MarineMax (NYSE:HZO) Releases FY24 Earnings Guidance

MarineMax (NYSE:HZO) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.20 to $2.30 for the period, compared to the consensus estimate of $2.20. MarineMax also updated its FY 2024 guidance to 2.200-3.200 EPS.

MarineMax Stock Performance

Shares of NYSE HZO traded up $5.49 during midday trading on Thursday, hitting $37.15. The company’s stock had a trading volume of 966,422 shares, compared to its average volume of 333,464. The stock has a fifty day moving average price of $32.12 and a 200 day moving average price of $30.88. MarineMax has a one year low of $22.51 and a one year high of $42.88. The company has a current ratio of 1.24, a quick ratio of 0.34 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $828.45 million, a price-to-earnings ratio of 13.46 and a beta of 1.83.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.55). The business had revenue of $582.90 million during the quarter, compared to the consensus estimate of $590.19 million. MarineMax had a net margin of 2.56% and a return on equity of 7.66%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $1.23 EPS. On average, research analysts forecast that MarineMax will post 2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

HZO has been the subject of several recent analyst reports. B. Riley reduced their price objective on shares of MarineMax from $48.00 to $46.00 and set a buy rating for the company in a research note on Wednesday, July 10th. DA Davidson boosted their price objective on shares of MarineMax from $34.00 to $37.00 and gave the company a buy rating in a research note on Wednesday. Truist Financial reduced their price objective on shares of MarineMax from $40.00 to $35.00 and set a buy rating for the company in a research note on Friday, April 26th. Finally, Stifel Nicolaus boosted their price objective on shares of MarineMax from $35.00 to $40.00 and gave the company a buy rating in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $39.50.

MarineMax Company Profile

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.