MarineMax (HZO) to Release Quarterly Earnings on Thursday

MarineMax (NYSE:HZO – Get Rating) is set to announce its earnings results before the market opens on Thursday, January 26th. Analysts expect the company to announce earnings of $1.51 per share for the quarter. MarineMax has set its FY23 guidance at $7.90-$8.40 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

MarineMax (NYSE:HZO – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The specialty retailer reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.73. The company had revenue of $536.76 million during the quarter, compared to the consensus estimate of $508.95 million. MarineMax had a return on equity of 28.48% and a net margin of 8.58%. On average, analysts expect MarineMax to post $8 EPS for the current fiscal year and $7 EPS for the next fiscal year.

MarineMax Stock Performance

Shares of NYSE:HZO traded down $0.31 during mid-day trading on Tuesday, reaching $33.79. 208,608 shares of the company traded hands, compared to its average volume of 295,580. The company’s 50 day moving average price is $32.34 and its 200-day moving average price is $34.11. The firm has a market cap of $738.18 million, a PE ratio of 3.81 and a beta of 1.58. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.83 and a quick ratio of 0.73. MarineMax has a 52 week low of $27.40 and a 52 week high of $50.32.

Institutional Trading of MarineMax

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky purchased a new stake in MarineMax during the 3rd quarter valued at $221,000. BNP Paribas Arbitrage SNC raised its holdings in MarineMax by 42.0% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 25,862 shares of the specialty retailer’s stock valued at $770,000 after buying an additional 7,651 shares during the period. Thrivent Financial for Lutherans raised its holdings in MarineMax by 5.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 22,260 shares of the specialty retailer’s stock valued at $663,000 after buying an additional 1,106 shares during the period. UBS Asset Management Americas Inc. raised its holdings in MarineMax by 13.4% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 28,400 shares of the specialty retailer’s stock valued at $846,000 after buying an additional 3,354 shares during the period. Finally, Vanguard Group Inc. raised its holdings in MarineMax by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,789,622 shares of the specialty retailer’s stock valued at $53,313,000 after buying an additional 34,189 shares during the period. Hedge funds and other institutional investors own 95.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Raymond James cut their price objective on MarineMax from $66.00 to $55.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. TheStreet cut MarineMax from a “b-” rating to a “c+” rating in a report on Monday, September 26th. Stifel Nicolaus began coverage on MarineMax in a report on Wednesday, December 14th. They issued a “buy” rating and a $40.00 price target on the stock. DA Davidson lowered their price target on MarineMax to $44.00 in a report on Tuesday, November 1st. Finally, Truist Financial decreased their price objective on MarineMax from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, October 5th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

MarineMax Company Profile

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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.