MarineMax (NYSE:HZO) Earns News Sentiment Score of 0.05
Media coverage about MarineMax (NYSE:HZO) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MarineMax earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned headlines about the specialty retailer an impact score of 47.1426777404873 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
MarineMax (HZO) traded up 3.00% during trading on Friday, hitting $15.45. 310,839 shares of the stock traded hands. MarineMax has a 52 week low of $13.80 and a 52 week high of $23.65. The stock has a market cap of $375.06 million, a P/E ratio of 15.45 and a beta of 1.00. The firm’s 50-day moving average is $17.27 and its 200 day moving average is $19.75.
MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.11. The firm had revenue of $329.80 million for the quarter, compared to the consensus estimate of $383.01 million. MarineMax had a return on equity of 7.53% and a net margin of 2.45%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. Equities research analysts forecast that MarineMax will post $1.00 earnings per share for the current fiscal year.
MarineMax announced that its Board of Directors has authorized a stock buyback program on Wednesday, August 2nd that permits the company to buyback 2,000,000 shares. This buyback authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
Several equities analysts have commented on the stock. B. Riley reissued a “buy” rating and set a $26.00 target price on shares of MarineMax in a research note on Wednesday, May 3rd. BidaskClub cut shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. TheStreet cut shares of MarineMax from a “b” rating to a “c+” rating in a research note on Wednesday, July 26th. Zacks Investment Research cut shares of MarineMax from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Finally, Citigroup Inc. reissued a “buy” rating and set a $25.00 target price (down previously from $26.00) on shares of MarineMax in a research note on Monday, May 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. MarineMax presently has an average rating of “Hold” and an average price target of $23.33.
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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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