$0.06 EPS Expected for MarineMax Inc (NYSE:HZO) This Quarter

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Equities analysts expect that MarineMax Inc (NYSE:HZO) will announce earnings per share (EPS) of $0.06 for the current quarter, Zacks reports. Four analysts have issued estimates for MarineMax’s earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at $0.16. MarineMax reported earnings per share of $0.21 in the same quarter last year, which would suggest a negative year-over-year growth rate of 71.4%. The business is expected to issue its next earnings report on Wednesday, January 22nd.

On average, analysts expect that MarineMax will report full year earnings of $1.65 per share for the current fiscal year, with EPS estimates ranging from $1.62 to $1.69. For the next year, analysts forecast that the company will post earnings of $1.77 per share, with EPS estimates ranging from $1.72 to $1.85. Zacks’ EPS averages are an average based on a survey of analysts that cover MarineMax.

MarineMax (NYSE:HZO) last released its earnings results on Tuesday, October 29th. The specialty retailer reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. MarineMax had a return on equity of 10.24% and a net margin of 2.91%. The business had revenue of $308.10 million for the quarter, compared to analyst estimates of $309.60 million. During the same quarter last year, the firm posted $0.45 earnings per share. The business’s revenue was down .2% compared to the same quarter last year.

A number of research firms have weighed in on HZO. ValuEngine upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. B. Riley set a $23.00 target price on MarineMax and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Zacks Investment Research downgraded MarineMax from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Longbow Research downgraded MarineMax from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $20.08.

Several institutional investors and hedge funds have recently bought and sold shares of the company. State of Tennessee Treasury Department grew its position in shares of MarineMax by 8.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 9,804 shares of the specialty retailer’s stock worth $152,000 after buying an additional 771 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in shares of MarineMax by 10.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 12,227 shares of the specialty retailer’s stock worth $201,000 after buying an additional 1,144 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of MarineMax by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 130,170 shares of the specialty retailer’s stock worth $2,140,000 after buying an additional 1,193 shares in the last quarter. Bank of Montreal Can grew its position in shares of MarineMax by 229.9% during the 2nd quarter. Bank of Montreal Can now owns 2,669 shares of the specialty retailer’s stock worth $44,000 after buying an additional 1,860 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in shares of MarineMax by 1.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 185,390 shares of the specialty retailer’s stock worth $3,047,000 after buying an additional 1,978 shares in the last quarter. 84.72% of the stock is currently owned by institutional investors and hedge funds.

HZO stock traded down $0.23 during midday trading on Wednesday, reaching $16.34. The company’s stock had a trading volume of 190,055 shares, compared to its average volume of 283,290. The stock has a fifty day simple moving average of $16.47 and a two-hundred day simple moving average of $15.84. MarineMax has a 1 year low of $13.73 and a 1 year high of $21.09. The firm has a market capitalization of $452.93 million, a price-to-earnings ratio of 10.02 and a beta of 0.90.

About MarineMax

MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.

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