MarineMax (NYSE:HZO) Updates FY 2024 Earnings Guidance

MarineMax (NYSE:HZO) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.200-3.200 for the period, compared to the consensus estimate of 2.370. The company issued revenue guidance of -. MarineMax also updated its FY24 guidance to $2.20 to $2.30 EPS.

MarineMax Price Performance

HZO opened at $37.20 on Friday. The firm has a market cap of $829.60 million, a price-to-earnings ratio of 13.48 and a beta of 1.83. MarineMax has a fifty-two week low of $22.51 and a fifty-two week high of $42.88. The company’s 50-day moving average price is $32.30 and its 200 day moving average price is $30.85. The company has a quick ratio of 0.34, a current ratio of 1.20 and a debt-to-equity ratio of 0.37.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.16. The firm had revenue of $757.72 million for the quarter, compared to analyst estimates of $720.30 million. MarineMax had a net margin of 2.00% and a return on equity of 6.26%. MarineMax’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.07 earnings per share. As a group, sell-side analysts expect that MarineMax will post 2.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HZO shares. Truist Financial increased their price objective on shares of MarineMax from $35.00 to $44.00 and gave the stock a buy rating in a research note on Friday. B. Riley decreased their target price on shares of MarineMax from $48.00 to $46.00 and set a buy rating for the company in a research report on Wednesday, July 10th. Stifel Nicolaus upped their target price on shares of MarineMax from $35.00 to $40.00 and gave the stock a buy rating in a research report on Friday, July 12th. Finally, DA Davidson upped their target price on shares of MarineMax from $34.00 to $37.00 and gave the stock a buy rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $41.75.

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.