MarineMax (NYSE:HZO) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

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

MarineMax Trading Up 0.3 %

HZO stock opened at $37.20 on Friday. The company has a quick ratio of 0.34, a current ratio of 1.20 and a debt-to-equity ratio of 0.37. MarineMax has a twelve month low of $22.51 and a twelve month high of $42.88. The company has a market cap of $829.56 million, a P/E ratio of 13.48 and a beta of 1.83. The business has a fifty day moving average of $32.30 and a 200-day moving average of $30.85.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. DA Davidson lifted their price objective on MarineMax from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday. Stifel Nicolaus lifted their price target on MarineMax from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, July 12th. Truist Financial upped their price target on shares of MarineMax from $35.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday. Finally, B. Riley lowered their price objective on shares of MarineMax from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, MarineMax 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.