MarineMax (NYSE:HZO) released its quarterly earnings data on Tuesday. The specialty retailer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.24 by $0.21, MarketWatch Earnings reports. The company had revenue of $308.59 million during the quarter, compared to the consensus estimate of $273.60 million. MarineMax had a return on equity of 10.83% and a net margin of 2.83%. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS. MarineMax updated its FY 2019 guidance to $1.85-1.95 EPS and its FY19 guidance to $1.85-1.95 EPS.
MarineMax stock traded up $2.64 during mid-day trading on Tuesday, hitting $21.61. 31,364 shares of the company’s stock traded hands, compared to its average volume of 236,813. MarineMax has a fifty-two week low of $15.05 and a fifty-two week high of $25.05. The company has a market capitalization of $509.21 million, a price-to-earnings ratio of 21.66 and a beta of 1.30.
Several equities research analysts have recently commented on HZO shares. Citigroup cut their price objective on MarineMax from $28.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, August 15th. Ifs Securities reissued a “buy” rating and issued a $31.00 price objective on shares of MarineMax in a report on Tuesday. B. Riley raised MarineMax from a “neutral” rating to a “buy” rating and increased their price objective for the company from $23.50 to $27.00 in a report on Friday, July 27th. Zacks Investment Research raised MarineMax from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. Finally, ValuEngine raised MarineMax from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.43.
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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