MarineMax (NYSE:HZO) Issues Quarterly Earnings Results

MarineMax (NYSE:HZO) issued its earnings results on Wednesday. The specialty retailer reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.12), reports. MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The company had revenue of $520.14 million during the quarter, compared to analysts’ expectations of $541.32 million. During the same period last year, the business posted ($0.04) earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis.

MarineMax Trading Up 0.2%

Shares of NYSE:HZO traded up $0.12 during trading on Wednesday, reaching $52.77. The stock had a trading volume of 982,083 shares, compared to its average volume of 521,828. The stock has a market cap of $1.17 billion, a P/E ratio of 376.96 and a beta of 1.72. The company has a quick ratio of 0.34, a current ratio of 1.23 and a debt-to-equity ratio of 0.35. MarineMax has a fifty-two week low of $21.42 and a fifty-two week high of $52.89. The business has a fifty day moving average price of $52.37 and a 200-day moving average price of $37.60.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Citigroup lowered MarineMax from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $41.00 to $53.00 in a research note on Friday, October 2nd. Loop Capital cut MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a report on Tuesday, August 11th. Northcoast Research downgraded MarineMax from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Weiss Ratings raised MarineMax from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, B. Riley Financial cut MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a research report on Tuesday, July 21st. Eight analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $44.67.

MarineMax Company Profile

MarineMax, Inc is a recreational boat and yacht retailer based in Clearwater, Florida. The company sells new and pre-owned powerboats, sailboats, yachts and related marine products through a network of dealerships and brokerage operations.

In addition to boat sales, MarineMax provides maintenance, repair, storage, parts and other marina services. It also offers financing and insurance products through third-party relationships, as well as charter, yacht-management and boating-lifestyle services through its affiliated businesses.

MarineMax serves customers primarily in the United States, with operations concentrated in boating markets including Florida, the Northeast, the Midwest and other coastal and inland regions.