Analysts Offer Predictions for MarineMax, Inc.’s Q1 2018 Earnings (NYSE:HZO)
MarineMax, Inc. (NYSE:HZO) – Craig Hallum issued their Q1 2018 earnings per share (EPS) estimates for shares of MarineMax in a research note issued on Thursday. Craig Hallum analyst S. Dyer anticipates that the specialty retailer will post earnings of $0.08 per share for the quarter. Craig Hallum also issued estimates for MarineMax’s Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.70 EPS and Q4 2018 earnings at $0.31 EPS.
A number of other research firms also recently commented on HZO. B. Riley reiterated a “buy” rating and issued a $20.00 target price on shares of MarineMax in a report on Friday. Zacks Investment Research downgraded shares of MarineMax from a “buy” rating to a “hold” rating in a report on Tuesday, March 28th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $25.00 target price (down from $26.00) on shares of MarineMax in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $23.33.
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MarineMax (NYSE HZO) opened at 14.65 on Monday. The firm has a 50-day moving average of $18.89 and a 200-day moving average of $20.19. MarineMax has a one year low of $14.40 and a one year high of $23.65. The stock has a market capitalization of $356.52 million, a PE ratio of 14.65 and a beta of 1.04.
MarineMax (NYSE:HZO) last issued its earnings results on Thursday, July 20th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.11. MarineMax had a net margin of 2.45% and a return on equity of 7.53%. The company had revenue of $329.80 million during the quarter, compared to analysts’ expectations of $383.01 million. During the same period last year, the business posted $0.57 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis.
Hedge funds have recently added to or reduced their stakes in the company. Eagle Asset Management Inc. increased its stake in MarineMax by 14.1% in the first quarter. Eagle Asset Management Inc. now owns 3,184,400 shares of the specialty retailer’s stock worth $68,942,000 after buying an additional 392,654 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in MarineMax by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,197,121 shares of the specialty retailer’s stock worth $47,568,000 after buying an additional 19,177 shares in the last quarter. Impala Asset Management LLC raised its stake in MarineMax by 0.3% in the first quarter. Impala Asset Management LLC now owns 1,513,742 shares of the specialty retailer’s stock worth $32,773,000 after buying an additional 3,788 shares in the last quarter. Vanguard Group Inc. raised its stake in MarineMax by 7.8% in the first quarter. Vanguard Group Inc. now owns 1,295,884 shares of the specialty retailer’s stock worth $28,055,000 after buying an additional 93,220 shares in the last quarter. Finally, State Street Corp raised its stake in MarineMax by 6.7% in the first quarter. State Street Corp now owns 666,505 shares of the specialty retailer’s stock worth $14,431,000 after buying an additional 41,706 shares in the last quarter. Institutional investors and hedge funds own 90.91% of the company’s stock.
MarineMax Company Profile
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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