MarineMax (NYSE:HZO) Announces Quarterly Earnings Results

MarineMax (NYSE:HZO) posted its earnings results on Thursday. The specialty retailer reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06, Briefing.com reports. The business had revenue of $563.10 million for the quarter, compared to analysts’ expectations of $576.49 million. MarineMax had a net margin of 2.00% and a return on equity of 6.26%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. MarineMax updated its FY 2025 guidance to 1.800-2.800 EPS and its FY25 guidance to $1.80-2.80 EPS.

MarineMax Stock Performance

NYSE HZO traded up $0.59 on Thursday, hitting $30.63. The stock had a trading volume of 90,192 shares, compared to its average volume of 308,857. The company’s 50-day moving average is $32.04 and its two-hundred day moving average is $31.07. MarineMax has a one year low of $22.51 and a one year high of $39.85. The stock has a market cap of $683.08 million, a price-to-earnings ratio of 10.88 and a beta of 1.82. The company has a quick ratio of 0.36, a current ratio of 1.20 and a debt-to-equity ratio of 0.37.

Wall Street Analysts Forecast Growth

HZO has been the topic of a number of recent analyst reports. Citigroup raised MarineMax from a “neutral” rating to a “buy” rating and upped their target price for the company from $40.00 to $44.00 in a research report on Monday, September 9th. DA Davidson boosted their target price on shares of MarineMax from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Truist Financial increased 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, July 26th. Stifel Nicolaus upped their price objective on MarineMax from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, B. Riley lowered their price target on MarineMax from $48.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to data from MarketBeat.com, MarineMax currently has an average rating of “Moderate Buy” and an average target price of $41.83.

About MarineMax

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.