MarineMax (NYSE:HZO) Announces Earnings Results, Misses Expectations By $0.09 EPS

MarineMax (NYSE:HZO) released its earnings results on Thursday. The specialty retailer reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.09), FiscalAI reports. The firm had revenue of $505.18 million during the quarter, compared to the consensus estimate of $481.67 million. MarineMax had a negative net margin of 1.37% and a positive return on equity of 2.00%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS.

Here are the key takeaways from MarineMax’s conference call:

• Delivered nearly 11% same-store sales growth in Q1 driven by higher average unit selling prices and strong demand for premium/larger products (led by a strong Fort Lauderdale show).
• Retail boat gross margins are under significant pressure—roughly 400 basis points below normal—and management expects margin weakness to persist through fiscal Q2 with only modest recovery in the back half.
• Reduced inventory by nearly $170 million year-over-year, is targeting inventory turns above 2x, and finished the quarter with a strong liquidity position (~$165 million cash) and net debt just over 2x Adjusted EBITDA.
• Reaffirmed fiscal 2026 guidance of Adjusted EBITDA $110–$125 million and adjusted EPS $0.40–$0.95, assuming industry units flat to slightly up and same-store sales flat to slightly positive.

MarineMax Stock Performance

HZO traded down $2.24 on Thursday, reaching $24.63. The company had a trading volume of 196,523 shares, compared to its average volume of 275,177. The stock has a market cap of $542.49 million, a P/E ratio of -15.80 and a beta of 1.65. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.32 and a current ratio of 1.20. MarineMax has a fifty-two week low of $16.85 and a fifty-two week high of $31.51. The company’s fifty day moving average is $25.50 and its 200 day moving average is $25.27.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HZO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of MarineMax by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock valued at $278,000 after purchasing an additional 546 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in MarineMax by 3.0% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 22,400 shares of the specialty retailer’s stock valued at $563,000 after buying an additional 646 shares in the last quarter. Russell Investments Group Ltd. increased its position 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 buying an additional 808 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of MarineMax by 1.7% in the second quarter. Public Sector Pension Investment Board now owns 64,415 shares of the specialty retailer’s stock worth $1,619,000 after buying an additional 1,077 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of MarineMax by 6.9% in the third quarter. California State Teachers Retirement System now owns 18,510 shares of the specialty retailer’s stock valued at $469,000 after acquiring an additional 1,188 shares during the period. 92.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Loop Capital assumed coverage on shares of MarineMax in a report on Monday, December 22nd. They set a “buy” rating and a $29.00 target price for the company. Wall Street Zen upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “sell (d)” rating on shares of MarineMax in a report on Thursday, January 22nd. Zacks Research upgraded MarineMax from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Citigroup restated a “buy” rating on shares of MarineMax in a research note on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

About MarineMax

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.