Brokerages expect MarineMax Inc (NYSE:HZO) to announce $305.42 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for MarineMax’s earnings. The highest sales estimate is $315.06 million and the lowest is $287.30 million. MarineMax posted sales of $308.59 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 1%. The business is expected to announce its next quarterly earnings results on Tuesday, October 29th.
According to Zacks, analysts expect that MarineMax will report full year sales of $1.23 billion for the current fiscal year, with estimates ranging from $1.22 billion to $1.24 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.28 billion, with estimates ranging from $1.25 billion to $1.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover MarineMax.
MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. MarineMax had a return on equity of 10.94% and a net margin of 3.30%. The firm had revenue of $383.50 million for the quarter, compared to analysts’ expectations of $391.48 million. During the same period in the prior year, the firm posted $0.79 earnings per share. The firm’s quarterly revenue was up 6.1% on a year-over-year basis.
HZO traded up $0.21 during trading hours on Monday, reaching $17.35. The company’s stock had a trading volume of 174,327 shares, compared to its average volume of 290,444. MarineMax has a fifty-two week low of $13.73 and a fifty-two week high of $26.11. The stock has a market cap of $453.20 million, a PE ratio of 10.21 and a beta of 0.90. The business’s 50-day moving average is $15.39 and its 200-day moving average is $16.14.
In other MarineMax news, Director Dean S. Woodman sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $14.76, for a total value of $147,600.00. Following the sale, the director now owns 30,100 shares of the company’s stock, valued at $444,276. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.40% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Marshall Wace LLP increased its position in shares of MarineMax by 1,066.9% during the first quarter. Marshall Wace LLP now owns 127,585 shares of the specialty retailer’s stock worth $2,445,000 after acquiring an additional 116,651 shares during the period. Cortina Asset Management LLC increased its holdings in MarineMax by 13.2% in the second quarter. Cortina Asset Management LLC now owns 427,072 shares of the specialty retailer’s stock valued at $7,021,000 after buying an additional 49,738 shares during the last quarter. Peregrine Capital Management LLC purchased a new position in MarineMax in the second quarter valued at $6,387,000. Marshall Wace North America L.P. increased its holdings in MarineMax by 30.0% in the first quarter. Marshall Wace North America L.P. now owns 10,196 shares of the specialty retailer’s stock valued at $196,000 after buying an additional 2,355 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in MarineMax by 1.1% in the second quarter. Allianz Asset Management GmbH now owns 185,390 shares of the specialty retailer’s stock valued at $3,047,000 after buying an additional 1,978 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.
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