MarineMax, Inc. (HZO) to Release Earnings on Monday
MarineMax, Inc. (NYSE:HZO) is scheduled to be posting its quarterly earnings results before the market opens on Monday, October 30th. Analysts expect MarineMax to post earnings of $0.21 per share for the quarter.
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 consensus estimate of $0.68 by ($0.11). The business had revenue of $329.80 million during the quarter, compared to the consensus estimate of $383.01 million. MarineMax had a net margin of 2.45% and a return on equity of 7.53%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS. On average, analysts expect MarineMax to post $0.89 EPS for the current fiscal year and $1.14 EPS for the next fiscal year.
MarineMax, Inc. (HZO) opened at 17.00 on Monday. The company has a market cap of $412.69 million, a price-to-earnings ratio of 17.00 and a beta of 0.97. The stock has a 50 day moving average of $16.27 and a 200 day moving average of $17.79. MarineMax, Inc. has a 52 week low of $13.80 and a 52 week high of $23.65.
MarineMax announced that its Board of Directors has approved a stock buyback plan on Wednesday, August 2nd that authorizes the company to repurchase 2,000,000 outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
Several analysts recently commented on the company. B. Riley reiterated a “buy” rating and issued a $20.00 target price on shares of MarineMax in a report on Friday, July 21st. Ifs Securities reiterated a “strong-buy” rating and issued a $20.00 target price on shares of MarineMax in a report on Thursday, August 24th. TheStreet cut MarineMax from a “b” rating to a “c+” rating in a report on Wednesday, July 26th. Citigroup Inc. upped their target price on MarineMax from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Finally, BidaskClub cut MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. MarineMax presently has an average rating of “Buy” and a consensus target price of $21.79.
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In related news, Director Hilliard M. Eure sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $16.00, for a total value of $40,000.00. Following the sale, the director now directly owns 14,000 shares in the company, valued at $224,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dean S. Woodman sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $15.00, for a total value of $45,000.00. Following the completion of the sale, the director now owns 15,193 shares in the company, valued at $227,895. The disclosure for this sale can be found here. Insiders sold 10,500 shares of company stock worth $167,500 over the last quarter. 5.00% of the stock is currently owned by company insiders.
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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