MarineMax (HZO) to Release Earnings on Thursday

MarineMax (NYSE:HZO) will release its earnings data 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.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, January 25th. The specialty retailer reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.37). The firm had revenue of $527.30 million for the quarter, compared to analyst estimates of $524.76 million. MarineMax had a return on equity of 10.44% and a net margin of 3.75%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $1.24 EPS. On average, analysts expect MarineMax to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

MarineMax Trading Down 1.4 %

NYSE:HZO opened at $26.69 on Friday. The company has a market capitalization of $595.19 million, a PE ratio of 6.61 and a beta of 1.69. The company has a quick ratio of 0.35, a current ratio of 1.28 and a debt-to-equity ratio of 0.41. MarineMax has a 52-week low of $25.60 and a 52-week high of $42.88. The stock has a fifty day simple moving average of $30.79 and a 200-day simple moving average of $31.66.

Insider Activity at MarineMax

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

Institutional Trading of MarineMax

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in shares of MarineMax by 0.4% during the 1st quarter. BlackRock Inc. now owns 4,159,070 shares of the specialty retailer’s stock worth $167,445,000 after purchasing an additional 16,515 shares during the period. Vanguard Group Inc. grew its holdings in shares of MarineMax by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,789,622 shares of the specialty retailer’s stock worth $53,313,000 after purchasing an additional 34,189 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of MarineMax by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,612,168 shares of the specialty retailer’s stock worth $64,909,000 after purchasing an additional 6,278 shares during the period. State Street Corp grew its holdings in shares of MarineMax by 9.3% during the 1st quarter. State Street Corp now owns 992,088 shares of the specialty retailer’s stock worth $28,523,000 after purchasing an additional 84,663 shares during the period. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in shares of MarineMax by 0.4% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 632,590 shares of the specialty retailer’s stock worth $25,468,000 after purchasing an additional 2,302 shares during the period. Hedge funds and other institutional investors own 92.85% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on HZO. Truist Financial lifted their price target on MarineMax from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. StockNews.com downgraded MarineMax from a “hold” rating to a “sell” rating in a research note on Saturday, January 27th. Finally, DA Davidson reaffirmed a “buy” rating and set a $34.00 price target on shares of MarineMax in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.