MarineMax (NYSE:HZO) Releases Earnings Results, Beats Expectations By $0.14 EPS

MarineMax (NYSE:HZO) announced its quarterly earnings data on Thursday. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.14, FiscalAI reports. The company had revenue of $552.15 million for the quarter, compared to analysts’ expectations of $533.05 million. MarineMax had a positive return on equity of 2.63% and a negative net margin of 1.15%.MarineMax’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 earnings per share. MarineMax updated its FY 2026 guidance to 0.400-0.950 EPS.

MarineMax Price Performance

Shares of NYSE:HZO traded down $1.06 on Thursday, reaching $22.42. 397,318 shares of the company were exchanged, compared to its average volume of 343,784. MarineMax has a 1-year low of $16.85 and a 1-year high of $35.46. The company has a current ratio of 1.21, a quick ratio of 0.29 and a debt-to-equity ratio of 0.38. The firm has a market cap of $481.22 million, a price-to-earnings ratio of -16.70 and a beta of 1.60. The company has a 50-day moving average of $25.57 and a 200-day moving average of $24.75.

Analysts Set New Price Targets

HZO has been the subject of several recent research reports. Wall Street Zen lowered MarineMax from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Zacks Research lowered shares of MarineMax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Truist Financial increased their target price on shares of MarineMax from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. B. Riley reiterated a “buy” rating on shares of MarineMax in a research report on Friday, July 25th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of MarineMax in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, MarineMax presently has an average rating of “Hold” and a consensus price target of $34.00.

Insider Transactions at MarineMax

In related news, CEO W Brett Mcgill sold 60,000 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $27.53, for a total value of $1,651,800.00. Following the sale, the chief executive officer owned 173,038 shares of the company’s stock, valued at approximately $4,763,736.14. This represents a 25.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On MarineMax

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of MarineMax by 93.5% during the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 808 shares in the last quarter. Barclays PLC boosted its stake in MarineMax by 155.7% during the 3rd quarter. Barclays PLC now owns 98,491 shares of the specialty retailer’s stock valued at $2,495,000 after purchasing an additional 59,972 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of MarineMax by 1.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 64,415 shares of the specialty retailer’s stock valued at $1,619,000 after purchasing an additional 1,077 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of MarineMax by 3.0% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 22,400 shares of the specialty retailer’s stock worth $563,000 after buying an additional 646 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in MarineMax by 263.5% during the second quarter. Tower Research Capital LLC TRC now owns 9,521 shares of the specialty retailer’s stock valued at $239,000 after buying an additional 6,902 shares in the last quarter. Hedge funds and other institutional investors own 92.85% of the company’s stock.

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.