Brokerages Anticipate MarineMax Inc (NYSE:HZO) Will Post Earnings of $0.06 Per Share

Wall Street brokerages expect that MarineMax Inc (NYSE:HZO) will report earnings per share of $0.06 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for MarineMax’s earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at $0.16. MarineMax posted earnings per share of $0.21 in the same quarter last year, which suggests a negative year over year growth rate of 71.4%. The firm is scheduled to report its next quarterly earnings report before the market opens on Thursday, January 23rd.

According to Zacks, analysts expect that MarineMax will report full year earnings of $1.65 per share for the current year, with EPS estimates ranging from $1.62 to $1.69. For the next year, analysts expect that the business will report earnings of $1.77 per share, with EPS estimates ranging from $1.72 to $1.85. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow MarineMax.

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

A number of brokerages have issued reports on HZO. Zacks Investment Research upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Wednesday, January 1st. ValuEngine upgraded 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 note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. MarineMax currently has an average rating of “Hold” and an average target price of $20.08.

Shares of HZO stock opened at $17.48 on Friday. MarineMax has a 52-week low of $13.73 and a 52-week high of $20.46. The firm has a market capitalization of $383.77 million, a PE ratio of 10.99 and a beta of 0.91. The stock has a fifty day simple moving average of $16.67 and a two-hundred day simple moving average of $15.90.

In other MarineMax news, Director Joseph Allen Watters sold 10,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $16.12, for a total value of $161,200.00. Corporate insiders own 4.80% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Barclays PLC grew its position in shares of MarineMax by 23.1% during the third quarter. Barclays PLC now owns 68,144 shares of the specialty retailer’s stock valued at $1,056,000 after purchasing an additional 12,774 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of MarineMax by 15.7% during 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. Rhumbline Advisers grew its position in shares of MarineMax by 3.4% during the third quarter. Rhumbline Advisers now owns 82,710 shares of the specialty retailer’s stock valued at $1,280,000 after purchasing an additional 2,729 shares in the last quarter. State of Tennessee Treasury Department grew its position in shares of 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 in the last quarter. Finally, Granahan Investment Management Inc. MA grew its position in shares of MarineMax by 8.3% during the third quarter. Granahan Investment Management Inc. MA now owns 585,887 shares of the specialty retailer’s stock valued at $9,070,000 after purchasing an additional 44,809 shares in the last quarter. Hedge funds and other institutional investors own 83.16% of the company’s stock.

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.

Featured Story: What is the outlook for the FAANG stocks?

Get a free copy of the Zacks research report on MarineMax (HZO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for MarineMax (NYSE:HZO)

Receive News & Ratings for MarineMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarineMax and related companies with MarketBeat.com's FREE daily email newsletter.