Zacks: Brokerages Expect MarineMax Inc (NYSE:HZO) to Post $0.36 EPS

Equities analysts expect MarineMax Inc (NYSE:HZO) to report earnings of $0.36 per share for the current quarter, according to Zacks. Five analysts have made estimates for MarineMax’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.42. MarineMax reported earnings of $0.45 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 20%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, October 29th.

On average, analysts expect that MarineMax will report full year earnings of $1.63 per share for the current year, with EPS estimates ranging from $1.60 to $1.70. For the next year, analysts expect that the business will post earnings of $1.83 per share, with EPS estimates ranging from $1.70 to $2.10. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for MarineMax.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.07. MarineMax had a return on equity of 10.94% and a net margin of 3.30%. The company had revenue of $383.50 million during the quarter, compared to the consensus estimate of $391.48 million. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year.

A number of research firms have weighed in on HZO. Zacks Investment Research downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. B. Riley set a $23.00 target price on shares of MarineMax and gave the company a “buy” rating in a research report on Wednesday, August 21st. Citigroup decreased their target price on shares of MarineMax from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Longbow Research decreased their target price on shares of MarineMax from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Finally, Raymond James downgraded shares of MarineMax from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.17.

MarineMax stock opened at $16.20 on Friday. The business has a 50 day moving average of $15.22 and a 200-day moving average of $16.17. MarineMax has a 1 year low of $13.73 and a 1 year high of $26.11. The company has a market capitalization of $443.08 million, a P/E ratio of 9.53 and a beta of 0.90.

In other MarineMax news, Director Dean S. Woodman sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $14.76, for a total transaction of $147,600.00. Following the completion of the sale, the director now owns 30,100 shares of the company’s stock, valued at approximately $444,276. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC bought a new position in shares of MarineMax during the 3rd quarter worth approximately $158,000. State of Alaska Department of Revenue boosted its holdings in shares of MarineMax by 114.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 16,637 shares of the specialty retailer’s stock worth $257,000 after buying an additional 8,891 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of MarineMax during the 2nd quarter worth approximately $849,000. Nuveen Asset Management LLC bought a new position in shares of MarineMax during the 2nd quarter worth approximately $2,003,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of MarineMax by 15.1% during the 2nd quarter. Victory Capital Management Inc. now owns 136,248 shares of the specialty retailer’s stock worth $2,240,000 after buying an additional 17,895 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

About MarineMax

MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.

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Earnings History and Estimates for MarineMax (NYSE:HZO)

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