. Alps Advisors Inc. now owns 37,013 shares of the specialty retailer’s stock worth $709,000 after purchasing an additional 1,478 shares in the last quarter. Institutional investors and hedge funds own 91.93% of the company’s stock.
MarineMax Company Profile
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.
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