Brokerages Expect MarineMax Inc (HZO) Will Post Quarterly Sales of $230.81 Million

Analysts predict that MarineMax Inc (NYSE:HZO) will announce sales of $230.81 million for the current quarter, Zacks reports. Seven analysts have issued 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 during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.7%. The company is scheduled to announce its next earnings report on Tuesday, January 23rd.

According to Zacks, 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 financial year, analysts forecast that the business will report sales of $1.21 billion per share, with estimates ranging from $1.20 billion to $1.23 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for MarineMax.

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

A number of research firms have recently weighed in on HZO. TheStreet upgraded shares of MarineMax from a “c+” rating to a “b” rating in a report on Thursday, December 7th. CL King started coverage on shares of MarineMax in a research note on Monday, November 13th. They issued a “neutral” rating for the company. Zacks Investment Research raised shares of MarineMax from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Wednesday, January 3rd. B. Riley increased their price target on shares of MarineMax from $19.75 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Citigroup increased their price target on shares of MarineMax from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. MarineMax presently has a consensus rating of “Hold” and a consensus price target of $21.00.

In other MarineMax news, CEO William H. Mcgill, Jr. sold 5,400 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.00, for a total transaction of $118,800.00. Following the completion of the transaction, the chief executive officer now owns 262,142 shares of the company’s stock, valued at $5,767,124. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman William H. Mcgill, Jr. sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $22.03, for a total transaction of $771,050.00. Following the transaction, the chairman now directly owns 262,142 shares of the company’s stock, valued at approximately $5,774,988.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,900 shares of company stock valued at $2,083,440. 4.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Impala Asset Management LLC increased its stake in shares of MarineMax by 23.1% during the third quarter. Impala Asset Management LLC now owns 2,209,749 shares of the specialty retailer’s stock valued at $36,571,000 after purchasing an additional 413,990 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of MarineMax by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,206,573 shares of the specialty retailer’s stock valued at $43,138,000 after purchasing an additional 9,452 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of MarineMax by 4.1% during the second quarter. Vanguard Group Inc. now owns 1,349,327 shares of the specialty retailer’s stock valued at $26,380,000 after purchasing an additional 53,443 shares in the last quarter. American Century Companies Inc. increased its stake in shares of MarineMax by 51.7% during the third quarter. American Century Companies Inc. now owns 1,208,999 shares of the specialty retailer’s stock valued at $20,009,000 after purchasing an additional 412,038 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of MarineMax by 0.6% during the third quarter. Macquarie Group Ltd. now owns 1,185,217 shares of the specialty retailer’s stock valued at $19,615,000 after purchasing an additional 7,492 shares in the last quarter. 88.30% of the stock is owned by institutional investors and hedge funds.

Shares of MarineMax (NYSE:HZO) opened at $19.10 on Wednesday. The firm has a market cap of $520.23, a PE ratio of 19.90, a PEG 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.

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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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