Analysts expect MarineMax Inc (NYSE:HZO) to report sales of $273.32 million for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for MarineMax’s earnings, with estimates ranging from $262.90 million to $280.84 million. MarineMax reported sales of $250.62 million in the same quarter last year, which indicates a positive year over year growth rate of 9.1%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, October 30th.

According to Zacks, analysts expect that MarineMax will report full year sales of $1.14 billion for the current fiscal year, with estimates ranging from $1.13 billion to $1.15 billion. For the next financial year, analysts anticipate that the business will post sales of $1.20 billion per share, with estimates ranging from $1.16 billion to $1.23 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for MarineMax.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, July 26th. The specialty retailer reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. The business had revenue of $361.25 million for the quarter, compared to analysts’ expectations of $370.13 million. MarineMax had a net margin of 2.83% and a return on equity of 10.83%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $0.57 EPS.

A number of equities research analysts have recently commented on HZO shares. ValuEngine cut shares of MarineMax from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. B. Riley cut shares of MarineMax from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $29.00 to $26.00 in a research note on Monday, June 18th. Craig Hallum cut shares of MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, June 25th. Wedbush dropped their price objective on shares of MarineMax from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, July 27th. Finally, Zacks Investment Research cut shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. MarineMax presently has an average rating of “Hold” and a consensus price target of $24.50.

Shares of NYSE HZO traded down $0.05 during midday trading on Friday, reaching $23.35. 2,124 shares of the stock were exchanged, compared to its average volume of 195,466. The stock has a market capitalization of $624.71 million, a price-to-earnings ratio of 23.25 and a beta of 1.27. MarineMax has a twelve month low of $15.05 and a twelve month high of $25.05.

Several large investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its position in shares of MarineMax by 3.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 111,118 shares of the specialty retailer’s stock valued at $2,162,000 after buying an additional 3,188 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in MarineMax by 12.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 33,984 shares of the specialty retailer’s stock valued at $644,000 after purchasing an additional 3,722 shares in the last quarter. California Public Employees Retirement System lifted its holdings in MarineMax by 13.5% in the 2nd quarter. California Public Employees Retirement System now owns 45,286 shares of the specialty retailer’s stock valued at $858,000 after purchasing an additional 5,386 shares in the last quarter. Swiss National Bank lifted its holdings in MarineMax by 13.9% in the 2nd quarter. Swiss National Bank now owns 48,400 shares of the specialty retailer’s stock valued at $917,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Cortina Asset Management LLC lifted its holdings in MarineMax by 2.1% in the 1st quarter. Cortina Asset Management LLC now owns 341,979 shares of the specialty retailer’s stock valued at $6,651,000 after purchasing an additional 6,931 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

MarineMax Company Profile

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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Earnings History and Estimates for MarineMax (NYSE:HZO)

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