MarineMax (NYSE:HZO) Issues FY 2024 Earnings Guidance

MarineMax (NYSE:HZO) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 2.200-3.200 for the period, compared to the consensus EPS estimate of 3.350. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. DA Davidson reissued a buy rating and issued a $34.00 price target on shares of MarineMax in a research note on Friday, March 15th. Truist Financial boosted their price target on shares of MarineMax from $40.00 to $45.00 and gave the stock a buy rating in a research note on Tuesday, January 9th. Finally, StockNews.com downgraded shares of MarineMax from a hold rating to a sell rating in a research note on Saturday, January 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $39.00.

MarineMax Price Performance

HZO stock opened at $27.18 on Thursday. The firm’s 50-day moving average price is $30.45 and its two-hundred day moving average price is $31.52. MarineMax has a 12-month low of $25.60 and a 12-month high of $42.88. The stock has a market capitalization of $606.11 million, a price-to-earnings ratio of 6.73 and a beta of 1.69. The company has a current ratio of 1.28, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, January 25th. The specialty retailer reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). MarineMax had a net margin of 3.75% and a return on equity of 10.44%. The firm had revenue of $527.30 million during the quarter, compared to analysts’ expectations of $524.76 million. During the same quarter in the previous year, the firm posted $1.24 EPS. MarineMax’s revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts predict that MarineMax will post 3.33 earnings per share for the current year.

Insider Buying and Selling at MarineMax

In other MarineMax news, EVP Charles A. Cashman sold 7,500 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $29.76, for a total value of $223,200.00. Following the transaction, the executive vice president now owns 63,981 shares in the company, valued at $1,904,074.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Clint Moore sold 4,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $31.12, for a total transaction of $124,480.00. Following the transaction, the director now owns 20,544 shares in the company, valued at $639,329.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Charles A. Cashman sold 7,500 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were 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 in the company, 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.

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.