$261.94 Million in Sales Expected for MarineMax Inc (HZO) This Quarter

Analysts expect that MarineMax Inc (NYSE:HZO) will report $261.94 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for MarineMax’s earnings, with the highest sales estimate coming in at $267.10 million and the lowest estimate coming in at $255.00 million. MarineMax reported sales of $245.02 million in the same quarter last year, which indicates a positive year over year growth rate of 6.9%. The company is scheduled to announce its next earnings report on Thursday, April 26th.

On average, analysts expect that MarineMax will report full-year sales of $261.94 million for the current financial year, with estimates ranging from $1.12 billion to $1.16 billion. For the next year, analysts expect that the firm will post sales of $1.22 billion per share, with estimates ranging from $1.19 billion to $1.23 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover MarineMax.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Wednesday, January 24th. The specialty retailer reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.24. The firm had revenue of $236.92 million for the quarter, compared to analysts’ expectations of $231.75 million. MarineMax had a net margin of 2.36% and a return on equity of 8.63%. MarineMax’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 earnings per share.

A number of brokerages have weighed in on HZO. B. Riley reaffirmed a “buy” rating and set a $22.00 price target on shares of MarineMax in a research report on Monday, January 22nd. CL King assumed coverage on shares of MarineMax in a research report on Monday, November 13th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded shares of MarineMax from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Wednesday, January 3rd. Northcoast Research set a $26.00 price objective on shares of MarineMax and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, TheStreet lowered shares of MarineMax from a “b” rating to a “c+” rating in a research note on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.00.

MarineMax (HZO) opened at $21.10 on Friday. The firm has a market cap of $590.00, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 0.50 and a beta of 0.98. MarineMax has a 12-month low of $13.80 and a 12-month high of $24.30.

In other news, Chairman William H. Mcgill, Jr. sold 35,000 shares of MarineMax stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $21.03, for a total transaction of $736,050.00. Following the sale, the chairman now owns 281,640 shares in the company, valued at $5,922,889.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman William H. Mcgill, Jr. sold 50,000 shares of MarineMax stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $23.60, for a total transaction of $1,180,000.00. Following the sale, the chairman now owns 231,742 shares in the company, valued at approximately $5,469,111.20. The disclosure for this sale can be found here. Insiders have sold 151,900 shares of company stock worth $3,384,240 in the last quarter. Insiders own 5.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Monarch Partners Asset Management LLC purchased a new stake in shares of MarineMax during the fourth quarter valued at approximately $2,917,000. Victory Capital Management Inc. increased its stake in shares of MarineMax by 4.4% in the fourth quarter. Victory Capital Management Inc. now owns 113,823 shares of the specialty retailer’s stock worth $2,151,000 after buying an additional 4,842 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of MarineMax in the fourth quarter worth $288,000. Louisiana State Employees Retirement System bought a new stake in shares of MarineMax in the fourth quarter worth $193,000. Finally, Thomson Horstmann & Bryant Inc. increased its stake in shares of MarineMax by 57.1% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 617,054 shares of the specialty retailer’s stock worth $11,662,000 after buying an additional 224,397 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

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About MarineMax

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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