Wall Street analysts expect MarineMax Inc (NYSE:HZO) to post $307.12 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for MarineMax’s earnings. The highest sales estimate is $323.70 million and the lowest is $292.16 million. MarineMax posted sales of $308.59 million during the same quarter last year, which suggests a negative year over year growth rate of 0.5%. The company is expected to announce its next quarterly earnings results on Tuesday, October 29th.
According to Zacks, analysts expect that MarineMax will report full year sales of $1.24 billion for the current financial year, with estimates ranging from $1.22 billion to $1.27 billion. For the next financial year, analysts forecast that the firm will report sales of $1.28 billion, with estimates ranging from $1.26 billion to $1.32 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow MarineMax.
MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. MarineMax had a net margin of 3.30% and a return on equity of 10.94%. The firm had revenue of $383.50 million during the quarter, compared to the consensus estimate of $391.48 million. During the same quarter in the previous year, the firm posted $0.79 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year.
A number of equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of MarineMax from a “sell” rating to a “strong sell” rating in a research report on Monday, July 22nd. Zacks Investment Research downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Craig Hallum downgraded shares of MarineMax from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Raymond James downgraded shares of MarineMax from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. Finally, B. Riley set a $25.00 target price on shares of MarineMax and gave the company a “buy” rating in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $23.42.
Shares of HZO stock opened at $14.66 on Wednesday. MarineMax has a 1 year low of $13.73 and a 1 year high of $26.11. The company’s fifty day simple moving average is $15.96. The company has a market cap of $403.70 million, a P/E ratio of 8.62 and a beta of 0.88.
In related news, Director Dean S. Woodman sold 10,000 shares of MarineMax stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $14.76, for a total transaction of $147,600.00. Following the transaction, the director now owns 30,100 shares in the company, valued at approximately $444,276. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.50% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of MarineMax by 3.4% during the 2nd quarter. BlackRock Inc. now owns 3,852,553 shares of the specialty retailer’s stock valued at $63,336,000 after buying an additional 125,383 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in shares of MarineMax by 1.1% during the 1st quarter. Eagle Asset Management Inc. now owns 2,736,659 shares of the specialty retailer’s stock valued at $52,434,000 after buying an additional 30,540 shares in the last quarter. Impala Asset Management LLC lifted its stake in shares of MarineMax by 13.3% during the 1st quarter. Impala Asset Management LLC now owns 722,532 shares of the specialty retailer’s stock valued at $13,844,000 after buying an additional 84,661 shares in the last quarter. THB Asset Management lifted its stake in MarineMax by 1.0% in the 2nd quarter. THB Asset Management now owns 623,587 shares of the specialty retailer’s stock worth $10,251,000 after purchasing an additional 5,906 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. lifted its stake in MarineMax by 28.8% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 617,524 shares of the specialty retailer’s stock worth $10,152,000 after purchasing an additional 138,056 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.
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