Brokerages expect MarineMax, Inc. (NYSE:HZO) to post sales of $261.38 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for MarineMax’s earnings. The lowest sales estimate is $255.00 million and the highest is $267.10 million. MarineMax reported sales of $245.02 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.7%. The firm is expected to report its next quarterly earnings results on Thursday, April 26th.
According to Zacks, analysts expect that MarineMax will report full year sales of $1.14 billion for the current fiscal year, with estimates ranging from $1.12 billion to $1.16 billion. For the next year, analysts forecast that the business will report sales of $1.22 billion per share, with estimates ranging from $1.19 billion to $1.23 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for MarineMax.
MarineMax (NYSE:HZO) last posted its quarterly earnings results on Wednesday, January 24th. The specialty retailer reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.24. MarineMax had a return on equity of 8.63% and a net margin of 2.36%. The company had revenue of $236.92 million during the quarter, compared to the consensus estimate of $231.75 million. During the same period last year, the business earned $0.11 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis.
A number of research analysts recently weighed in on the company. B. Riley reissued a “buy” rating and issued a $22.00 price objective on shares of MarineMax in a research note on Monday, January 22nd. Zacks Investment Research raised MarineMax from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Wednesday, January 3rd. Northcoast Research set a $26.00 price objective on MarineMax and gave the company a “buy” rating in a research note on Wednesday, January 24th. TheStreet downgraded MarineMax from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Finally, CL King raised MarineMax from a “neutral” rating to a “buy” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. MarineMax currently has an average rating of “Buy” and an average target price of $22.00.
In other MarineMax news, Chairman William H. Mcgill, Jr. sold 50,000 shares of MarineMax stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $23.60, for a total value of $1,180,000.00. Following the transaction, the chairman now directly owns 231,742 shares of the company’s stock, valued at approximately $5,469,111.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO W Brett Mcgill sold 10,000 shares of MarineMax stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $21.26, for a total value of $212,600.00. Following the completion of the transaction, the chief operating officer now directly owns 11,866 shares in the company, valued at $252,271.16. The disclosure for this sale can be found here. Insiders sold a total of 67,500 shares of company stock worth $1,566,400 over the last three months. 4.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Carillon Tower Advisers Inc. acquired a new stake in shares of MarineMax during the 4th quarter worth approximately $33,908,000. Macquarie Group Ltd. grew its holdings in shares of MarineMax by 14.9% during the 4th quarter. Macquarie Group Ltd. now owns 1,361,778 shares of the specialty retailer’s stock worth $25,738,000 after purchasing an additional 176,561 shares in the last quarter. Thomson Horstmann & Bryant Inc. grew its holdings in shares of MarineMax by 57.1% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 617,054 shares of the specialty retailer’s stock worth $11,662,000 after purchasing an additional 224,397 shares in the last quarter. Royce & Associates LP grew its holdings in shares of MarineMax by 116.9% during the 4th quarter. Royce & Associates LP now owns 287,600 shares of the specialty retailer’s stock worth $5,436,000 after purchasing an additional 155,000 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of MarineMax by 6.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 222,990 shares of the specialty retailer’s stock worth $3,690,000 after purchasing an additional 13,161 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.
Shares of HZO stock traded up $0.35 during trading on Thursday, reaching $18.90. The company had a trading volume of 277,484 shares, compared to its average volume of 323,126. MarineMax has a one year low of $13.80 and a one year high of $24.30. The company has a market capitalization of $494.33, a price-to-earnings ratio of 18.90, a PEG ratio of 0.42 and a beta of 1.06.
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MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.
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