MarineMax (NYSE:HZO) Issues Earnings Results

MarineMax (NYSE:HZO) released its quarterly earnings data on Thursday. The specialty retailer reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.16, Briefing.com reports. The company had revenue of $757.72 million for the quarter, compared to analyst estimates of $720.30 million. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.07 EPS. MarineMax updated its FY24 guidance to $2.20 to $2.30 EPS and its FY 2024 guidance to 2.200-3.200 EPS.

MarineMax Stock Performance

Shares of HZO stock opened at $37.20 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.34 and a current ratio of 1.20. The company has a 50-day simple moving average of $32.30 and a 200 day simple moving average of $30.85. MarineMax has a 52 week low of $22.51 and a 52 week high of $42.88. The company has a market capitalization of $829.60 million, a price-to-earnings ratio of 13.48 and a beta of 1.83.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HZO shares. DA Davidson upped their target price on shares of MarineMax from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial raised their price objective on shares of MarineMax from $35.00 to $44.00 and gave the company a “buy” rating in a research note on Friday. B. Riley cut their price target on MarineMax from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Stifel Nicolaus increased their price target on MarineMax from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, MarineMax currently has an average rating of “Moderate Buy” and an average price target of $41.75.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.