Marine Products (MPX) to Release Earnings on Wednesday

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Marine Products (NYSE:MPX) is scheduled to be announcing its earnings results before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Marine Products (NYSE:MPX) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.06. Marine Products had a return on equity of 37.19% and a net margin of 9.39%. The firm had revenue of $88.70 million during the quarter, compared to analysts’ expectations of $81.16 million. On average, analysts expect Marine Products to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Marine Products stock opened at $13.67 on Monday. Marine Products has a 52 week low of $12.48 and a 52 week high of $24.67. The stock has a 50 day moving average price of $14.59 and a two-hundred day moving average price of $14.75. The stock has a market capitalization of $467.79 million, a PE ratio of 16.47 and a beta of 0.56.

A number of equities research analysts have commented on MPX shares. Zacks Investment Research cut Marine Products from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. ValuEngine raised Marine Products from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

Marine Products Company Profile

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, deckboat, cruiser, jet boat, and sport fishing markets worldwide. The company provides Chaparral sterndrive pleasure boats, including SSi and SSX sportboats, Sunesta sportdecks, Signature cruisers, SunCoast sportdeck outboards, Vortex jet boats and the Surf Series, and Robalo outboard sport fishing boats, as well as H2O Sport, and Fish and Ski boats.

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Earnings History for Marine Products (NYSE:MPX)

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