Brokerages expect MarineMax Inc (NYSE:HZO) to post sales of $230.81 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for MarineMax’s earnings. The lowest sales estimate is $217.50 million and the highest is $246.20 million. MarineMax posted sales of $226.88 million in the same quarter last year, which suggests a positive year over year growth rate of 1.7%. The firm is expected to issue its next quarterly earnings results on Tuesday, January 23rd.

On average, analysts expect that MarineMax will report full year sales of $230.81 million for the current fiscal year, with estimates ranging from $1.12 billion to $1.14 billion. For the next year, analysts anticipate that the company will report sales of $1.21 billion per share, with estimates ranging from $1.20 billion to $1.23 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow MarineMax.

MarineMax (NYSE:HZO) last announced its earnings results on Tuesday, October 31st. The specialty retailer reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.11. MarineMax had a return on equity of 7.82% and a net margin of 2.24%. The business had revenue of $250.62 million during the quarter, compared to analysts’ expectations of $231.96 million. During the same quarter last year, the business posted $0.18 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis.

HZO has been the subject of several research reports. CL King began coverage on MarineMax in a research note on Monday, November 13th. They set a “neutral” rating for the company. B. Riley reiterated a “buy” rating and issued a $19.75 price target on shares of MarineMax in a research report on Thursday, October 26th. Craig Hallum set a $21.00 price target on MarineMax and gave the company a “buy” rating in a research report on Tuesday, October 31st. Forward View lowered MarineMax from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Ifs Securities reiterated a “strong-buy” rating and issued a $20.00 price target on shares of MarineMax in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. MarineMax has a consensus rating of “Buy” and a consensus price target of $21.67.

In other MarineMax news, VP Michael H. Mclamb sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $21.10, for a total transaction of $211,000.00. Following the completion of the sale, the vice president now directly owns 21,500 shares in the company, valued at approximately $453,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman William H. Mcgill, Jr. sold 35,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $22.03, for a total value of $771,050.00. Following the sale, the chairman now owns 262,142 shares of the company’s stock, valued at $5,774,988.26. The disclosure for this sale can be found here. Insiders sold a total of 101,900 shares of company stock valued at $2,165,940 in the last quarter. 5.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alps Advisors Inc. boosted its position in MarineMax by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 21,619 shares of the specialty retailer’s stock worth $423,000 after acquiring an additional 56 shares during the period. Arizona State Retirement System boosted its position in MarineMax by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 12,722 shares of the specialty retailer’s stock worth $249,000 after acquiring an additional 100 shares during the period. Texas Permanent School Fund boosted its position in MarineMax by 1.2% during the 2nd quarter. Texas Permanent School Fund now owns 17,779 shares of the specialty retailer’s stock worth $348,000 after acquiring an additional 205 shares during the period. Schwab Charles Investment Management Inc. boosted its position in MarineMax by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 112,921 shares of the specialty retailer’s stock worth $2,208,000 after acquiring an additional 570 shares during the period. Finally, Nationwide Fund Advisors boosted its position in MarineMax by 3.4% during the 2nd quarter. Nationwide Fund Advisors now owns 21,030 shares of the specialty retailer’s stock worth $411,000 after acquiring an additional 690 shares during the period. Hedge funds and other institutional investors own 98.81% of the company’s stock.

MarineMax (NYSE HZO) opened at $21.10 on Thursday. MarineMax has a 52 week low of $13.80 and a 52 week high of $23.65. The firm has a market capitalization of $553.86, a PE ratio of 20.69, a P/E/G ratio of 0.60 and a beta of 1.04.

TRADEMARK VIOLATION NOTICE: This news story was reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://www.americanbankingnews.com/2017/12/14/230-81-million-in-sales-expected-for-marinemax-inc-hzo-this-quarter.html.

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.

Get a free copy of the Zacks research report on MarineMax (HZO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for MarineMax (NYSE:HZO)

Receive News & Ratings for MarineMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarineMax and related companies with MarketBeat.com's FREE daily email newsletter.