Brokerages expect MarineMax Inc (NYSE:HZO) to report earnings of $0.12 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for MarineMax’s earnings. The lowest EPS estimate is $0.03 and the highest is $0.20. MarineMax posted earnings of $0.23 per share in the same quarter last year, which would indicate a negative year over year growth rate of 47.8%. The firm is expected to issue its next quarterly earnings results on Wednesday, January 23rd.
On average, analysts expect that MarineMax will report full year earnings of $1.89 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.97. For the next year, analysts expect that the company will report earnings of $2.11 per share, with EPS estimates ranging from $1.98 to $2.17. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover MarineMax.
MarineMax (NYSE:HZO) last posted its quarterly earnings data on Tuesday, October 30th. The specialty retailer reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.22. MarineMax had a return on equity of 11.97% and a net margin of 3.34%. The company had revenue of $308.59 million for the quarter, compared to the consensus estimate of $273.60 million. During the same quarter in the previous year, the business earned $0.22 EPS. The company’s quarterly revenue was up 23.1% compared to the same quarter last year.
Several research firms have recently commented on HZO. Zacks Investment Research downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Wedbush boosted their target price on shares of MarineMax from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 31st. Raymond James boosted their target price on shares of MarineMax from $24.00 to $28.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 31st. B. Riley boosted their target price on shares of MarineMax to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Finally, Citigroup boosted their target price on shares of MarineMax from $23.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $27.00.
In other news, Director Dean S. Woodman sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $25.97, for a total transaction of $259,700.00. Following the completion of the transaction, the director now directly owns 23,844 shares of the company’s stock, valued at approximately $619,228.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph Allen Watters sold 2,500 shares of the stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $21.17, for a total transaction of $52,925.00. Following the transaction, the director now directly owns 62,413 shares of the company’s stock, valued at $1,321,283.21. The disclosure for this sale can be found here. Insiders sold a total of 135,300 shares of company stock valued at $3,324,713 over the last ninety days. 5.00% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in HZO. BlackRock Inc. lifted its stake in shares of MarineMax by 12.6% during the 3rd quarter. BlackRock Inc. now owns 3,503,906 shares of the specialty retailer’s stock valued at $74,458,000 after buying an additional 393,107 shares in the last quarter. Intrinsic Edge Capital Management LLC lifted its stake in MarineMax by 265.5% in the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 361,033 shares of the specialty retailer’s stock worth $6,842,000 after purchasing an additional 262,266 shares in the last quarter. WINTON GROUP Ltd lifted its stake in MarineMax by 75.5% in the 2nd quarter. WINTON GROUP Ltd now owns 458,925 shares of the specialty retailer’s stock worth $8,697,000 after purchasing an additional 197,449 shares in the last quarter. Monarch Partners Asset Management LLC purchased a new stake in MarineMax in the 3rd quarter worth approximately $3,037,000. Finally, Millennium Management LLC purchased a new stake in MarineMax in the 2nd quarter worth approximately $2,626,000. Institutional investors own 88.95% of the company’s stock.
NYSE:HZO traded down $0.54 during mid-day trading on Friday, reaching $24.46. The stock had a trading volume of 263,235 shares, compared to its average volume of 480,400. The stock has a market capitalization of $648.19 million, a price-to-earnings ratio of 14.39 and a beta of 0.94. MarineMax has a 12 month low of $16.40 and a 12 month high of $26.11.
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.
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