West Marine Inc. (NASDAQ:WMAR) issued its earnings results on Thursday. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by $0.05.
A number of equities analysts recently issued reports on the company. B. Riley cut West Marine from a “buy” rating to a “neutral” rating and cut their target price for the stock from $12.00 to $10.00 in a report on Tuesday, June 21st. Zacks Investment Research lowered West Marine from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 28th. Finally, Forward View reissued a “hold” rating on shares of West Marine in a research report on Friday, July 22nd.
West Marine (NASDAQ:WMAR) traded up 1.90% during midday trading on Thursday, reaching $9.11. The company had a trading volume of 50,559 shares. The company has a 50-day moving average of $8.71 and a 200-day moving average of $8.87. West Marine has a 12-month low of $7.65 and a 12-month high of $10.39. The stock has a market capitalization of $226.17 million and a PE ratio of 40.49.
West Marine, Inc is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Company offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its customers through physical stores and two e-commerce Websites.
