MarineMax (HZO) Posts Earnings Results

MarineMax (NYSE:HZO) posted its earnings results on Tuesday. The specialty retailer reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.22, MarketWatch Earnings reports. MarineMax had a return on equity of 10.83% and a net margin of 2.83%. The firm had revenue of $308.59 million for the quarter, compared to the consensus estimate of $273.60 million. During the same quarter in the prior year, the business earned $0.22 EPS. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. MarineMax updated its FY 2019 guidance to $1.85-1.95 EPS and its FY19 guidance to $1.85-1.95 EPS.

Shares of MarineMax stock traded up $0.42 during midday trading on Wednesday, hitting $22.42. The company had a trading volume of 3,666 shares, compared to its average volume of 236,813. The company has a market capitalization of $509.21 million, a P/E ratio of 22.85 and a beta of 1.30. MarineMax has a 52-week low of $16.40 and a 52-week high of $25.05.

In other MarineMax news, Director Joseph Allen Watters sold 2,500 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $21.17, for a total transaction of $52,925.00. Following the sale, the director now directly owns 62,413 shares in the company, valued at approximately $1,321,283.21. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.40% of the company’s stock.

Several analysts recently weighed in on HZO shares. Citigroup cut their price target on MarineMax from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, August 15th. B. Riley upgraded MarineMax from a “neutral” rating to a “buy” rating and upped their price target for the stock from $23.50 to $27.00 in a research note on Friday, July 27th. Ifs Securities restated a “buy” rating and issued a $31.00 price target on shares of MarineMax in a research note on Tuesday. Zacks Investment Research upgraded MarineMax from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Thursday, October 18th. Finally, ValuEngine upgraded MarineMax from a “hold” rating to a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $25.29.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.

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Earnings History for MarineMax (NYSE:HZO)

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