$261.26 Million in Sales Expected for MarineMax Inc (NYSE:HZO) This Quarter

Equities analysts expect that MarineMax Inc (NYSE:HZO) will report sales of $261.26 million for the current quarter, according to Zacks. Four analysts have provided estimates for MarineMax’s earnings. The highest sales estimate is $267.40 million and the lowest is $256.03 million. MarineMax reported sales of $241.94 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8%. The business is scheduled to report its next quarterly earnings results on Wednesday, January 22nd.

According to Zacks, analysts expect that MarineMax will report full year sales of $1.29 billion for the current fiscal year, with estimates ranging from $1.27 billion to $1.30 billion. For the next financial year, analysts anticipate that the business will report sales of $1.32 billion, with estimates ranging from $1.28 billion to $1.34 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow MarineMax.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Tuesday, October 29th. The specialty retailer reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. MarineMax had a net margin of 2.91% and a return on equity of 10.24%. The firm had revenue of $308.10 million during the quarter, compared to analyst estimates of $309.60 million. During the same quarter last year, the business posted $0.45 EPS. The company’s revenue was down .2% on a year-over-year basis.

A number of brokerages have recently weighed in on HZO. Zacks Investment Research downgraded MarineMax from a “buy” rating to a “hold” rating in a report on Friday, November 1st. B. Riley set a $23.00 price target on MarineMax and gave the company a “buy” rating in a research report on Wednesday, August 21st. ValuEngine raised MarineMax from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Longbow Research lowered MarineMax from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. MarineMax currently has an average rating of “Hold” and a consensus price target of $20.08.

Institutional investors have recently added to or reduced their stakes in the business. Granahan Investment Management Inc. MA boosted its stake in shares of MarineMax by 8.3% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 585,887 shares of the specialty retailer’s stock valued at $9,070,000 after buying an additional 44,809 shares during the period. Barclays PLC raised its holdings in shares of MarineMax by 23.1% during the third quarter. Barclays PLC now owns 68,144 shares of the specialty retailer’s stock worth $1,056,000 after acquiring an additional 12,774 shares in the last quarter. California Public Employees Retirement System boosted its position in MarineMax by 17.7% during the third quarter. California Public Employees Retirement System now owns 40,306 shares of the specialty retailer’s stock valued at $624,000 after purchasing an additional 6,059 shares during the last quarter. State of Tennessee Treasury Department boosted its position in MarineMax by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 9,804 shares of the specialty retailer’s stock valued at $152,000 after purchasing an additional 771 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in MarineMax by 15.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 57,550 shares of the specialty retailer’s stock valued at $891,000 after purchasing an additional 7,800 shares in the last quarter. Hedge funds and other institutional investors own 84.72% of the company’s stock.

HZO opened at $16.09 on Friday. The firm has a market capitalization of $452.93 million, a P/E ratio of 9.87 and a beta of 0.90. The stock has a fifty day moving average of $16.49 and a 200-day moving average of $15.83. MarineMax has a 12-month low of $13.73 and a 12-month high of $21.09.

MarineMax Company Profile

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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Earnings History and Estimates for MarineMax (NYSE:HZO)

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