MarineMax (HZO) to Release Quarterly Earnings on Thursday

MarineMax (NYSE:HZO) is set to release its earnings data before the market opens on Thursday, April 25th. Analysts expect MarineMax to post earnings of $0.73 per share for the quarter. MarineMax has set its FY24 guidance at $3.20-3.70 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Thursday, January 25th. The specialty retailer reported $0.19 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.37). MarineMax had a return on equity of 10.44% and a net margin of 3.75%. The company had revenue of $527.30 million for the quarter, compared to analyst estimates of $524.76 million. During the same quarter in the previous year, the firm posted $1.24 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts expect MarineMax to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

MarineMax Trading Down 1.3 %

NYSE:HZO opened at $27.66 on Tuesday. MarineMax has a 12 month low of $25.60 and a 12 month high of $42.88. The firm has a fifty day simple moving average of $30.60 and a 200-day simple moving average of $31.58. The company has a current ratio of 1.28, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $616.82 million, a P/E ratio of 6.85 and a beta of 1.69.

Insiders Place Their Bets

In other MarineMax news, Director Clint Moore sold 4,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $31.12, for a total value of $124,480.00. Following the completion of the transaction, the director now owns 20,544 shares in the company, valued at $639,329.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other MarineMax news, Director Clint Moore sold 4,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $31.12, for a total value of $124,480.00. Following the completion of the transaction, the director now owns 20,544 shares in the company, valued at $639,329.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Charles A. Cashman sold 7,500 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $29.76, for a total transaction 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. Insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. StockNews.com downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Saturday, January 27th. DA Davidson restated a “buy” rating and set a $34.00 target price on shares of MarineMax in a research report on Friday, March 15th. Finally, Truist Financial boosted their target price on shares of MarineMax from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, MarineMax has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

MarineMax Company Profile

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.