West Marine, Inc. (WMAR) Set to Announce Quarterly Earnings on Wednesday
West Marine, Inc. (NASDAQ:WMAR) will be releasing its earnings data before the market opens on Wednesday, July 26th. Analysts expect West Marine to post earnings of $0.90 per share for the quarter.
West Marine (NASDAQ:WMAR) last posted its earnings results on Wednesday, April 26th. The specialty retailer reported ($0.29) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.07. The company had revenue of $129.10 million for the quarter, compared to analysts’ expectations of $130.88 million. West Marine had a return on equity of 2.70% and a net margin of 1.19%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business posted ($0.37) earnings per share. On average, analysts expect West Marine to post $0.37 EPS for the current fiscal year and $0.51 EPS for the next fiscal year.
Shares of West Marine, Inc. (NASDAQ:WMAR) opened at 12.84 on Wednesday. West Marine, Inc. has a 1-year low of $7.77 and a 1-year high of $12.90. The firm has a 50-day moving average price of $10.88 and a 200-day moving average price of $10.01. The company has a market capitalization of $323.14 million, a PE ratio of 38.33 and a beta of 1.30.
WMAR has been the subject of a number of recent research reports. TheStreet upgraded West Marine from a “c+” rating to a “b” rating in a research report on Thursday, April 27th. Forward View upgraded West Marine from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research downgraded West Marine from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. BidaskClub upgraded West Marine from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, B. Riley restated a “buy” rating and issued a $12.00 price target on shares of West Marine in a report on Thursday, April 27th. Five equities research analysts have rated the stock with a hold rating, West Marine has an average rating of “Hold” and an average price target of $9.99.
About West Marine
West Marine, Inc is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Company offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its customers through physical stores and two e-commerce Websites.
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