Marine Products (MPX) Scheduled to Post Quarterly Earnings on Thursday

Marine Products (NYSE:MPX) is set to post its quarterly earnings results before the market opens on Thursday, April 25th. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Marine Products (NYSE:MPX) last released its quarterly earnings results on Thursday, January 25th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of $70.87 million during the quarter. Marine Products had a return on equity of 28.84% and a net margin of 10.87%. During the same quarter in the prior year, the firm posted $0.35 earnings per share.

Marine Products Stock Performance

Marine Products stock opened at $11.13 on Tuesday. The stock has a market cap of $386.02 million, a P/E ratio of 9.12 and a beta of 1.26. Marine Products has a fifty-two week low of $9.18 and a fifty-two week high of $17.81. The firm’s fifty day moving average price is $10.91 and its 200-day moving average price is $10.98.

Marine Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 9th were paid a $0.14 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.56 dividend on an annualized basis and a yield of 5.03%. Marine Products’s dividend payout ratio is presently 45.90%.

About Marine Products

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats and SSi outboard models; and Robalo outboard sport fishing boats.