MarineMax Inc (NYSE:HZO) – Stock analysts at B. Riley reduced their Q2 2018 EPS estimates for MarineMax in a research note issued on Thursday. B. Riley analyst E. Wold now anticipates that the specialty retailer will post earnings per share of $0.19 for the quarter, down from their previous forecast of $0.23. B. Riley currently has a “Buy” rating and a $22.00 target price on the stock. B. Riley also issued estimates for MarineMax’s Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $1.52 EPS, Q1 2019 earnings at $0.19 EPS and Q4 2019 earnings at $0.28 EPS.
MarineMax (NYSE:HZO) last announced its quarterly earnings data on Wednesday, January 24th. The specialty retailer reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.24. MarineMax had a return on equity of 8.63% and a net margin of 2.36%. The firm had revenue of $236.92 million for the quarter, compared to analyst estimates of $231.75 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. MarineMax’s quarterly revenue was up 4.4% on a year-over-year basis.
MarineMax (NYSE:HZO) opened at $23.80 on Monday. MarineMax has a twelve month low of $13.80 and a twelve month high of $24.30. The firm has a market capitalization of $630.71, a price-to-earnings ratio of 23.11, a P/E/G ratio of 0.57 and a beta of 1.05.
In other news, VP Michael H. Mclamb sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $21.10, for a total value of $211,000.00. Following the sale, the vice president now directly owns 21,500 shares in the company, valued at $453,650. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hilliard M. Eure sold 2,500 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $21.00, for a total value of $52,500.00. The disclosure for this sale can be found here. Insiders sold 151,900 shares of company stock worth $3,384,240 over the last 90 days. Company insiders own 5.00% of the company’s stock.
Large investors have recently modified their holdings of the company. Ameriprise Financial Inc. lifted its position in shares of MarineMax by 61.7% in the second quarter. Ameriprise Financial Inc. now owns 209,829 shares of the specialty retailer’s stock valued at $4,102,000 after acquiring an additional 80,043 shares in the last quarter. Sei Investments Co. lifted its position in shares of MarineMax by 47.3% in the third quarter. Sei Investments Co. now owns 59,824 shares of the specialty retailer’s stock valued at $990,000 after acquiring an additional 19,208 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of MarineMax in the third quarter valued at $4,065,000. Impala Asset Management LLC lifted its position in shares of MarineMax by 23.1% in 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 acquiring an additional 413,990 shares in the last quarter. Finally, Royce & Associates LP lifted its position in shares of MarineMax by 1,644.7% in the third quarter. Royce & Associates LP now owns 132,600 shares of the specialty retailer’s stock valued at $2,195,000 after acquiring an additional 125,000 shares in the last quarter. Institutional investors and hedge funds own 88.85% 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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