B. Riley Brokers Boost Earnings Estimates for MarineMax, Inc. (NYSE:HZO)

MarineMax, Inc. (NYSE:HZO) – B. Riley increased their Q4 2024 earnings per share (EPS) estimates for MarineMax in a report released on Thursday, April 25th. B. Riley analyst E. Wold now anticipates that the specialty retailer will post earnings of $0.56 per share for the quarter, up from their previous forecast of $0.53. The consensus estimate for MarineMax’s current full-year earnings is $3.09 per share. B. Riley also issued estimates for MarineMax’s Q1 2025 earnings at $0.27 EPS, Q3 2025 earnings at $1.90 EPS and Q4 2025 earnings at $0.68 EPS.

Other equities research analysts have also issued research reports about the company. Truist Financial lowered their price objective on MarineMax from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday. Stifel Nicolaus lowered their price target on MarineMax from $37.00 to $35.00 and set a “buy” rating for the company in a report on Friday. DA Davidson reiterated a “buy” rating and set a $34.00 price target on shares of MarineMax in a report on Friday, March 15th. Finally, StockNews.com cut MarineMax from a “hold” rating to a “sell” rating in a report on Saturday, January 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.75.

MarineMax Price Performance

Shares of NYSE HZO opened at $25.37 on Monday. The business’s 50 day moving average price is $30.20 and its 200 day moving average price is $31.43. The firm has a market cap of $565.75 million, a P/E ratio of 9.19 and a beta of 1.69. MarineMax has a 52 week low of $22.51 and a 52 week high of $42.88. The company has a quick ratio of 0.35, a current ratio of 1.24 and a debt-to-equity ratio of 0.40.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.55). MarineMax had a net margin of 2.56% and a return on equity of 7.66%. The company had revenue of $582.90 million for the quarter, compared to analyst estimates of $590.19 million. During the same quarter last year, the company earned $1.23 EPS. The business’s revenue was up 2.2% compared to the same quarter last year.

Hedge Funds Weigh In On MarineMax

A number of large investors have recently made changes to their positions in HZO. Fifth Third Bancorp grew its stake in MarineMax by 442.3% in the 3rd quarter. Fifth Third Bancorp now owns 770 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 628 shares during the last quarter. Spire Wealth Management increased its stake in shares of MarineMax by 58.3% during the 3rd quarter. Spire Wealth Management now owns 1,496 shares of the specialty retailer’s stock valued at $49,000 after acquiring an additional 551 shares during the last quarter. Bfsg LLC acquired a new position in shares of MarineMax during the 4th quarter valued at about $133,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MarineMax by 25.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,472 shares of the specialty retailer’s stock valued at $135,000 after acquiring an additional 696 shares during the last quarter. Finally, Arizona State Retirement System purchased a new stake in MarineMax during the fourth quarter worth approximately $214,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

Insider Transactions at MarineMax

In other MarineMax news, EVP Charles A. Cashman sold 7,500 shares of MarineMax stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $29.76, for a total transaction of $223,200.00. Following the transaction, the executive vice president now owns 63,981 shares of the company’s stock, valued at $1,904,074.56. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Clint Moore sold 4,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $31.12, for a total transaction of $124,480.00. Following the completion of the transaction, the director now directly owns 20,544 shares of the company’s stock, valued at approximately $639,329.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Charles A. Cashman sold 7,500 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $29.76, for a total value of $223,200.00. Following the completion of the transaction, the executive vice president now owns 63,981 shares of the company’s stock, valued at approximately $1,904,074.56. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

About MarineMax

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.