MarineMax (NYSE:HZO) Issues Earnings Results

MarineMax (NYSE:HZO) posted its quarterly earnings data on Wednesday. The specialty retailer reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.12), reports. The firm had revenue of $520.14 million during the quarter, compared to analysts’ expectations of $541.32 million. MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) earnings per share.

MarineMax Trading Up 0.2%

HZO stock traded up $0.10 during mid-day trading on Wednesday, reaching $52.76. 1,352,561 shares of the stock traded hands, compared to its average volume of 522,273. MarineMax has a 52-week low of $21.42 and a 52-week high of $52.89. The stock’s fifty day moving average is $52.37 and its 200-day moving average is $37.60. The company has a market cap of $1.17 billion, a P/E ratio of 376.89 and a beta of 1.72. The company has a current ratio of 1.23, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HZO. Loop Capital cut shares of MarineMax from a “buy” rating to a “hold” rating and set a $53.00 target price on the stock. in a report on Tuesday, August 11th. Citigroup cut MarineMax from a “buy” rating to a “neutral” rating and increased their price target for the stock from $41.00 to $53.00 in a research report on Friday, October 2nd. Benchmark downgraded MarineMax from a “buy” rating to a “hold” rating in a report on Monday, August 10th. B. Riley Financial lowered shares of MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a research note on Tuesday, July 21st. Finally, Northcoast Research lowered MarineMax from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Eight research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, MarineMax has an average rating of “Hold” and a consensus target price of $44.67.

About MarineMax

MarineMax, Inc is a recreational boat and yacht retailer based in Clearwater, Florida. The company sells new and pre-owned powerboats, sailboats, yachts and related marine products through a network of dealerships and brokerage operations.

In addition to boat sales, MarineMax provides maintenance, repair, storage, parts and other marina services. It also offers financing and insurance products through third-party relationships, as well as charter, yacht-management and boating-lifestyle services through its affiliated businesses.

MarineMax serves customers primarily in the United States, with operations concentrated in boating markets including Florida, the Northeast, the Midwest and other coastal and inland regions.