Wall Street analysts expect that MarineMax Inc (NYSE:HZO) will post ($0.01) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for MarineMax’s earnings. The highest EPS estimate is $0.03 and the lowest is ($0.05). MarineMax reported earnings per share of $0.11 during the same quarter last year, which would suggest a negative year-over-year growth rate of 109.1%. The company is expected to announce its next earnings report on Tuesday, January 23rd.

According to Zacks, analysts expect that MarineMax will report full-year earnings of $1.17 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.20. For the next fiscal year, analysts anticipate that the business will post earnings of $1.33 per share, with EPS estimates ranging from $1.24 to $1.39. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow MarineMax.

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

HZO has been the subject of a number of analyst reports. B. Riley restated a “buy” rating and set a $19.75 price objective on shares of MarineMax in a research note on Wednesday, September 20th. Citigroup upped their price objective on MarineMax from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Forward View cut MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Craig Hallum set a $21.00 price objective on MarineMax and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Finally, CL King initiated coverage on MarineMax in a research note on Monday, November 13th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. MarineMax has an average rating of “Hold” and a consensus target price of $21.00.

Shares of MarineMax (NYSE:HZO) traded down $0.10 during midday trading on Monday, hitting $19.60. The company had a trading volume of 296,300 shares, compared to its average volume of 253,067. The stock has a market cap of $519.41, a PE ratio of 20.63, a P/E/G ratio of 0.56 and a beta of 1.05. MarineMax has a 1 year low of $13.80 and a 1 year high of $23.65.

In other MarineMax news, Chairman William H. Mcgill, Jr. sold 35,000 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $21.03, for a total value of $736,050.00. Following the completion of the sale, the chairman now directly owns 281,640 shares in the company, valued at $5,922,889.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William H. Mcgill, Jr. sold 5,400 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $22.00, for a total value of $118,800.00. Following the completion of the sale, the chief executive officer now owns 262,142 shares of the company’s stock, valued at $5,767,124. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,900 shares of company stock valued at $2,083,440. 4.40% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA increased its holdings in shares of MarineMax by 58.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,348 shares of the specialty retailer’s stock valued at $144,000 after purchasing an additional 2,699 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of MarineMax in the third quarter valued at about $182,000. CAPROCK Group Inc. acquired a new position in shares of MarineMax in the third quarter valued at about $213,000. Crossmark Global Holdings Inc. acquired a new position in shares of MarineMax in the third quarter valued at about $232,000. Finally, Gabelli Funds LLC acquired a new position in shares of MarineMax in the third quarter valued at about $248,000. Institutional investors own 88.30% of the company’s stock.

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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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Earnings History and Estimates for MarineMax (NYSE:HZO)

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