MarineMax (HZO) to Release Quarterly Earnings on Thursday

MarineMax (NYSE:HZO) is set to announce its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.18 per share for the quarter.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.16. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The company had revenue of $757.72 million during the quarter, compared to analysts’ expectations of $720.30 million. During the same period in the prior year, the company earned $2.07 EPS. MarineMax’s revenue was up 5.0% compared to the same quarter last year. On average, analysts expect MarineMax to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

MarineMax Stock Down 0.6 %

Shares of HZO opened at $28.90 on Friday. MarineMax has a 52 week low of $22.51 and a 52 week high of $39.85. The stock has a market capitalization of $644.50 million, a price-to-earnings ratio of 10.47 and a beta of 1.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.36 and a current ratio of 1.20. The stock has a fifty day moving average of $32.07 and a 200-day moving average of $30.99.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HZO shares. B. Riley lowered their target price on MarineMax from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Benchmark started coverage on MarineMax in a research report on Tuesday, October 15th. They set a “buy” rating and a $40.00 target price for the company. Truist Financial raised their target price on MarineMax from $35.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. StockNews.com lowered MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, September 3rd. Finally, DA Davidson raised their target price on MarineMax from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.83.

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.