MarineMax (HZO) Scheduled to Post Earnings on Thursday

MarineMax (NYSE:HZOGet Free Report) is set to release its earnings data before the market opens on Thursday, April 25th. Analysts expect MarineMax to post earnings of $0.73 per share for the quarter. MarineMax has set its FY24 guidance at $3.20-3.70 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

MarineMax (NYSE:HZOGet Free Report) last announced its earnings results on Thursday, January 25th. The specialty retailer reported $0.19 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.37). The business had revenue of $527.30 million for the quarter, compared to the consensus estimate of $524.76 million. MarineMax had a return on equity of 10.44% and a net margin of 3.75%. MarineMax’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.24 EPS. On average, analysts expect MarineMax to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

MarineMax Price Performance

Shares of HZO stock opened at $27.94 on Wednesday. The stock’s fifty day moving average is $30.55 and its 200-day moving average is $31.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 1.28. The stock has a market capitalization of $623.06 million, a PE ratio of 6.92 and a beta of 1.69. MarineMax has a 52 week low of $25.60 and a 52 week high of $42.88.

Insider Activity

In other news, EVP Charles A. Cashman sold 7,500 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $29.76, for a total transaction of $223,200.00. Following the transaction, the executive vice president now owns 63,981 shares of the company’s stock, valued at $1,904,074.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other MarineMax news, Director Clint Moore sold 4,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $31.12, for a total value of $124,480.00. Following the transaction, the director now owns 20,544 shares of the company’s stock, valued at $639,329.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles A. Cashman sold 7,500 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $29.76, for a total value of $223,200.00. Following the completion of the transaction, the executive vice president now directly owns 63,981 shares in the company, valued at approximately $1,904,074.56. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Truist Financial increased their target price on MarineMax from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. DA Davidson restated a “buy” rating and set a $34.00 target price on shares of MarineMax in a report on Friday, March 15th. Finally, StockNews.com lowered MarineMax from a “hold” rating to a “sell” rating in a research note on Saturday, January 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Check Out Our Latest Analysis on HZO

MarineMax Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for MarineMax (NYSE:HZO)

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