MarineMax (HZO) Scheduled to Post Earnings on Thursday

MarineMax (NYSE:HZO) will post its quarterly earnings results 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 registering for the company’s earnings conference call can do so using this link.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, January 25th. The specialty retailer reported $0.19 earnings per share 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 during the quarter, compared to analyst estimates of $524.76 million. During the same period in the prior year, the business earned $1.24 earnings per share. MarineMax’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 Price Performance

Shares of NYSE HZO opened at $27.94 on Wednesday. MarineMax has a 1-year low of $25.60 and a 1-year high of $42.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.28 and a quick ratio of 0.35. The business’s fifty day moving average price is $30.55 and its two-hundred day moving average price is $31.55. The firm has a market capitalization of $623.06 million, a PE ratio of 6.92 and a beta of 1.69.

Insider Buying and Selling

In related news, Director Clint Moore sold 4,000 shares of MarineMax stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $31.12, for a total transaction of $124,480.00. Following the transaction, the director now directly owns 20,544 shares of the company’s stock, valued at $639,329.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Clint Moore sold 4,000 shares of MarineMax stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $31.12, for a total transaction of $124,480.00. Following the transaction, the director now directly owns 20,544 shares of the company’s stock, valued at $639,329.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Charles A. Cashman sold 7,500 shares of MarineMax stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $29.76, for a total value of $223,200.00. Following the transaction, the executive vice president now directly owns 63,981 shares in the company, valued at $1,904,074.56. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Truist Financial increased their target price on MarineMax from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. DA Davidson reissued a “buy” rating and set a $34.00 price target on shares of MarineMax in a report on Friday, March 15th. Finally, StockNews.com lowered MarineMax from a “hold” rating to a “sell” rating in a report on Saturday, January 27th. One equities research 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

About MarineMax

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.